OGE Energy Corp. (NYSE:OGE) VP Patricia D. Horn sold 10,051 shares of the business’s 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 filing with the SEC, which is available through this hyperlink.
Shares of OGE Energy Corp. (OGE) traded down $0.18 during mid-day trading on Monday, hitting $35.05. 956,332 shares of the stock were exchanged, compared to its average volume of 998,034. The company has a market cap of $7,035.61, a PE ratio of 18.44, a price-to-earnings-growth ratio of 4.03 and a beta of 0.90. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.46 and a current ratio of 0.63. OGE Energy Corp. has a 12 month low of $31.96 and a 12 month high of $37.40.
OGE Energy (NYSE:OGE) last released its quarterly earnings results on Thursday, November 2nd. The utilities provider reported $0.92 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.93 by ($0.01). The company had revenue of $716.80 million during the quarter, compared to the consensus estimate of $728.18 million. OGE Energy had a net margin of 16.69% and a return on equity of 10.92%. The firm’s revenue was down 3.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.92 earnings per share. research analysts anticipate that OGE Energy Corp. will post 1.88 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 30th. Shareholders of record on Wednesday, January 10th will be issued a $0.3325 dividend. The ex-dividend date is Tuesday, January 9th. This represents a $1.33 annualized dividend and a yield of 3.79%. OGE Energy’s dividend payout ratio is currently 69.63%.
Institutional investors have recently added to or reduced their stakes in the business. Krilogy Financial LLC raised its holdings in OGE Energy by 133.3% in the 3rd quarter. Krilogy Financial LLC now owns 2,800 shares of the utilities provider’s stock valued at $101,000 after acquiring an additional 1,600 shares during the period. Ffcm LLC raised its holdings in OGE Energy by 199.8% in the 2nd quarter. Ffcm LLC now owns 3,478 shares of the utilities provider’s stock valued at $121,000 after acquiring an additional 2,318 shares during the period. Jane Street Group LLC bought a new position in OGE Energy in the 3rd quarter valued at about $205,000. Foster & Motley Inc. bought a new position in OGE Energy in the 2nd quarter valued at about $205,000. Finally, Boothbay Fund Management LLC bought a new position in OGE Energy in the 3rd quarter valued at about $216,000. 62.20% of the stock is currently owned by hedge funds and other institutional investors.
OGE has been the topic of several analyst reports. BidaskClub raised shares of OGE Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. Bank of America started coverage on shares of OGE Energy in a report on Tuesday, October 24th. They issued an “underperform” rating and a $37.00 target price on the stock. Wells Fargo & Company cut shares of OGE Energy from an “outperform” rating to a “market perform” rating and set a $38.00 target price on the stock. in a report on Friday, October 6th. KeyCorp reaffirmed a “hold” rating on shares of OGE Energy in a report on Friday, September 1st. Finally, Jefferies Group reaffirmed a “hold” rating and issued a $37.00 target price (up from $35.00) on shares of OGE Energy in a report on Wednesday, August 9th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. OGE Energy currently has a consensus rating of “Hold” and an average price target of $36.67.
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OGE Energy 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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