OGE Energy Corp. (NYSE:OGE) Holdings Lifted by IFM Investors Pty Ltd

IFM Investors Pty Ltd increased its holdings in OGE Energy Corp. (NYSE:OGE) by 3.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,919 shares of the utilities provider’s stock after acquiring an additional 884 shares during the period. IFM Investors Pty Ltd’s holdings in OGE Energy were worth $958,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of OGE. FCG Investment Co increased its holdings in shares of OGE Energy by 45.3% in the 1st quarter. FCG Investment Co now owns 14,204 shares of the utilities provider’s stock valued at $487,000 after purchasing an additional 4,429 shares during the period. State of Michigan Retirement System boosted its holdings in shares of OGE Energy by 2.5% during the first quarter. State of Michigan Retirement System now owns 49,214 shares of the utilities provider’s stock worth $1,688,000 after purchasing an additional 1,200 shares during the period. Pinnacle Bancorp Inc. grew its position in OGE Energy by 392.8% during the first quarter. Pinnacle Bancorp Inc. now owns 823 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 656 shares in the last quarter. Miller Howard Investments Inc. NY increased its stake in OGE Energy by 16.1% in the 1st quarter. Miller Howard Investments Inc. NY now owns 892,712 shares of the utilities provider’s stock valued at $30,620,000 after buying an additional 123,659 shares during the period. Finally, Global Assets Advisory LLC purchased a new stake in OGE Energy in the 1st quarter worth approximately $515,000. 71.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at OGE Energy

In other news, VP Cristina F. Mcquistion sold 4,187 shares of the business’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $33.92, for a total value of $142,023.04. Following the completion of the sale, the vice president now directly owns 25,926 shares in the company, valued at $879,409.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.53% of the company’s stock.

OGE Energy Stock Down 1.9 %

NYSE:OGE traded down $0.66 during trading hours on Friday, reaching $33.82. The company’s stock had a trading volume of 1,190,658 shares, compared to its average volume of 1,434,453. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.65 and a quick ratio of 0.30. The company has a market cap of $6.78 billion, a price-to-earnings ratio of 16.34, a price-to-earnings-growth ratio of 3.17 and a beta of 0.73. OGE Energy Corp. has a one year low of $31.25 and a one year high of $38.04. The business’s 50-day moving average is $33.64 and its 200-day moving average is $34.08.

OGE Energy (NYSE:OGE) last released its quarterly earnings results on Tuesday, February 20th. The utilities provider reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.04. The company had revenue of $566.70 million during the quarter, compared to the consensus estimate of $986.67 million. OGE Energy had a return on equity of 9.37% and a net margin of 15.59%. The firm’s revenue was down 20.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.25 EPS. Equities research analysts predict that OGE Energy Corp. will post 2.13 EPS for the current year.

OGE Energy Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 26th. Shareholders of record on Monday, April 8th were given a dividend of $0.418 per share. The ex-dividend date was Friday, April 5th. This represents a $1.67 dividend on an annualized basis and a yield of 4.94%. OGE Energy’s payout ratio is currently 80.68%.

Analyst Ratings Changes

OGE has been the topic of several research analyst reports. Barclays cut shares of OGE Energy from an “overweight” rating to an “equal weight” rating and set a $34.00 price target on the stock. in a report on Monday, April 22nd. TheStreet downgraded OGE Energy from a “b” rating to a “c+” rating in a research note on Wednesday, February 21st. StockNews.com raised OGE Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, April 23rd. Finally, LADENBURG THALM/SH SH lowered OGE Energy from a “buy” rating to a “neutral” rating and reduced their price target for the company from $36.00 to $34.00 in a report on Tuesday, January 16th. Five research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $33.40.

OGE Energy Company Profile

OGE Energy Corp., together with its subsidiaries, operates as an energy services provider in the United States. The company generates, transmits, distributes, and sells electric energy. In addition, it provides retail electric service to approximately 896,000 customers, which covers a service area of approximately 30,000 square miles in Oklahoma and western Arkansas; and owns and operates coal-fired, natural gas-fired, wind-powered, and solar-powered generating assets.