OGE Energy Corp. (NYSE:OGE) Shares Sold by Versor Investments LP

Versor Investments LP decreased its holdings in OGE Energy Corp. (NYSE:OGE - Free Report) by 32.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,900 shares of the utilities provider's stock after selling 6,200 shares during the period. Versor Investments LP's holdings in OGE Energy were worth $532,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Stonebridge Financial Group LLC purchased a new stake in shares of OGE Energy during the 4th quarter worth $35,000. Principal Securities Inc. lifted its stake in shares of OGE Energy by 204.7% during the 4th quarter. Principal Securities Inc. now owns 981 shares of the utilities provider's stock worth $40,000 after purchasing an additional 659 shares during the last quarter. BankPlus Trust Department bought a new position in shares of OGE Energy during the 4th quarter worth approximately $44,000. Mather Group LLC. lifted its position in OGE Energy by 20.9% during the fourth quarter. Mather Group LLC. now owns 1,616 shares of the utilities provider's stock valued at $67,000 after acquiring an additional 279 shares during the last quarter. Finally, Allworth Financial LP boosted its stake in OGE Energy by 185.8% in the fourth quarter. Allworth Financial LP now owns 1,815 shares of the utilities provider's stock valued at $77,000 after acquiring an additional 1,180 shares in the last quarter. Institutional investors own 71.84% of the company's stock.

OGE Energy Stock Performance

NYSE:OGE traded down $0.48 during midday trading on Wednesday, hitting $44.65. The company's stock had a trading volume of 1,531,400 shares, compared to its average volume of 1,130,313. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.73 and a quick ratio of 0.51. OGE Energy Corp. has a fifty-two week low of $32.37 and a fifty-two week high of $46.54. The firm's 50 day moving average is $42.71 and its 200-day moving average is $41.70. The firm has a market cap of $8.98 billion, a P/E ratio of 20.29, a P/E/G ratio of 3.30 and a beta of 0.70.

Remove Ads

OGE Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, April 7th will be given a $0.4213 dividend. The ex-dividend date is Monday, April 7th. This represents a $1.69 dividend on an annualized basis and a dividend yield of 3.77%. OGE Energy's dividend payout ratio (DPR) is currently 76.36%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on OGE shares. Evercore ISI raised OGE Energy from an "in-line" rating to an "outperform" rating and upped their price target for the stock from $40.00 to $47.00 in a research report on Tuesday, January 21st. Barclays increased their price target on OGE Energy from $42.00 to $44.00 and gave the company an "equal weight" rating in a research note on Tuesday, February 25th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $45.67.

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.