International Assets Investment Management LLC Sells 726,347 Shares of OGE Energy Corp. (NYSE:OGE)

International Assets Investment Management LLC decreased its position in shares of OGE Energy Corp. (NYSE:OGE - Free Report) by 97.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 22,261 shares of the utilities provider's stock after selling 726,347 shares during the quarter. International Assets Investment Management LLC's holdings in OGE Energy were worth $919,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Victory Capital Management Inc. grew its position in shares of OGE Energy by 198.1% during the 2nd quarter. Victory Capital Management Inc. now owns 293,217 shares of the utilities provider's stock worth $10,468,000 after buying an additional 194,839 shares during the period. Private Advisor Group LLC raised its position in shares of OGE Energy by 198.3% during the 2nd quarter. Private Advisor Group LLC now owns 18,562 shares of the utilities provider's stock valued at $663,000 after acquiring an additional 12,339 shares during the last quarter. Savant Capital LLC bought a new position in shares of OGE Energy in the 2nd quarter worth $519,000. Choreo LLC acquired a new stake in shares of OGE Energy during the second quarter worth $421,000. Finally, State of New Jersey Common Pension Fund D increased its holdings in OGE Energy by 17.5% in the second quarter. State of New Jersey Common Pension Fund D now owns 118,123 shares of the utilities provider's stock valued at $4,217,000 after purchasing an additional 17,578 shares during the last quarter. 71.84% of the stock is currently owned by institutional investors.

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 value of $214,542.72. Following the completion of the sale, the vice president now owns 20,918 shares in the company, valued at $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 available through this link. 0.53% of the stock is owned by corporate insiders.

Analyst Ratings Changes

OGE has been the topic of a number of recent analyst reports. Barclays raised their target price on 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 assumed coverage on shares of OGE Energy in a report on Thursday, September 19th. They set a "buy" rating and a $46.00 price objective for the company. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $40.50.

OGE Energy Stock Down 2.6 %

Shares of OGE stock traded down $1.07 during trading hours on Friday, hitting $39.78. 858,362 shares of the company were exchanged, compared to its average volume of 841,760. OGE Energy Corp. has a 52 week low of $32.06 and a 52 week high of $44.41. 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 business has a 50 day moving average of $42.11 and a two-hundred day moving average of $40.09. The company 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 (NYSE:OGE - Get Free Report) last released 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). The firm 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 for the quarter was up 2.1% on a year-over-year basis. During the same quarter last year, the company posted $1.20 EPS. Analysts anticipate that OGE Energy Corp. will post 2.14 earnings per share for the current fiscal year.

OGE Energy Dividend Announcement

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

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.