Nisa Investment Advisors LLC Sells 8,300 Shares of OGE Energy Corp. (NYSE:OGE)

Nisa Investment Advisors LLC lowered its position in OGE Energy Corp. (NYSE:OGE - Free Report) by 3.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 244,725 shares of the utilities provider's stock after selling 8,300 shares during the quarter. Nisa Investment Advisors LLC owned 0.12% of OGE Energy worth $10,095,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of OGE. B. Riley Wealth Advisors Inc. increased its position in shares of OGE Energy by 3.1% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 9,579 shares of the utilities provider's stock worth $342,000 after purchasing an additional 290 shares in the last quarter. Centennial Wealth Advisory LLC lifted its holdings in OGE Energy by 3.8% during the 3rd quarter. Centennial Wealth Advisory LLC now owns 8,120 shares of the utilities provider's stock worth $333,000 after buying an additional 300 shares in the last quarter. UMB Bank n.a. raised its position in shares of OGE Energy by 5.3% during the third quarter. UMB Bank n.a. now owns 7,694 shares of the utilities provider's stock worth $316,000 after acquiring an additional 390 shares during the last quarter. US Bancorp DE lifted its stake in shares of OGE Energy by 1.8% during the third quarter. US Bancorp DE now owns 24,335 shares of the utilities provider's stock valued at $998,000 after acquiring an additional 419 shares during the period. Finally, JBR Co Financial Management Inc boosted its holdings in OGE Energy by 0.7% in the third quarter. JBR Co Financial Management Inc now owns 73,545 shares of the utilities provider's stock valued at $3,017,000 after acquiring an additional 525 shares during the last quarter. 71.84% of the stock is owned by institutional investors.

OGE Energy Stock Up 0.1 %

Shares of NYSE OGE traded up $0.03 during mid-day trading on Friday, reaching $43.15. 1,129,212 shares of the company's stock were exchanged, compared to its average volume of 844,054. 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 fifty day simple moving average of $42.09 and a 200 day simple moving average of $40.58. OGE Energy Corp. has a twelve month low of $32.06 and a twelve month high of $44.41. The firm has a market capitalization of $8.67 billion, a price-to-earnings ratio of 22.35, a PEG ratio of 3.63 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 earnings per share for the quarter, missing analysts' consensus estimates of $1.12 by ($0.03). OGE Energy had a net margin of 13.89% and a return on equity of 8.59%. The company had revenue of $965.40 million during the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the previous year, the firm posted $1.20 EPS. The business's quarterly revenue was up 2.1% compared to the same quarter last year. As a group, equities analysts expect that OGE Energy Corp. will post 2.16 EPS for the current fiscal year.

OGE Energy Dividend Announcement

The company also recently declared 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. 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 dividend payout ratio is 87.05%.

Insider Activity

In related 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 transaction of $214,542.72. Following the completion of the transaction, the vice president now owns 20,918 shares in the company, valued at approximately $896,127.12. This represents a 19.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.53% of the company's stock.

Analyst Ratings Changes

Several brokerages have weighed in on OGE. Barclays dropped their price objective on OGE Energy from $43.00 to $42.00 and set an "equal weight" rating for the company in a report on Friday. Evercore ISI raised shares of OGE Energy from an "in-line" rating to an "outperform" rating and raised their price objective for the company from $40.00 to $47.00 in a research note on Tuesday. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $45.00.

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.