OGE Energy Corp. (NYSE:OGE) Shares Sold by Oak Thistle LLC

Oak Thistle LLC decreased its holdings in shares of OGE Energy Corp. (NYSE:OGE - Free Report) by 51.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 16,630 shares of the utilities provider's stock after selling 17,597 shares during the period. Oak Thistle LLC's holdings in OGE Energy were worth $686,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Harbor Capital Advisors Inc. grew its position in OGE Energy by 83.4% in the 4th quarter. Harbor Capital Advisors Inc. now owns 95,691 shares of the utilities provider's stock valued at $3,947,000 after buying an additional 43,529 shares during the last quarter. Everence Capital Management Inc. acquired a new stake in shares of OGE Energy in the 4th quarter worth $236,000. GAMMA Investing LLC boosted its holdings in shares of OGE Energy by 24.9% in the fourth quarter. GAMMA Investing LLC now owns 5,483 shares of the utilities provider's stock valued at $226,000 after acquiring an additional 1,093 shares in the last quarter. Inspire Trust Co. N.A. boosted its holdings in shares of OGE Energy by 18.8% in the third quarter. Inspire Trust Co. N.A. now owns 107,570 shares of the utilities provider's stock valued at $4,413,000 after acquiring an additional 17,000 shares in the last quarter. Finally, Synovus Financial Corp raised its holdings in OGE Energy by 19.9% during the third quarter. Synovus Financial Corp now owns 19,291 shares of the utilities provider's stock worth $791,000 after purchasing an additional 3,197 shares in the last quarter. Hedge funds and other institutional investors own 71.84% of the company's stock.

OGE Energy Price Performance

Shares of OGE stock traded up $1.30 during midday trading on Thursday, reaching $42.38. 826,713 shares of the company traded hands, compared to its average volume of 800,021. The firm has a market cap of $8.52 billion, a PE ratio of 21.96, a price-to-earnings-growth ratio of 3.40 and a beta of 0.77. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.86 and a quick ratio of 0.51. The firm's 50 day simple moving average is $42.09 and its two-hundred day simple moving average is $40.26. OGE Energy Corp. has a 1-year low of $32.06 and a 1-year high of $44.41.

OGE Energy (NYSE:OGE - Get Free Report) last posted its earnings results on Tuesday, November 5th. The utilities provider reported $1.09 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 firm had revenue of $965.40 million for the quarter, compared to analysts' expectations of $1.02 billion. During the same quarter in the previous year, the firm posted $1.20 earnings per share. The firm's revenue for the quarter was up 2.1% compared to the same quarter last year. On average, equities research analysts expect that OGE Energy Corp. will post 2.16 EPS for the current fiscal year.

OGE Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Monday, January 6th will be issued 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 3.98%. OGE Energy's dividend payout ratio (DPR) is currently 87.05%.

Analysts Set New Price Targets

OGE has been the topic of a number of analyst reports. Jefferies Financial Group assumed coverage on OGE Energy in a report on Thursday, September 19th. They issued a "buy" rating and a $46.00 price objective on the stock. Barclays lifted their price target 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. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $40.50.

Insiders Place Their Bets

In other OGE Energy news, VP Cristina F. Mcquistion sold 5,008 shares of the stock in a transaction 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 sale, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.53% of the stock is currently owned by company insiders.

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.