Thompson Siegel & Walmsley LLC Trims Stock Holdings in OGE Energy Corp. (NYSE:OGE)

Thompson Siegel & Walmsley LLC decreased its holdings in shares of OGE Energy Corp. (NYSE:OGE - Free Report) by 11.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,714,546 shares of the utilities provider's stock after selling 366,412 shares during the period. OGE Energy makes up about 1.7% of Thompson Siegel & Walmsley LLC's holdings, making the stock its 8th biggest position. Thompson Siegel & Walmsley LLC owned approximately 1.35% of OGE Energy worth $111,351,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. V Square Quantitative Management LLC acquired a new position in shares of OGE Energy during the 3rd quarter worth $30,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of OGE Energy in the second quarter valued at approximately $35,000. Kimelman & Baird LLC purchased a new position in shares of OGE Energy during the 2nd quarter worth approximately $38,000. Allspring Global Investments Holdings LLC lifted its stake in OGE Energy by 23.1% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,483 shares of the utilities provider's stock valued at $53,000 after buying an additional 278 shares in the last quarter. Finally, Fortitude Family Office LLC acquired a new stake in OGE Energy during the 3rd quarter valued at $63,000. 71.84% of the stock is owned by hedge funds and other institutional investors.

OGE Energy Trading Up 1.5 %

NYSE OGE traded up $0.66 during mid-day trading on Thursday, hitting $43.77. The company's stock had a trading volume of 312,893 shares, compared to its average volume of 1,293,076. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.86 and a quick ratio of 0.51. OGE Energy Corp. has a 52-week low of $32.06 and a 52-week high of $44.09. The stock's fifty day simple moving average is $41.04 and its two-hundred day simple moving average is $38.57. The firm has a market capitalization of $8.80 billion, a P/E ratio of 22.64, a price-to-earnings-growth ratio of 3.88 and a beta of 0.74.

OGE Energy (NYSE:OGE - Get Free Report) last released its quarterly earnings data on Tuesday, November 5th. The utilities provider reported $1.09 EPS for the quarter, missing the consensus estimate of $1.12 by ($0.03). The company had revenue of $965.40 million during the quarter, compared to analysts' expectations of $1.02 billion. OGE Energy had a net margin of 13.89% and a return on equity of 8.59%. The company's revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period last year, the business earned $1.20 earnings per share. Research analysts expect that OGE Energy Corp. will post 2.15 EPS for the current year.

OGE Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Monday, October 7th were given a dividend of $0.4213 per share. This represents a $1.69 dividend on an annualized basis and a dividend yield of 3.85%. This is a positive change from OGE Energy's previous quarterly dividend of $0.42. The ex-dividend date was Monday, October 7th. OGE Energy's payout ratio is presently 87.05%.

Insider Buying and Selling

In other news, VP Cristina F. Mcquistion sold 5,008 shares of the company's stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $42.84, for a total value 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 document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.53% of the company's stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Barclays boosted their target price 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. Evercore ISI raised their target price on shares of OGE Energy from $36.00 to $40.00 and gave the stock an "in-line" rating in a research report on Thursday, August 8th. Finally, Jefferies Financial Group began coverage on OGE Energy in a research note on Thursday, September 19th. They set a "buy" rating and a $46.00 price target on the stock. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target 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.