Inspire Investing LLC Trims Position in OGE Energy Corp. (NYSE:OGE)

Inspire Investing LLC lowered its stake in OGE Energy Corp. (NYSE:OGE - Free Report) by 35.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,106 shares of the utilities provider's stock after selling 8,711 shares during the period. Inspire Investing LLC's holdings in OGE Energy were worth $664,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. American Century Companies Inc. boosted its position in OGE Energy by 4.4% during the 2nd quarter. American Century Companies Inc. now owns 64,034 shares of the utilities provider's stock worth $2,286,000 after buying an additional 2,705 shares during the period. Dimensional Fund Advisors LP increased its holdings in OGE Energy by 31.9% in the second quarter. Dimensional Fund Advisors LP now owns 2,197,585 shares of the utilities provider's stock valued at $78,453,000 after purchasing an additional 531,730 shares during the period. Intech Investment Management LLC bought a new position in OGE Energy during the 2nd quarter worth $423,000. Pacer Advisors Inc. lifted its holdings in OGE Energy by 35.4% during the 2nd quarter. Pacer Advisors Inc. now owns 40,982 shares of the utilities provider's stock worth $1,463,000 after buying an additional 10,724 shares during the period. Finally, Sei Investments Co. grew its position in shares of OGE Energy by 8.2% in the 2nd quarter. Sei Investments Co. now owns 86,249 shares of the utilities provider's stock valued at $3,080,000 after buying an additional 6,536 shares during the last quarter. Institutional investors own 71.84% of the company's stock.

Insider Buying and Selling at OGE Energy

In related news, VP Cristina F. Mcquistion sold 5,008 shares of the stock in a transaction that occurred 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 completion of the sale, the vice president now directly owns 20,918 shares of the company's stock, valued at approximately $896,127.12. This trade represents a 19.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.53% of the company's stock.

OGE Energy Stock Up 0.1 %

NYSE OGE traded up $0.03 on Friday, hitting $43.15. 1,129,212 shares of the company were exchanged, compared to its average volume of 653,979. The stock has a fifty day moving average of $42.09 and a 200-day moving average of $40.62. OGE Energy Corp. has a 12 month low of $32.06 and a 12 month high of $44.41. The company has a market cap of $8.67 billion, a PE ratio of 22.35, a PEG ratio of 3.63 and a beta of 0.77. The company has a current ratio of 0.86, a quick ratio of 0.51 and a debt-to-equity ratio of 1.09.

OGE Energy (NYSE:OGE - Get Free Report) last announced its quarterly earnings results on Tuesday, November 5th. The utilities provider reported $1.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.12 by ($0.03). OGE Energy had a return on equity of 8.59% and a net margin of 13.89%. The firm had revenue of $965.40 million during the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the previous year, the company posted $1.20 EPS. The firm's revenue was up 2.1% on a year-over-year basis. As a group, analysts forecast that OGE Energy Corp. will post 2.16 earnings per share for the current year.

OGE Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Monday, January 6th will be given a dividend of $0.4213 per share. This represents a $1.69 annualized dividend and a dividend yield of 3.91%. The ex-dividend date is Monday, January 6th. OGE Energy's payout ratio is presently 87.05%.

Analyst Upgrades and Downgrades

OGE has been the topic of a number of recent analyst reports. Evercore ISI raised OGE Energy from an "in-line" rating to an "outperform" rating and lifted their price objective for the stock from $40.00 to $47.00 in a research note on Tuesday. Barclays dropped their price target on shares of OGE Energy from $43.00 to $42.00 and set an "equal weight" rating on the stock in a research report on Friday. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $45.00.

OGE Energy Company 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.