State of Alaska Department of Revenue Sells 295 Shares of OGE Energy Corp. (NYSE:OGE)

State of Alaska Department of Revenue lowered its holdings in OGE Energy Corp. (NYSE:OGE) by 0.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 300,480 shares of the utilities provider’s stock after selling 295 shares during the period. State of Alaska Department of Revenue owned approximately 0.15% of OGE Energy worth $12,394,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. GAMMA Investing LLC increased its holdings in OGE Energy by 18.3% during the 3rd quarter. GAMMA Investing LLC now owns 4,390 shares of the utilities provider’s stock worth $180,000 after acquiring an additional 679 shares during the period. UMB Bank n.a. increased its holdings in OGE Energy by 5.3% during the 3rd quarter. UMB Bank n.a. now owns 7,694 shares of the utilities provider’s stock worth $316,000 after acquiring an additional 390 shares during the period. Quotient Wealth Partners LLC bought a new stake in OGE Energy during the 3rd quarter worth approximately $201,000. JBR Co Financial Management Inc increased its holdings in OGE Energy by 0.7% during the 3rd quarter. JBR Co Financial Management Inc now owns 73,545 shares of the utilities provider’s stock worth $3,017,000 after acquiring an additional 525 shares during the period. Finally, Creative Planning increased its holdings in OGE Energy by 5.9% during the 3rd quarter. Creative Planning now owns 123,187 shares of the utilities provider’s stock worth $5,053,000 after acquiring an additional 6,894 shares during the period. Institutional investors own 71.84% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on OGE shares. Evercore ISI raised shares of OGE Energy from an “in-line” rating to an “outperform” rating and upped their target price for the stock from $40.00 to $47.00 in a report on Tuesday, January 21st. Barclays decreased their target price on shares of OGE Energy from $43.00 to $42.00 and set an “equal weight” rating on the stock in a report on Friday, January 24th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, OGE Energy currently has an average rating of “Hold” and an average price target of $45.00.

OGE Energy Price Performance

OGE stock opened at $42.52 on Friday. 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 one year low of $32.06 and a one year high of $44.41. The stock has a market cap of $8.55 billion, a PE ratio of 22.03, a P/E/G ratio of 3.15 and a beta of 0.78. The firm has a 50 day simple moving average of $41.87 and a two-hundred day simple moving average of $40.95.

OGE Energy (NYSE:OGE) last announced its quarterly earnings data 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 analysts’ expectations of $1.02 billion. During the same period last year, the company posted $1.20 EPS. OGE Energy’s revenue for the quarter was up 2.1% on a year-over-year basis. On average, analysts predict that OGE Energy Corp. will post 2.17 EPS for the current fiscal year.

OGE Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Monday, January 6th were paid a $0.4213 dividend. The ex-dividend date was Monday, January 6th. This represents a $1.69 dividend on an annualized basis and a dividend yield of 3.96%. OGE Energy’s dividend payout ratio (DPR) is 87.05%.

Insider Activity

In other OGE Energy news, VP Cristina F. Mcquistion sold 5,008 shares of the stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $42.84, for a total transaction of $214,542.72. Following the completion of the sale, 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.53% of the stock is owned by corporate 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.