Harbor Capital Advisors Inc. Has $3.95 Million Holdings in OGE Energy Corp. (NYSE:OGE)

Harbor Capital Advisors Inc. increased its holdings in OGE Energy Corp. (NYSE:OGE) by 83.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 95,691 shares of the utilities provider’s stock after purchasing an additional 43,529 shares during the period. Harbor Capital Advisors Inc.’s holdings in OGE Energy were worth $3,947,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. V Square Quantitative Management LLC acquired a new position in shares of OGE Energy during the 3rd quarter valued at about $30,000. Kimelman & Baird LLC bought a new stake in OGE Energy during the second quarter worth approximately $38,000. Fortitude Family Office LLC bought a new position in shares of OGE Energy in the third quarter valued at approximately $63,000. Wilmington Savings Fund Society FSB bought a new position in shares of OGE Energy in the third quarter valued at approximately $134,000. Finally, Blue Trust Inc. boosted its holdings in shares of OGE Energy by 45.1% during the 3rd quarter. Blue Trust Inc. now owns 3,978 shares of the utilities provider’s stock worth $163,000 after buying an additional 1,236 shares during the period. 71.84% of the stock is owned by institutional investors and hedge funds.

OGE Energy Price Performance

Shares of NYSE:OGE opened at $39.78 on Friday. The business’s 50 day moving average is $42.11 and its 200-day moving average is $40.09. The company has a current ratio of 0.86, a quick ratio of 0.51 and a debt-to-equity ratio of 1.09. The firm has a market capitalization of $7.99 billion, a PE ratio of 20.61, a PEG ratio of 3.80 and a beta of 0.77. OGE Energy Corp. has a 1-year low of $32.06 and a 1-year high of $44.41.

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

OGE Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Monday, January 6th will be paid a dividend of $0.4213 per share. The ex-dividend date is Monday, January 6th. This represents a $1.69 annualized dividend and a yield of 4.24%. OGE Energy’s dividend payout ratio is 87.05%.

Insider Transactions at OGE Energy

In other news, VP Cristina F. Mcquistion sold 5,008 shares of the stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $42.84, for a total transaction of $214,542.72. Following the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on OGE. Jefferies Financial Group assumed coverage on shares of OGE Energy in a report on Thursday, September 19th. They issued a “buy” rating and a $46.00 target price on the stock. Barclays lifted their price objective on OGE Energy from $39.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Monday, October 21st. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $40.50.

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.