Waverton Investment Management Ltd Boosts Position in OGE Energy Corp. (OGE)

Waverton Investment Management Ltd increased its position in shares of OGE Energy Corp. (NYSE:OGE) by 3.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 21,723 shares of the utilities provider’s stock after buying an additional 721 shares during the quarter. Waverton Investment Management Ltd’s holdings in OGE Energy were worth $851,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the stock. State of Alaska Department of Revenue raised its stake in OGE Energy by 2.0% during the 4th quarter. State of Alaska Department of Revenue now owns 21,185 shares of the utilities provider’s stock worth $830,000 after buying an additional 411 shares during the period. Retirement Systems of Alabama raised its stake in OGE Energy by 0.3% during the 4th quarter. Retirement Systems of Alabama now owns 258,964 shares of the utilities provider’s stock worth $10,149,000 after buying an additional 848 shares during the period. First Hawaiian Bank raised its stake in OGE Energy by 42.0% during the 4th quarter. First Hawaiian Bank now owns 3,719 shares of the utilities provider’s stock worth $146,000 after buying an additional 1,100 shares during the period. Verition Fund Management LLC raised its stake in OGE Energy by 11.3% during the 2nd quarter. Verition Fund Management LLC now owns 13,391 shares of the utilities provider’s stock worth $471,000 after buying an additional 1,364 shares during the period. Finally, Alliancebernstein L.P. raised its stake in OGE Energy by 1.0% during the 3rd quarter. Alliancebernstein L.P. now owns 137,549 shares of the utilities provider’s stock worth $4,996,000 after buying an additional 1,390 shares during the period. 62.48% of the stock is currently owned by institutional investors and hedge funds.

In related news, VP Cristina F. Mcquistion sold 4,000 shares of the stock in a transaction on Monday, November 12th. The stock was sold at an average price of $38.53, for a total value of $154,120.00. Following the sale, the vice president now owns 7,335 shares in the company, valued at $282,617.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Patricia D. Horn sold 10,000 shares of the stock in a transaction on Monday, November 19th. The stock was sold at an average price of $39.50, for a total value of $395,000.00. The disclosure for this sale can be found here. Company insiders own 0.44% of the company’s stock.

Shares of OGE Energy stock traded down $0.33 on Monday, hitting $39.39. The company had a trading volume of 8,022 shares, compared to its average volume of 1,713,963. The company has a market cap of $7.88 billion, a PE ratio of 20.43, a price-to-earnings-growth ratio of 3.58 and a beta of 0.54. OGE Energy Corp. has a 1 year low of $29.59 and a 1 year high of $41.80. The company has a quick ratio of 0.53, a current ratio of 0.76 and a debt-to-equity ratio of 0.72.

OGE Energy (NYSE:OGE) last posted its quarterly earnings results on Thursday, November 8th. The utilities provider reported $1.02 EPS for the quarter, topping the Zacks’ consensus estimate of $0.94 by $0.08. OGE Energy had a return on equity of 11.01% and a net margin of 29.45%. The firm had revenue of $698.80 million during the quarter, compared to analyst estimates of $745.58 million. During the same period last year, the company earned $0.92 earnings per share. The business’s revenue for the quarter was down 2.8% on a year-over-year basis. As a group, research analysts anticipate that OGE Energy Corp. will post 2.07 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 30th. Investors of record on Thursday, January 10th will be given a $0.365 dividend. The ex-dividend date is Wednesday, January 9th. This represents a $1.46 dividend on an annualized basis and a dividend yield of 3.71%. OGE Energy’s dividend payout ratio (DPR) is presently 76.04%.

A number of research analysts recently weighed in on the company. Guggenheim downgraded OGE Energy from a “buy” rating to a “neutral” rating in a research note on Monday, January 7th. They noted that the move was a valuation call. Barclays set a $37.00 price target on OGE Energy and gave the stock a “sell” rating in a research note on Saturday, November 17th. ValuEngine raised OGE Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, November 13th. Zacks Investment Research reaffirmed a “hold” rating on shares of OGE Energy in a research note on Monday, December 31st. Finally, Bank of America downgraded OGE Energy from a “buy” rating to a “neutral” rating and set a $39.00 price objective for the company. in a research note on Tuesday, November 27th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $36.80.

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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.

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

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