OGE Energy Corp. (NYSE:OGE) Shares Sold by Aurora Investment Counsel

Aurora Investment Counsel trimmed its stake in OGE Energy Corp. (NYSE:OGE - Free Report) by 72.8% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 10,860 shares of the utilities provider's stock after selling 29,090 shares during the quarter. Aurora Investment Counsel's holdings in OGE Energy were worth $445,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. ClearBridge Investments Ltd lifted its stake in OGE Energy by 2.7% in the second quarter. ClearBridge Investments Ltd now owns 5,829,222 shares of the utilities provider's stock valued at $208,103,000 after buying an additional 150,797 shares during the last quarter. Boston Partners lifted its stake in OGE Energy by 3.8% in the first quarter. Boston Partners now owns 3,815,848 shares of the utilities provider's stock valued at $130,878,000 after buying an additional 139,872 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in OGE Energy by 31.9% in the second quarter. Dimensional Fund Advisors LP now owns 2,197,585 shares of the utilities provider's stock valued at $78,453,000 after buying an additional 531,730 shares during the last quarter. International Assets Investment Management LLC lifted its stake in OGE Energy by 3,834.0% in the third quarter. International Assets Investment Management LLC now owns 748,608 shares of the utilities provider's stock valued at $30,708,000 after buying an additional 729,579 shares during the last quarter. Finally, Verity & Verity LLC lifted its stake in OGE Energy by 0.8% in the third quarter. Verity & Verity LLC now owns 516,501 shares of the utilities provider's stock valued at $21,187,000 after buying an additional 3,936 shares during the last quarter. 71.84% of the stock is currently owned by institutional investors.

OGE Energy Price Performance

NYSE:OGE opened at $43.11 on Thursday. The business's 50-day moving average price is $41.04 and its 200 day moving average price is $38.57. The firm has a market cap of $8.66 billion, a P/E ratio of 22.34, a PEG ratio of 3.88 and a beta of 0.74. OGE Energy Corp. has a 52-week low of $32.06 and a 52-week high of $44.09. 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 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 analyst estimates 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 was up 2.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.20 earnings per share. As a group, sell-side analysts predict that OGE Energy Corp. will post 2.15 earnings per share for the current fiscal year.

OGE Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Monday, October 7th were paid a $0.4213 dividend. The ex-dividend date was Monday, October 7th. This represents a $1.69 dividend on an annualized basis and a yield of 3.91%. This is a boost from OGE Energy's previous quarterly dividend of $0.42. OGE Energy's dividend payout ratio (DPR) is currently 87.05%.

Insider Buying and Selling

In related news, VP Cristina F. Mcquistion sold 5,008 shares of OGE Energy 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 transaction, the vice president now owns 20,918 shares of the company's stock, valued at approximately $896,127.12. This trade represents a 19.32 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.53% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on OGE. Barclays raised their target price on 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 initiated coverage on shares of OGE Energy in a research note on Thursday, September 19th. They set a "buy" rating and a $46.00 price objective on the stock. Finally, Evercore ISI lifted their price objective on shares of OGE Energy from $36.00 to $40.00 and gave the company an "in-line" rating in a research note on Thursday, August 8th. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, OGE Energy currently has an average rating of "Hold" and an average target price of $39.40.

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.

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