OGE Energy Corporation (NYSE:OGE) VP Patricia D. Horn sold 10,051 shares of OGE Energy Corporation stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $35.56, for a total transaction of $357,413.56. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Shares of OGE Energy Corporation (NYSE OGE) opened at $35.20 on Friday. OGE Energy Corporation has a twelve month low of $30.63 and a twelve month high of $37.40. The stock has a market cap of $7,029.62, a P/E ratio of 18.43, a P/E/G ratio of 4.02 and a beta of 0.93. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.63 and a quick ratio of 0.46.
OGE Energy Corporation (NYSE:OGE) last released its earnings results on Thursday, November 2nd. The utilities provider reported $0.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.01). The company had revenue of $716.80 million during the quarter, compared to analysts’ expectations of $728.18 million. OGE Energy Corporation had a net margin of 16.69% and a return on equity of 10.92%. OGE Energy Corporation’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.92 earnings per share. equities analysts anticipate that OGE Energy Corporation will post 1.88 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, October 30th. Shareholders of record on Tuesday, October 10th were given a dividend of $0.333 per share. The ex-dividend date was Friday, October 6th. This represents a $1.33 dividend on an annualized basis and a yield of 3.78%. OGE Energy Corporation’s dividend payout ratio (DPR) is 69.63%.
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A number of hedge funds have recently made changes to their positions in OGE. Dimensional Fund Advisors LP lifted its position in shares of OGE Energy Corporation by 1.4% during the first quarter. Dimensional Fund Advisors LP now owns 604,360 shares of the utilities provider’s stock worth $21,142,000 after purchasing an additional 8,176 shares in the last quarter. Capstone Asset Management Co. increased its stake in OGE Energy Corporation by 0.3% during the second quarter. Capstone Asset Management Co. now owns 18,899 shares of the utilities provider’s stock valued at $657,000 after purchasing an additional 60 shares during the last quarter. Bank of Montreal Can increased its stake in OGE Energy Corporation by 0.6% during the second quarter. Bank of Montreal Can now owns 17,806 shares of the utilities provider’s stock valued at $619,000 after purchasing an additional 107 shares during the last quarter. NN Investment Partners Holdings N.V. increased its stake in OGE Energy Corporation by 995.6% during the second quarter. NN Investment Partners Holdings N.V. now owns 50,452 shares of the utilities provider’s stock valued at $1,755,000 after purchasing an additional 45,847 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. increased its stake in OGE Energy Corporation by 508.7% during the second quarter. Mn Services Vermogensbeheer B.V. now owns 32,421 shares of the utilities provider’s stock valued at $1,128,000 after purchasing an additional 27,095 shares during the last quarter. 62.37% of the stock is currently owned by hedge funds and other institutional investors.
OGE has been the subject of a number of recent analyst reports. Wells Fargo & Company downgraded shares of OGE Energy Corporation from an “outperform” rating to a “market perform” rating and set a $38.00 target price for the company. in a report on Friday, October 6th. BidaskClub upgraded shares of OGE Energy Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. Jefferies Group LLC restated a “hold” rating and issued a $37.00 target price (up from $35.00) on shares of OGE Energy Corporation in a report on Wednesday, August 9th. Zacks Investment Research downgraded shares of OGE Energy Corporation from a “hold” rating to a “sell” rating in a report on Thursday, August 10th. Finally, Bank of America Corporation initiated coverage on shares of OGE Energy Corporation in a report on Tuesday, October 24th. They issued an “underperform” rating and a $37.00 target price for the company. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $36.67.
OGE Energy Corporation Company Profile
OGE Energy Corp. (OGE Energy) is an energy and energy services provider offering physical delivery and related services for both electricity and natural gas primarily in the south central United States. The Company operates through two segments: electric utility and natural gas midstream operations. The electric utility segment generates, transmits, distributes and sells electric energy in Oklahoma and western Arkansas.
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