OGE Energy Corp. (NYSE:OGE) VP Sells $214,542.72 in Stock

OGE Energy Corp. (NYSE:OGE) VP Cristina F. Mcquistion sold 5,008 shares of the firm’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $42.84, for a total value of $214,542.72. Following the transaction, the vice president now owns 20,918 shares in the company, valued at approximately $896,127.12. This represents a 19.32 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

OGE Energy Stock Down 2.7 %

NYSE OGE traded down $1.15 during trading on Thursday, hitting $41.80. The company’s stock had a trading volume of 1,519,910 shares, compared to its average volume of 1,301,983. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.86 and a quick ratio of 0.51. OGE Energy Corp. has a fifty-two week low of $32.06 and a fifty-two week high of $44.09. The company has a market cap of $8.40 billion, a PE ratio of 22.11, a P/E/G ratio of 3.89 and a beta of 0.74. The business’s 50 day simple moving average is $40.74 and its 200-day simple moving average is $38.29.

OGE Energy (NYSE:OGE) last released its earnings results on Tuesday, November 5th. The utilities provider reported $1.09 EPS for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.03). OGE Energy had a return on equity of 8.59% and a net margin of 13.89%. The firm had revenue of $965.40 million for the quarter, compared to analyst estimates of $1.02 billion. During the same period last year, the firm earned $1.20 EPS. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. On average, equities analysts anticipate that OGE Energy Corp. will post 2.15 EPS for the current fiscal year.

OGE Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Monday, October 7th were given a dividend of $0.4213 per share. This is a boost from OGE Energy’s previous quarterly dividend of $0.42. This represents a $1.69 annualized dividend and a yield of 4.03%. The ex-dividend date was Monday, October 7th. OGE Energy’s dividend payout ratio (DPR) is currently 87.05%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Jefferies Financial Group began coverage on OGE Energy in a research note on Thursday, September 19th. They set a “buy” rating and a $46.00 price target on the stock. Barclays raised their price objective on OGE Energy from $39.00 to $42.00 and gave the company an “equal weight” rating in a research report on Monday, October 21st. Finally, Evercore ISI raised their price objective on OGE Energy from $36.00 to $40.00 and gave the company an “in-line” rating in a research report on Thursday, August 8th. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $39.40.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of OGE. V Square Quantitative Management LLC purchased a new stake in shares of OGE Energy in the third quarter valued at approximately $30,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of OGE Energy in the second quarter valued at approximately $35,000. Kimelman & Baird LLC purchased a new stake in shares of OGE Energy in the second quarter valued at approximately $38,000. Allspring Global Investments Holdings LLC increased its position in shares of OGE Energy by 23.1% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,483 shares of the utilities provider’s stock valued at $53,000 after buying an additional 278 shares in the last quarter. Finally, Fortitude Family Office LLC purchased a new stake in shares of OGE Energy in the third quarter valued at approximately $63,000. 71.84% of the stock is currently owned by hedge funds and other institutional investors.

About OGE Energy

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.