Segall Bryant & Hamill LLC Sells 47,248 Shares of OGE Energy Corp. (NYSE:OGE)

Segall Bryant & Hamill LLC trimmed its holdings in OGE Energy Corp. (NYSE:OGE - Free Report) by 7.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 556,616 shares of the utilities provider's stock after selling 47,248 shares during the period. Segall Bryant & Hamill LLC owned about 0.28% of OGE Energy worth $22,832,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. International Assets Investment Management LLC raised its holdings 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 acquiring an additional 729,579 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of OGE Energy by 31.9% during the second quarter. Dimensional Fund Advisors LP now owns 2,197,585 shares of the utilities provider's stock worth $78,453,000 after purchasing an additional 531,730 shares during the last quarter. Victory Capital Management Inc. grew its stake in OGE Energy by 198.1% in the second quarter. Victory Capital Management Inc. now owns 293,217 shares of the utilities provider's stock worth $10,468,000 after purchasing an additional 194,839 shares in the last quarter. ClearBridge Investments Ltd increased its holdings 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. Finally, Boston Partners raised its stake in OGE Energy by 3.8% during 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 in the last quarter. 71.84% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on OGE shares. Jefferies Financial Group started coverage on shares of OGE Energy in a research note on Thursday, September 19th. They set a "buy" rating and a $46.00 target price for the company. 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. Finally, Evercore ISI increased their price objective on shares of OGE Energy from $36.00 to $40.00 and gave the company an "in-line" rating in a report on Thursday, August 8th. Six 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 company currently has an average rating of "Hold" and an average price target of $39.40.

OGE Energy Stock Down 0.4 %

NYSE OGE traded down $0.16 during trading on Wednesday, hitting $43.01. 200,976 shares of the company traded hands, compared to its average volume of 1,294,569. OGE Energy Corp. has a 12 month low of $32.06 and a 12 month high of $44.09. The business has a fifty day simple moving average of $40.97 and a 200 day simple moving average of $38.53. The company has a current ratio of 0.86, a quick ratio of 0.51 and a debt-to-equity ratio of 1.09. The company has a market capitalization of $8.64 billion, a P/E ratio of 22.39, a PEG ratio of 3.85 and a beta of 0.74.

OGE Energy (NYSE:OGE - Get Free Report) last issued its earnings results on Tuesday, November 5th. The utilities provider reported $1.09 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $1.02 billion. During the same period last year, the business earned $1.20 earnings per share. The firm's revenue for the quarter was up 2.1% compared to the same quarter last year. As a group, sell-side analysts predict that OGE Energy Corp. will post 2.15 EPS for the current year.

OGE Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Monday, October 7th were paid a $0.4213 dividend. The ex-dividend date of this dividend was Monday, October 7th. This represents a $1.69 dividend on an annualized basis and a yield of 3.92%. This is a positive change from OGE Energy's previous quarterly dividend of $0.42. OGE Energy's payout ratio is currently 87.05%.

Insiders Place Their Bets

In other news, VP Cristina F. Mcquistion sold 5,008 shares of the company's 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 transaction, the vice president now owns 20,918 shares of the company's stock, valued at $896,127.12. This represents a 19.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.53% of the company's stock.

OGE Energy 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.