OGE Energy Corp. (NYSE:OGE) Stock Holdings Reduced by Oak Thistle LLC

Oak Thistle LLC cut its position in shares of OGE Energy Corp. (NYSE:OGE) by 51.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,630 shares of the utilities provider’s stock after selling 17,597 shares during the period. Oak Thistle LLC’s holdings in OGE Energy were worth $686,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Harbor Capital Advisors Inc. raised its position in OGE Energy by 83.4% during the fourth quarter. Harbor Capital Advisors Inc. now owns 95,691 shares of the utilities provider’s stock valued at $3,947,000 after acquiring an additional 43,529 shares in the last quarter. Everence Capital Management Inc. bought a new position in shares of OGE Energy during the 4th quarter valued at $236,000. GAMMA Investing LLC lifted its stake in shares of OGE Energy by 24.9% in the 4th quarter. GAMMA Investing LLC now owns 5,483 shares of the utilities provider’s stock valued at $226,000 after purchasing an additional 1,093 shares during the last quarter. Inspire Trust Co. N.A. boosted its holdings in OGE Energy by 18.8% in the third quarter. Inspire Trust Co. N.A. now owns 107,570 shares of the utilities provider’s stock worth $4,413,000 after purchasing an additional 17,000 shares in the last quarter. Finally, Synovus Financial Corp increased its position in OGE Energy by 19.9% during the third quarter. Synovus Financial Corp now owns 19,291 shares of the utilities provider’s stock worth $791,000 after buying an additional 3,197 shares during the last quarter. 71.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

OGE has been the subject of a number of analyst reports. Jefferies Financial Group initiated coverage on OGE Energy in a research report on Thursday, September 19th. They issued a “buy” rating and a $46.00 price target for the company. Barclays upped their target price on OGE Energy from $39.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Monday, October 21st. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, OGE Energy has an average rating of “Hold” and a consensus price target of $40.50.

OGE Energy Trading Up 0.9 %

Shares of NYSE:OGE opened at $41.09 on Thursday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.51 and a current ratio of 0.86. The stock’s 50-day moving average is $42.09 and its 200-day moving average is $40.26. The company has a market cap of $8.26 billion, a P/E ratio of 21.29, a P/E/G ratio of 3.80 and a beta of 0.77. OGE Energy Corp. has a 52-week low of $32.06 and a 52-week high of $44.41.

OGE Energy (NYSE:OGE) last released its earnings results on Tuesday, November 5th. The utilities provider reported $1.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.03). OGE Energy had a net margin of 13.89% and a return on equity of 8.59%. The business had revenue of $965.40 million during the quarter, compared to analyst estimates of $1.02 billion. During the same period last year, the business earned $1.20 EPS. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. Equities research analysts predict that OGE Energy Corp. will post 2.14 earnings per share for the current year.

OGE Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Monday, January 6th will be paid a dividend of $0.4213 per share. This represents a $1.69 annualized dividend and a yield of 4.10%. The ex-dividend date of this dividend is Monday, January 6th. OGE Energy’s payout ratio is currently 87.05%.

Insider Buying and Selling at OGE Energy

In other OGE Energy news, VP Cristina F. Mcquistion sold 5,008 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $42.84, for a total value of $214,542.72. Following the completion of the transaction, the vice president now owns 20,918 shares of the company’s stock, valued at $896,127.12. This represents a 19.32 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.53% of the company’s stock.

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.