Harbor Capital Advisors Inc. Has $3.95 Million Position in OGE Energy Corp. (NYSE:OGE)

Harbor Capital Advisors Inc. lifted its holdings in shares of OGE Energy Corp. (NYSE:OGE - Free Report) by 83.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 95,691 shares of the utilities provider's stock after buying an additional 43,529 shares during the period. Harbor Capital Advisors Inc.'s holdings in OGE Energy were worth $3,947,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in OGE. B. Riley Wealth Advisors Inc. grew its stake in shares of OGE Energy by 3.1% in the second 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 grew its position 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 in the last quarter. UMB Bank n.a. grew its position in OGE Energy by 5.3% in the 3rd quarter. UMB Bank n.a. now owns 7,694 shares of the utilities provider's stock valued at $316,000 after buying an additional 390 shares in the last quarter. US Bancorp DE increased its stake in OGE Energy by 1.8% during the 3rd quarter. US Bancorp DE now owns 24,335 shares of the utilities provider's stock valued at $998,000 after buying an additional 419 shares during the period. Finally, JBR Co Financial Management Inc raised its position in shares of OGE Energy by 0.7% during the 3rd quarter. JBR Co Financial Management Inc now owns 73,545 shares of the utilities provider's stock worth $3,017,000 after buying an additional 525 shares in the last quarter. 71.84% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Barclays raised 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. Jefferies Financial Group began coverage on OGE Energy in a research report on Thursday, September 19th. They set a "buy" rating and a $46.00 price target on the stock. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $40.50.

Insider Transactions at OGE Energy

In related news, VP Cristina F. Mcquistion sold 5,008 shares of the stock in a transaction dated Wednesday, November 13th. The stock was 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 directly owns 20,918 shares of the company's stock, valued at approximately $896,127.12. This represents a 19.32 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.53% of the stock is currently owned by insiders.

OGE Energy Price Performance

NYSE:OGE traded down $1.07 during trading hours on Friday, reaching $39.78. 858,362 shares of the company's stock were exchanged, compared to its average volume of 841,760. The company has a market capitalization of $7.99 billion, a P/E ratio of 20.61, a price-to-earnings-growth ratio of 3.80 and a beta of 0.77. OGE Energy Corp. has a 12 month low of $32.06 and a 12 month high of $44.41. The business's 50-day simple moving average is $42.12 and its two-hundred day simple moving average is $40.15. The company has a quick ratio of 0.51, a current ratio of 0.86 and a debt-to-equity ratio of 1.09.

OGE Energy (NYSE:OGE - Get Free Report) last issued 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 during the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the previous year, the firm earned $1.20 earnings per share. The business's revenue was up 2.1% compared to the same quarter last year. Sell-side analysts expect that OGE Energy Corp. will post 2.14 EPS for the current fiscal year.

OGE Energy Dividend Announcement

The company 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 $0.4213 dividend. This represents a $1.69 annualized dividend and a dividend yield of 4.24%. The ex-dividend date is Monday, January 6th. OGE Energy's dividend payout ratio (DPR) is currently 87.05%.

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.