OGE Energy Corp. (OGE) Shares Sold by First Mercantile Trust Co.

First Mercantile Trust Co. cut its stake in shares of OGE Energy Corp. (NYSE:OGE) by 15.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,522 shares of the utilities provider’s stock after selling 3,045 shares during the period. First Mercantile Trust Co.’s holdings in OGE Energy were worth $544,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Shell Asset Management Co. lifted its position in OGE Energy by 33.0% during the third quarter. Shell Asset Management Co. now owns 56,322 shares of the utilities provider’s stock worth $2,090,000 after acquiring an additional 13,982 shares during the last quarter. Mutual of America Capital Management LLC lifted its position in OGE Energy by 1.6% during the third quarter. Mutual of America Capital Management LLC now owns 161,802 shares of the utilities provider’s stock worth $5,830,000 after acquiring an additional 2,549 shares during the last quarter. Fox Run Management L.L.C. acquired a new stake in OGE Energy during the third quarter worth approximately $1,034,000. Schwab Charles Investment Management Inc. lifted its position in OGE Energy by 3.9% during the third quarter. Schwab Charles Investment Management Inc. now owns 685,411 shares of the utilities provider’s stock worth $24,696,000 after acquiring an additional 25,849 shares during the last quarter. Finally, Legal & General Group Plc lifted its position in OGE Energy by 10.5% during the third quarter. Legal & General Group Plc now owns 572,130 shares of the utilities provider’s stock worth $20,613,000 after acquiring an additional 54,243 shares during the last quarter. Hedge funds and other institutional investors own 61.38% of the company’s stock.

Several brokerages have issued reports on OGE. Guggenheim restated a “buy” rating and set a $35.00 price objective on shares of OGE Energy in a research report on Friday. Bank of America upgraded shares of OGE Energy from a “neutral” rating to a “buy” rating and set a $34.00 price objective for the company in a research report on Friday. Zacks Investment Research upgraded shares of OGE Energy from a “sell” rating to a “hold” rating in a research report on Monday, February 19th. UBS Group started coverage on shares of OGE Energy in a research report on Friday, February 2nd. They set a “neutral” rating and a $33.00 price objective for the company. Finally, Goldman Sachs Group upgraded shares of OGE Energy from a “neutral” rating to a “buy” rating and set a $38.00 price target for the company in a research report on Wednesday, January 10th. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $36.00.

Shares of OGE Energy Corp. (NYSE:OGE) opened at $32.95 on Friday. 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 Corp. has a 1 year low of $29.59 and a 1 year high of $37.40. The firm has a market cap of $6,580.31, a P/E ratio of 10.63, a PEG ratio of 3.07 and a beta of 0.84.

OGE Energy (NYSE:OGE) last released its quarterly earnings results on Thursday, February 22nd. The utilities provider reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.02. OGE Energy had a net margin of 27.38% and a return on equity of 10.89%. The company had revenue of $501.90 million during the quarter, compared to the consensus estimate of $531.39 million. During the same period in the previous year, the business earned $0.29 earnings per share. The firm’s quarterly revenue was down 5.4% on a year-over-year basis. analysts predict that OGE Energy Corp. will post 2.01 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 30th. Stockholders of record on Tuesday, April 10th will be given a $0.3325 dividend. The ex-dividend date of this dividend is Monday, April 9th. This represents a $1.33 dividend on an annualized basis and a dividend yield of 4.04%. OGE Energy’s payout ratio is 42.90%.

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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.

Institutional Ownership by Quarter for OGE Energy (NYSE:OGE)

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