National Bank of Canada FI Makes New Investment in OGE Energy Corp. (NYSE:OGE)

National Bank of Canada FI bought a new stake in OGE Energy Corp. (NYSE:OGE - Free Report) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm bought 100,100 shares of the utilities provider's stock, valued at approximately $4,106,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Virtus Investment Advisers Inc. acquired a new position in shares of OGE Energy during the third quarter worth $586,000. State Street Corp grew its position in OGE Energy by 2.8% during the 3rd quarter. State Street Corp now owns 6,836,303 shares of the utilities provider's stock worth $280,425,000 after acquiring an additional 185,069 shares during the last quarter. Quantinno Capital Management LP increased its holdings in OGE Energy by 42.4% in the 3rd quarter. Quantinno Capital Management LP now owns 36,449 shares of the utilities provider's stock worth $1,495,000 after purchasing an additional 10,860 shares in the last quarter. Quarry LP bought a new position in OGE Energy in the third quarter valued at about $212,000. Finally, Royal London Asset Management Ltd. boosted its stake in shares of OGE Energy by 8.2% during the third quarter. Royal London Asset Management Ltd. now owns 632,359 shares of the utilities provider's stock valued at $25,939,000 after purchasing an additional 48,047 shares in the last quarter. Institutional investors own 71.84% of the company's stock.

Insider Buying and Selling

In other 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 owns 20,918 shares of the company's stock, valued at approximately $896,127.12. This represents a 19.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.53% of the stock is owned by company insiders.

Analysts Set New Price Targets

OGE has been the subject of a number of analyst reports. Jefferies Financial Group assumed coverage on shares of OGE Energy in a research note on Thursday, September 19th. They set a "buy" rating and a $46.00 target price for the company. Barclays lifted their price objective on shares of OGE Energy from $39.00 to $42.00 and gave the company an "equal weight" rating in a research note on Monday, October 21st. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $40.50.

OGE Energy Stock Performance

OGE stock traded up $0.01 during midday trading on Friday, reaching $42.05. 721,450 shares of the company's stock traded hands, compared to its average volume of 1,269,156. The firm has a market capitalization of $8.45 billion, a PE ratio of 21.78, a price-to-earnings-growth ratio of 3.80 and a beta of 0.77. The company has a 50-day moving average price of $41.78 and a two-hundred day moving average price of $39.30. OGE Energy Corp. has a 52 week low of $32.06 and a 52 week 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.

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 analysts' consensus estimates of $1.12 by ($0.03). The firm had revenue of $965.40 million during the quarter, compared to analysts' expectations of $1.02 billion. OGE Energy had a return on equity of 8.59% and a net margin of 13.89%. The company's quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.20 earnings per share. As a group, equities analysts anticipate that OGE Energy Corp. will post 2.14 EPS for the current year.

OGE Energy Announces Dividend

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