OGE Energy Corp. (NYSE:OGE) Stock Position Increased by UMB Bank n.a.

UMB Bank n.a. boosted its position in OGE Energy Corp. (NYSE:OGE) by 15.1% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,445 shares of the utilities provider’s stock after purchasing an additional 1,236 shares during the quarter. UMB Bank n.a.’s holdings in OGE Energy were worth $434,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Cetera Investment Advisers raised its position in shares of OGE Energy by 10.8% during the 4th quarter. Cetera Investment Advisers now owns 62,831 shares of the utilities provider’s stock worth $2,592,000 after buying an additional 6,135 shares in the last quarter. Jones Financial Companies Lllp raised its position in shares of OGE Energy by 38.2% during the 4th quarter. Jones Financial Companies Lllp now owns 24,085 shares of the utilities provider’s stock worth $993,000 after buying an additional 6,657 shares in the last quarter. CIBC Asset Management Inc raised its position in shares of OGE Energy by 5.1% during the 4th quarter. CIBC Asset Management Inc now owns 6,038 shares of the utilities provider’s stock worth $249,000 after buying an additional 295 shares in the last quarter. Hsbc Holdings PLC raised its position in shares of OGE Energy by 26.2% during the 4th quarter. Hsbc Holdings PLC now owns 8,812 shares of the utilities provider’s stock worth $363,000 after buying an additional 1,832 shares in the last quarter. Finally, Bleakley Financial Group LLC bought a new stake in shares of OGE Energy during the 4th quarter worth about $382,000. 71.84% of the stock is currently owned by institutional investors.

Insider Activity

In other news, VP Donnie O. Jones sold 11,351 shares of the business’s stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $44.06, for a total transaction of $500,125.06. Following the sale, the vice president now owns 43,932 shares in the company, valued at $1,935,643.92. The trade was a 20.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider William H. Sultemeier sold 6,650 shares of the business’s stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $45.54, for a total transaction of $302,841.00. Following the sale, the insider now owns 72,548 shares in the company, valued at $3,303,835.92. This represents a 8.40% decrease in their position. The disclosure for this sale can be found here. 0.55% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

OGE has been the topic of a number of recent analyst reports. Barclays upgraded shares of OGE Energy from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $45.00 to $47.00 in a research report on Thursday, June 5th. LADENBURG THALM/SH SH upgraded shares of OGE Energy to a “hold” rating in a research report on Friday, May 9th. Argus upgraded shares of OGE Energy from a “hold” rating to a “buy” rating and set a $47.00 price target on the stock in a research report on Friday, April 11th. Finally, Wells Fargo & Company boosted their target price on shares of OGE Energy from $46.00 to $47.00 and gave the stock an “equal weight” rating in a report on Thursday, May 1st. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, OGE Energy currently has an average rating of “Moderate Buy” and an average target price of $46.80.

OGE Energy Stock Up 0.5%

NYSE OGE opened at $44.01 on Wednesday. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.73 and a quick ratio of 0.51. The company’s 50 day simple moving average is $44.26 and its 200 day simple moving average is $43.55. OGE Energy Corp. has a 12 month low of $34.84 and a 12 month high of $46.91. The company has a market capitalization of $8.86 billion, a P/E ratio of 20.00, a PEG ratio of 3.30 and a beta of 0.59.

OGE Energy (NYSE:OGE) last released its earnings results on Wednesday, April 30th. The utilities provider reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.09. OGE Energy had a net margin of 14.79% and a return on equity of 9.71%. The business had revenue of $747.70 million for the quarter, compared to the consensus estimate of $695.59 million. During the same period in the previous year, the firm earned $0.09 EPS. The business’s revenue for the quarter was up 25.3% on a year-over-year basis. Equities research analysts expect that OGE Energy Corp. will post 2.27 earnings per share for the current fiscal year.

OGE Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Stockholders of record on Monday, July 7th will be issued a dividend of $0.4213 per share. The ex-dividend date of this dividend is Monday, July 7th. This represents a $1.69 dividend on an annualized basis and a dividend yield of 3.83%. OGE Energy’s dividend payout ratio is currently 69.42%.

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.