Inspire Trust Co. N.A. Has $4.41 Million Position in OGE Energy Corp. (NYSE:OGE)

Inspire Trust Co. N.A. grew its holdings in OGE Energy Corp. (NYSE:OGE - Free Report) by 18.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 107,570 shares of the utilities provider's stock after purchasing an additional 17,000 shares during the period. OGE Energy makes up 1.2% of Inspire Trust Co. N.A.'s portfolio, making the stock its 21st biggest position. Inspire Trust Co. N.A. owned about 0.05% of OGE Energy worth $4,413,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Allspring Global Investments Holdings LLC boosted its position in OGE Energy by 23.1% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,483 shares of the utilities provider's stock worth $53,000 after acquiring an additional 278 shares during the period. B. Riley Wealth Advisors Inc. grew its position in OGE Energy by 3.1% during the second quarter. B. Riley Wealth Advisors Inc. now owns 9,579 shares of the utilities provider's stock valued at $342,000 after purchasing an additional 290 shares in the last quarter. Centennial Wealth Advisory LLC increased its stake in OGE Energy by 3.8% in the 3rd quarter. Centennial Wealth Advisory LLC now owns 8,120 shares of the utilities provider's stock valued at $333,000 after buying an additional 300 shares during the period. Fifth Third Bancorp lifted its position in OGE Energy by 3.2% in the 2nd quarter. Fifth Third Bancorp now owns 9,856 shares of the utilities provider's stock worth $352,000 after buying an additional 303 shares in the last quarter. Finally, Blue Trust Inc. boosted its stake in shares of OGE Energy by 12.8% during the 2nd quarter. Blue Trust Inc. now owns 2,742 shares of the utilities provider's stock valued at $94,000 after buying an additional 312 shares during the period. Institutional investors and hedge funds own 71.84% of the company's stock.

OGE Energy Stock Up 0.0 %

NYSE OGE traded up $0.01 during trading on Friday, hitting $42.05. 721,531 shares of the company traded hands, compared to its average volume of 1,270,740. OGE Energy Corp. has a 12 month low of $32.06 and a 12 month high of $44.41. The business has a fifty day simple moving average of $41.78 and a 200 day simple moving average of $39.30. The company has a market capitalization of $8.45 billion, a P/E ratio of 21.79, a PEG ratio of 3.80 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 earnings results 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 return on equity of 8.59% and a net margin of 13.89%. The company had revenue of $965.40 million for the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the previous year, the company earned $1.20 EPS. The firm's revenue for the quarter was up 2.1% compared to the same quarter last year. As a group, sell-side analysts predict that OGE Energy Corp. will post 2.14 EPS for the current year.

OGE Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Monday, January 6th will be given a $0.4213 dividend. This represents a $1.69 annualized dividend and a dividend yield of 4.01%. The ex-dividend date of this dividend is Monday, January 6th. OGE Energy's dividend payout ratio is currently 87.05%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on OGE. Jefferies Financial Group assumed coverage on OGE Energy in a report on Thursday, September 19th. They set a "buy" rating and a $46.00 price objective for the company. Barclays raised their price target 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 investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $40.50.

Insider Transactions at OGE Energy

In other news, VP Cristina F. Mcquistion sold 5,008 shares of the firm's stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $42.84, for a total value 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 trade represents a 19.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.53% of the stock is currently owned by corporate insiders.

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.