World Investment Advisors LLC Takes Position in OGE Energy Corp. (NYSE:OGE)

World Investment Advisors LLC bought a new stake in shares of OGE Energy Corp. (NYSE:OGE - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 17,337 shares of the utilities provider's stock, valued at approximately $711,000.

Several other hedge funds also recently bought and sold shares of the company. V Square Quantitative Management LLC bought a new position in OGE Energy in the 3rd quarter worth approximately $30,000. Kimelman & Baird LLC bought a new position in shares of OGE Energy during the second quarter worth $38,000. Allspring Global Investments Holdings LLC grew its stake in OGE Energy by 23.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,483 shares of the utilities provider's stock valued at $53,000 after acquiring an additional 278 shares in the last quarter. Fortitude Family Office LLC bought a new stake in OGE Energy in the 3rd quarter valued at $63,000. Finally, Signaturefd LLC lifted its stake in OGE Energy by 21.6% in the 2nd quarter. Signaturefd LLC now owns 2,541 shares of the utilities provider's stock worth $91,000 after purchasing an additional 452 shares in the last quarter. Institutional investors own 71.84% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on OGE shares. Jefferies Financial Group started coverage on OGE Energy in a report on Thursday, September 19th. They issued a "buy" rating and a $46.00 target price on the stock. Barclays lifted their price objective on OGE Energy from $39.00 to $42.00 and gave the stock an "equal weight" rating in a research note on Monday, October 21st. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $40.50.

OGE Energy Trading Down 0.2 %

OGE traded down $0.10 on Tuesday, hitting $41.78. The company had a trading volume of 1,022,075 shares, compared to its average volume of 1,269,387. The business's fifty day simple moving average is $41.85 and its 200 day simple moving average is $39.45. 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 $8.40 billion, a PE ratio of 21.65, a PEG ratio of 3.80 and a beta of 0.77.

OGE Energy (NYSE:OGE - Get Free Report) last announced its earnings results on Tuesday, November 5th. The utilities provider reported $1.09 EPS for the quarter, missing analysts' consensus estimates of $1.12 by ($0.03). OGE Energy had a return on equity of 8.59% and a net margin of 13.89%. The company had revenue of $965.40 million during the quarter, compared to analysts' expectations of $1.02 billion. During the same quarter last year, the firm posted $1.20 EPS. OGE Energy's revenue for the quarter was up 2.1% compared to the same quarter last year. Equities research analysts expect that OGE Energy Corp. will post 2.14 EPS for the current year.

OGE Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Monday, January 6th will be paid a $0.4213 dividend. This represents a $1.69 annualized dividend and a dividend yield of 4.03%. The ex-dividend date of this dividend is Monday, January 6th. OGE Energy's dividend payout ratio is currently 87.05%.

Insider Transactions at OGE Energy

In other news, VP Cristina F. Mcquistion sold 5,008 shares of the stock in a transaction that occurred 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 sale, the vice president now directly owns 20,918 shares in the company, valued at approximately $896,127.12. This represents a 19.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company 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.