TIAA Trust National Association Grows Position in OGE Energy Corp. (NYSE:OGE)

TIAA Trust National Association raised its position in OGE Energy Corp. (NYSE:OGE) by 3.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,511 shares of the utilities provider’s stock after purchasing an additional 507 shares during the quarter. TIAA Trust National Association’s holdings in OGE Energy were worth $498,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of OGE. Raymond James Trust N.A. raised its holdings in shares of OGE Energy by 12.4% in the 4th quarter. Raymond James Trust N.A. now owns 6,860 shares of the utilities provider’s stock worth $240,000 after purchasing an additional 759 shares during the period. Moody National Bank Trust Division raised its holdings in shares of OGE Energy by 8.0% during the 4th quarter. Moody National Bank Trust Division now owns 17,895 shares of the utilities provider’s stock valued at $625,000 after buying an additional 1,323 shares during the period. Everhart Financial Group Inc. raised its holdings in shares of OGE Energy by 52.6% during the 4th quarter. Everhart Financial Group Inc. now owns 10,212 shares of the utilities provider’s stock valued at $357,000 after buying an additional 3,520 shares during the period. HB Wealth Management LLC purchased a new stake in shares of OGE Energy during the 4th quarter valued at about $231,000. Finally, Raymond James & Associates raised its holdings in shares of OGE Energy by 63.6% during the 4th quarter. Raymond James & Associates now owns 186,784 shares of the utilities provider’s stock valued at $6,524,000 after buying an additional 72,632 shares during the period. 71.84% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. StockNews.com upgraded OGE Energy from a “sell” rating to a “hold” rating in a report on Tuesday, April 23rd. Argus downgraded OGE Energy from a “buy” rating to a “hold” rating in a report on Thursday, May 23rd. Finally, Barclays raised their target price on OGE Energy from $34.00 to $35.00 and gave the company an “equal weight” rating in a report on Tuesday, June 18th. Six research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $33.60.

OGE Energy Stock Up 0.1 %

NYSE OGE traded up $0.02 during mid-day trading on Friday, reaching $37.04. 929,958 shares of the company’s stock traded hands, compared to its average volume of 1,166,539. OGE Energy Corp. has a 1-year low of $31.25 and a 1-year high of $37.74. The company has a fifty day simple moving average of $35.88 and a 200-day simple moving average of $34.52. The company has a current ratio of 0.51, a quick ratio of 0.23 and a debt-to-equity ratio of 0.96. The company has a market cap of $7.43 billion, a price-to-earnings ratio of 18.80, a P/E/G ratio of 3.48 and a beta of 0.74.

OGE Energy (NYSE:OGE) last issued its earnings results on Wednesday, May 1st. The utilities provider reported $0.09 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.26). The firm had revenue of $596.80 million during the quarter, compared to analyst estimates of $607.37 million. OGE Energy had a return on equity of 8.89% and a net margin of 14.63%. OGE Energy’s revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.19 EPS. As a group, equities research analysts expect that OGE Energy Corp. will post 2.13 EPS for the current year.

OGE Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 26th. Stockholders of record on Monday, July 8th will be given a $0.418 dividend. The ex-dividend date of this dividend is Monday, July 8th. This represents a $1.67 annualized dividend and a dividend yield of 4.51%. OGE Energy’s payout ratio is 84.77%.

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.