Pacer Advisors Inc. Has $1.24 Million Stock Holdings in OGE Energy Corp. (NYSE:OGE)

Pacer Advisors Inc. reduced its stake in shares of OGE Energy Corp. (NYSE:OGE - Free Report) by 24.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,961 shares of the utilities provider's stock after selling 9,791 shares during the quarter. Pacer Advisors Inc.'s holdings in OGE Energy were worth $1,236,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of OGE. V Square Quantitative Management LLC bought a new position in OGE Energy in the 3rd quarter valued at $30,000. Fortitude Family Office LLC bought a new position in OGE Energy in the third quarter valued at about $63,000. Wilmington Savings Fund Society FSB acquired a new stake in OGE Energy in the third quarter worth about $134,000. Blue Trust Inc. increased its position in OGE Energy by 45.1% in the third quarter. Blue Trust Inc. now owns 3,978 shares of the utilities provider's stock worth $163,000 after purchasing an additional 1,236 shares during the period. Finally, Eastern Bank bought a new stake in OGE Energy during the 3rd quarter worth about $178,000. Institutional investors and hedge funds own 71.84% of the company's stock.

OGE Energy Trading Down 0.2 %

OGE Energy stock traded down $0.10 during midday trading on Thursday, hitting $42.52. 655,476 shares of the stock were exchanged, compared to its average volume of 889,832. The stock has a market capitalization of $8.55 billion, a PE ratio of 22.03, a P/E/G ratio of 3.15 and a beta of 0.78. The company has a fifty day simple moving average of $41.87 and a two-hundred day simple moving average of $40.95. 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 Corp. has a 52 week low of $32.06 and a 52 week high of $44.41.

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). 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%. The company's revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.20 earnings per share. Equities research analysts anticipate that OGE Energy Corp. will post 2.17 EPS for the current fiscal year.

OGE Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Monday, January 6th were given a dividend of $0.4213 per share. This represents a $1.69 dividend on an annualized basis and a dividend yield of 3.96%. The ex-dividend date was Monday, January 6th. OGE Energy's dividend payout ratio is currently 87.05%.

Insider Activity at OGE Energy

In other news, VP Cristina F. Mcquistion sold 5,008 shares of the business's 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 sale, the vice president now directly owns 20,918 shares in the company, valued at $896,127.12. The trade was a 19.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.53% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Evercore ISI upgraded shares of OGE Energy from an "in-line" rating to an "outperform" rating and lifted their price target for the stock from $40.00 to $47.00 in a research report on Tuesday, January 21st. Barclays lowered their target price on shares of OGE Energy from $43.00 to $42.00 and set an "equal weight" rating for the company in a report on Friday, January 24th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $45.00.

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.