OGE Energy Corp. (NYSE:OGE) VP Sells $214,542.72 in Stock

OGE Energy Corp. (NYSE:OGE) VP Cristina F. Mcquistion sold 5,008 shares of the firm’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $42.84, for a total value of $214,542.72. Following the completion of the sale, the vice president now directly owns 20,918 shares of the company’s stock, valued at approximately $896,127.12. This trade represents a 19.32 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

OGE Energy Price Performance

OGE stock traded up $0.33 during midday trading on Friday, reaching $42.13. 132,746 shares of the company’s stock traded hands, compared to its average volume of 1,296,716. 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 1-year low of $32.06 and a 1-year high of $44.09. The company has a market cap of $8.47 billion, a price-to-earnings ratio of 21.66, a PEG ratio of 3.86 and a beta of 0.74. The company has a 50-day simple moving average of $40.78 and a two-hundred day simple moving average of $38.31.

OGE Energy (NYSE:OGE) last posted its quarterly earnings data 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). OGE Energy had a return on equity of 8.59% and a net margin of 13.89%. The firm had revenue of $965.40 million for the quarter, compared to analyst estimates of $1.02 billion. During the same quarter last year, the company earned $1.20 earnings per share. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. On average, analysts anticipate that OGE Energy Corp. will post 2.15 earnings per share for the current year.

OGE Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Monday, October 7th were paid a dividend of $0.4213 per share. This is an increase from OGE Energy’s previous quarterly dividend of $0.42. This represents a $1.69 annualized dividend and a yield of 4.00%. The ex-dividend date was Monday, October 7th. OGE Energy’s dividend payout ratio is presently 87.05%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on OGE shares. Barclays raised their target price on OGE Energy from $39.00 to $42.00 and gave the company an “equal weight” rating in a research note on Monday, October 21st. Evercore ISI upped their price objective on OGE Energy from $36.00 to $40.00 and gave the stock an “in-line” rating in a research report on Thursday, August 8th. Finally, Jefferies Financial Group started coverage on OGE Energy in a research note on Thursday, September 19th. They issued a “buy” rating and a $46.00 price objective for the company. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $39.40.

Institutional Trading of OGE Energy

Large investors have recently made changes to their positions in the company. V Square Quantitative Management LLC acquired a new stake in OGE Energy in the third quarter worth $30,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in OGE Energy in the 2nd quarter worth about $35,000. Kimelman & Baird LLC purchased a new stake in shares of OGE Energy during the second quarter valued at approximately $38,000. Allspring Global Investments Holdings LLC boosted its position in shares of 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 buying an additional 278 shares during the last quarter. Finally, Fortitude Family Office LLC purchased a new stake in shares of OGE Energy in the third quarter worth $63,000. 71.84% of the stock is currently owned by hedge funds and other institutional investors.

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.