SG Americas Securities LLC Decreases Stock Position in OGE Energy Corp. (NYSE:OGE)

SG Americas Securities LLC trimmed its position in shares of OGE Energy Corp. (NYSE:OGE - Free Report) by 10.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 94,526 shares of the utilities provider's stock after selling 11,089 shares during the quarter. SG Americas Securities LLC's holdings in OGE Energy were worth $3,899,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. FMR LLC boosted its position in shares of OGE Energy by 16.3% in the 3rd quarter. FMR LLC now owns 558,967 shares of the utilities provider's stock worth $22,929,000 after buying an additional 78,164 shares in the last quarter. PEAK6 Investments LLC purchased a new stake in shares of OGE Energy in the third quarter valued at about $783,000. Navellier & Associates Inc. acquired a new stake in shares of OGE Energy in the third quarter valued at approximately $785,000. BNP Paribas Financial Markets grew its position in shares of OGE Energy by 316.6% in the third quarter. BNP Paribas Financial Markets now owns 34,752 shares of the utilities provider's stock valued at $1,426,000 after purchasing an additional 26,411 shares during the last quarter. Finally, Harbor Capital Advisors Inc. increased its stake in shares of OGE Energy by 83.4% during the 4th quarter. Harbor Capital Advisors Inc. now owns 95,691 shares of the utilities provider's stock worth $3,947,000 after purchasing an additional 43,529 shares in the last quarter. Institutional investors and hedge funds own 71.84% of the company's stock.

Wall Street Analyst Weigh In

OGE has been the topic of a number of recent research reports. Barclays reduced their target price on OGE Energy from $43.00 to $42.00 and set an "equal weight" rating on the stock in a research note on Friday. Evercore ISI upgraded OGE Energy from an "in-line" rating to an "outperform" rating and upped their price objective for the company from $40.00 to $47.00 in a research report on Tuesday, January 21st. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, OGE Energy currently has an average rating of "Hold" and an average target price of $45.00.

OGE Energy Trading Up 0.1 %

OGE traded up $0.03 during trading on Friday, hitting $43.15. The company's stock had a trading volume of 1,129,212 shares, compared to its average volume of 653,979. OGE Energy Corp. has a twelve month low of $32.06 and a twelve month high of $44.41. The stock has a market cap of $8.67 billion, a PE ratio of 22.35, a PEG ratio of 3.63 and a beta of 0.77. The firm's 50 day moving average price is $42.09 and its 200-day moving average price is $40.65. 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 (NYSE:OGE - Get Free Report) last released its earnings results on Tuesday, November 5th. The utilities provider reported $1.09 earnings per share for the quarter, missing the consensus estimate of $1.12 by ($0.03). The business had revenue of $965.40 million for the quarter, compared to analysts' expectations of $1.02 billion. OGE Energy had a return on equity of 8.59% and a net margin of 13.89%. The business's quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.20 earnings per share. On average, analysts expect that OGE Energy Corp. will post 2.16 earnings per share for the current year.

OGE Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Monday, January 6th will be issued a $0.4213 dividend. The ex-dividend date of this dividend is Monday, January 6th. This represents a $1.69 dividend on an annualized basis and a dividend yield of 3.91%. OGE Energy's dividend payout ratio (DPR) is presently 87.05%.

Insider Activity

In other 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 directly owns 20,918 shares of the company's stock, valued at $896,127.12. The trade was a 19.32 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 0.53% of the company's stock.

About OGE Energy

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.