Nisa Investment Advisors LLC increased its stake in shares of OGE Energy Corp. (NYSE:OGE) by 4.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 370,867 shares of the utilities provider’s stock after buying an additional 14,417 shares during the quarter. Nisa Investment Advisors LLC owned about 0.19% of OGE Energy worth $13,470,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Verition Fund Management LLC lifted its stake in OGE Energy by 11.3% during the second quarter. Verition Fund Management LLC now owns 13,391 shares of the utilities provider’s stock worth $471,000 after purchasing an additional 1,364 shares during the last quarter. Louisiana State Employees Retirement System lifted its stake in OGE Energy by 2.9% during the second quarter. Louisiana State Employees Retirement System now owns 53,900 shares of the utilities provider’s stock worth $1,898,000 after purchasing an additional 1,500 shares during the last quarter. Twin Capital Management Inc. lifted its stake in OGE Energy by 1.1% during the second quarter. Twin Capital Management Inc. now owns 146,140 shares of the utilities provider’s stock worth $5,146,000 after purchasing an additional 1,590 shares during the last quarter. Glen Harbor Capital Management LLC lifted its stake in OGE Energy by 8.0% during the second quarter. Glen Harbor Capital Management LLC now owns 21,648 shares of the utilities provider’s stock worth $762,000 after purchasing an additional 1,606 shares during the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. lifted its stake in OGE Energy by 15.0% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 12,498 shares of the utilities provider’s stock worth $409,000 after purchasing an additional 1,632 shares during the last quarter. 61.51% of the stock is currently owned by institutional investors and hedge funds.
In other news, VP Patricia D. Horn sold 3,715 shares of the stock in a transaction on Thursday, August 9th. The stock was sold at an average price of $37.00, for a total value of $137,455.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Jerry A. Peace sold 2,513 shares of the stock in a transaction on Tuesday, August 14th. The shares were sold at an average price of $36.71, for a total value of $92,252.23. Following the completion of the transaction, the vice president now owns 11,125 shares of the company’s stock, valued at $408,398.75. The disclosure for this sale can be found here. 0.44% of the stock is currently owned by corporate insiders.
Several equities research analysts have weighed in on the company. ValuEngine upgraded OGE Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, June 26th. Goldman Sachs Group cut OGE Energy from a “buy” rating to a “neutral” rating in a research note on Sunday, June 24th. They noted that the move was a valuation call. Zacks Investment Research upgraded OGE Energy from a “sell” rating to a “hold” rating in a research note on Friday, July 20th. Finally, UBS Group upped their target price on OGE Energy from $35.00 to $37.00 and gave the stock a “neutral” rating in a research note on Friday, August 10th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $36.60.
Shares of OGE opened at $37.22 on Friday. OGE Energy Corp. has a 52 week low of $29.59 and a 52 week high of $37.98. The firm has a market capitalization of $7.25 billion, a PE ratio of 19.39, a PEG ratio of 3.71 and a beta of 0.62. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.45 and a quick ratio of 0.28.
OGE Energy (NYSE:OGE) last announced its quarterly earnings results on Thursday, August 9th. The utilities provider reported $0.55 EPS for the quarter, missing the Zacks’ consensus estimate of $0.57 by ($0.02). OGE Energy had a net margin of 28.26% and a return on equity of 10.74%. The firm had revenue of $567.00 million during the quarter, compared to the consensus estimate of $592.64 million. During the same quarter in the previous year, the company posted $0.52 earnings per share. The firm’s revenue was down 3.3% on a year-over-year basis. As a group, analysts expect that OGE Energy Corp. will post 2.03 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 30th. Stockholders of record on Wednesday, October 10th will be paid a $0.365 dividend. This represents a $1.46 dividend on an annualized basis and a dividend yield of 3.92%. This is a boost from OGE Energy’s previous quarterly dividend of $0.33. The ex-dividend date is Tuesday, October 9th. OGE Energy’s dividend payout ratio is presently 76.04%.
OGE Energy Company Profile
OGE Energy Corp., together with its subsidiaries, operates as an energy and energy services provider that offers physical delivery and related services for electricity and natural gas primarily in the south central United States. The company operates in two segments, Electric Utility and Natural Gas Midstream Operations.
Featured Article: Understanding Compound Annual Growth Rate (CAGR)
Want to see what other hedge funds are holding OGE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for OGE Energy Corp. (NYSE:OGE).
Receive News & Ratings for OGE Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for OGE Energy and related companies with MarketBeat.com's FREE daily email newsletter.