UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Trims Position in OGE Energy Corp. (NYSE:OGE)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its stake in shares of OGE Energy Corp. (NYSE:OGE - Free Report) by 9.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 556,131 shares of the utilities provider's stock after selling 54,868 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.28% of OGE Energy worth $22,812,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of OGE Energy by 5.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 44,864 shares of the utilities provider's stock valued at $1,840,000 after purchasing an additional 2,469 shares during the period. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of OGE Energy in the 3rd quarter worth $1,255,000. Freedom Investment Management Inc. bought a new position in shares of OGE Energy during the 3rd quarter worth $945,000. Townsquare Capital LLC grew its position in shares of OGE Energy by 15.0% during the 3rd quarter. Townsquare Capital LLC now owns 12,235 shares of the utilities provider's stock worth $502,000 after buying an additional 1,593 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its stake in shares of OGE Energy by 316.6% during the third quarter. BNP Paribas Financial Markets now owns 34,752 shares of the utilities provider's stock valued at $1,426,000 after buying an additional 26,411 shares during the period. 71.84% of the stock is currently owned by institutional investors.

OGE Energy Stock Down 1.9 %

Shares of NYSE OGE traded down $0.80 during trading hours on Friday, hitting $42.30. 814,596 shares of the stock were exchanged, compared to its average volume of 1,276,243. The firm has a fifty day moving average price of $41.70 and a 200-day moving average price of $39.14. 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 12 month low of $32.06 and a 12 month high of $44.41. The company has a market cap of $8.50 billion, a PE ratio of 21.92, a PEG ratio of 3.87 and a beta of 0.77.

OGE Energy (NYSE:OGE - Get Free Report) last issued 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). OGE Energy had a net margin of 13.89% and a return on equity of 8.59%. The business had revenue of $965.40 million for the quarter, compared to analysts' expectations of $1.02 billion. During the same quarter in the prior year, the company posted $1.20 EPS. The business's revenue for the quarter was up 2.1% on a year-over-year basis. On average, sell-side analysts expect that OGE Energy Corp. will post 2.14 EPS for the current year.

OGE Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders 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 dividend yield of 3.98%. OGE Energy's dividend payout ratio (DPR) is currently 87.05%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on OGE. Jefferies Financial Group initiated coverage on shares of OGE Energy in a report on Thursday, September 19th. They set a "buy" rating and a $46.00 target price on the stock. Barclays increased their price objective 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 upped their target price on OGE Energy from $36.00 to $40.00 and gave the stock an "in-line" rating in a report on Thursday, August 8th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, OGE Energy presently has a consensus rating of "Hold" and an average price target of $40.50.

Insider Activity at OGE Energy

In related 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 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. This represents a 19.32 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.53% of the stock is currently owned by insiders.

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.