OGE Energy Corp. (NYSE:OGE) Position Trimmed by Aurora Investment Counsel

Aurora Investment Counsel lessened its holdings in shares of OGE Energy Corp. (NYSE:OGE) by 72.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,860 shares of the utilities provider’s stock after selling 29,090 shares during the quarter. Aurora Investment Counsel’s holdings in OGE Energy were worth $445,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Prospera Private Wealth LLC grew its stake in OGE Energy by 118.3% during the 3rd quarter. Prospera Private Wealth LLC now owns 49,133 shares of the utilities provider’s stock valued at $2,015,000 after acquiring an additional 26,627 shares in the last quarter. Verity & Verity LLC lifted its holdings in shares of OGE Energy by 0.8% during the 3rd quarter. Verity & Verity LLC now owns 516,501 shares of the utilities provider’s stock valued at $21,187,000 after buying an additional 3,936 shares during the last quarter. Quest Partners LLC acquired a new stake in shares of OGE Energy during the 3rd quarter valued at about $1,744,000. Natixis Advisors LLC lifted its holdings in shares of OGE Energy by 12.5% during the 3rd quarter. Natixis Advisors LLC now owns 72,751 shares of the utilities provider’s stock valued at $2,984,000 after buying an additional 8,060 shares during the last quarter. Finally, CIBC Asset Management Inc acquired a new stake in shares of OGE Energy during the 3rd quarter valued at about $236,000. Hedge funds and other institutional investors own 71.84% of the company’s stock.

OGE Energy Stock Down 0.1 %

Shares of OGE Energy stock opened at $43.11 on Thursday. OGE Energy Corp. has a 12-month low of $32.06 and a 12-month high of $44.09. The company has a quick ratio of 0.51, a current ratio of 0.86 and a debt-to-equity ratio of 1.09. The stock has a market capitalization of $8.66 billion, a P/E ratio of 22.34, a PEG ratio of 3.88 and a beta of 0.74. The stock has a 50 day moving average price of $41.04 and a two-hundred day moving average price of $38.57.

OGE Energy (NYSE:OGE) last posted its quarterly earnings data on Tuesday, November 5th. The utilities provider reported $1.09 earnings per share for the quarter, missing the consensus estimate 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 the consensus estimate of $1.02 billion. During the same period in the prior year, the company posted $1.20 earnings per share. The firm’s revenue was up 2.1% compared to the same quarter last year. Equities analysts expect that OGE Energy Corp. will post 2.15 earnings per share for the current year.

OGE Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Monday, October 7th were given a $0.4213 dividend. This represents a $1.69 annualized dividend and a dividend yield of 3.91%. This is a boost from OGE Energy’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Monday, October 7th. OGE Energy’s dividend payout ratio is currently 87.05%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Jefferies Financial Group assumed coverage on OGE Energy in a report on Thursday, September 19th. They set a “buy” rating and a $46.00 price target for the company. Evercore ISI lifted their price target on OGE Energy from $36.00 to $40.00 and gave the company an “in-line” rating in a report on Thursday, August 8th. Finally, 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. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $39.40.

Insider Activity

In related news, VP Cristina F. Mcquistion sold 5,008 shares of the company’s stock in a transaction 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 directly owns 20,918 shares in the company, valued at approximately $896,127.12. This represents a 19.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.53% of the stock is owned by company insiders.

OGE Energy 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.