Holocene Advisors LP Lowers Stake in OGE Energy Corp. (NYSE:OGE)

Holocene Advisors LP trimmed its holdings in OGE Energy Corp. (NYSE:OGE - Free Report) by 86.1% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,041 shares of the utilities provider's stock after selling 117,713 shares during the quarter. Holocene Advisors LP's holdings in OGE Energy were worth $781,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Centiva Capital LP acquired a new position in shares of OGE Energy in the 3rd quarter valued at approximately $1,200,000. PDT Partners LLC acquired a new stake in OGE Energy during the 3rd quarter valued at $318,000. Verition Fund Management LLC lifted its holdings in OGE Energy by 25.2% during the 3rd quarter. Verition Fund Management LLC now owns 1,318,556 shares of the utilities provider's stock valued at $54,087,000 after purchasing an additional 265,115 shares during the last quarter. Captrust Financial Advisors lifted its holdings in OGE Energy by 6.3% during the 3rd quarter. Captrust Financial Advisors now owns 27,080 shares of the utilities provider's stock valued at $1,111,000 after purchasing an additional 1,607 shares during the last quarter. Finally, Rockefeller Capital Management L.P. lifted its holdings in OGE Energy by 3.2% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 17,701 shares of the utilities provider's stock valued at $724,000 after purchasing an additional 553 shares during the last quarter. 71.84% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on OGE. Barclays increased their target price on shares of OGE Energy from $39.00 to $42.00 and gave the stock an "equal weight" rating in a report on Monday, October 21st. Jefferies Financial Group initiated coverage on shares of OGE Energy in a research report on Thursday, September 19th. They set a "buy" rating and a $46.00 target price for the company. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $40.50.

OGE Energy Trading Down 1.9 %

NYSE:OGE traded down $0.80 during midday trading on Friday, reaching $42.30. 816,356 shares of the stock traded hands, compared to its average volume of 1,066,159. OGE Energy Corp. has a 12 month low of $32.06 and a 12 month high of $44.41. 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 company has a fifty day moving average of $41.70 and a 200 day moving average of $39.17. The stock has a market capitalization of $8.50 billion, a P/E ratio of 21.92, a PEG ratio of 3.88 and a beta of 0.77.

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

OGE Energy Announces Dividend

The firm 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 $0.4213 dividend. The ex-dividend date is Monday, January 6th. This represents a $1.69 dividend on an annualized basis and a dividend yield of 3.98%. OGE Energy's payout ratio is currently 87.05%.

Insider Activity at OGE Energy

In related news, VP Cristina F. Mcquistion sold 5,008 shares of the business's 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 transaction, the vice president now directly owns 20,918 shares in the company, valued at $896,127.12. The trade was a 19.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.53% of the stock is currently owned by 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.