Aurora Investment Counsel Sells 2,895 Shares of OGE Energy Corporation $OGE

Aurora Investment Counsel reduced its stake in OGE Energy Corporation (NYSE:OGE) by 28.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,375 shares of the utilities provider’s stock after selling 2,895 shares during the period. Aurora Investment Counsel’s holdings in OGE Energy were worth $327,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Alpine Bank Wealth Management bought a new position in OGE Energy during the 1st quarter valued at about $31,000. First Command Advisory Services Inc. acquired a new stake in shares of OGE Energy in the first quarter worth $36,000. Clearstead Trust LLC acquired a new stake in OGE Energy during the first quarter valued at $42,000. Brooklyn Investment Group grew its position in OGE Energy by 725.5% during the first quarter. Brooklyn Investment Group now owns 908 shares of the utilities provider’s stock valued at $42,000 after buying an additional 798 shares during the period. Finally, Tompkins Financial Corp grew its position in shares of OGE Energy by 42.9% in the second quarter. Tompkins Financial Corp now owns 1,000 shares of the utilities provider’s stock valued at $44,000 after purchasing an additional 300 shares during the period. 71.84% of the stock is currently owned by institutional investors.

OGE Energy Stock Up 0.4%

OGE stock opened at $46.67 on Tuesday. The company has a fifty day moving average price of $45.12 and a 200 day moving average price of $44.67. OGE Energy Corporation has a 12 month low of $39.10 and a 12 month high of $47.33. The company has a market cap of $9.40 billion, a price-to-earnings ratio of 19.13, a price-to-earnings-growth ratio of 3.23 and a beta of 0.59. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.78 and a quick ratio of 0.48.

OGE Energy (NYSE:OGE) last announced its quarterly earnings data on Tuesday, July 29th. The utilities provider reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.05). OGE Energy had a return on equity of 10.60% and a net margin of 15.27%.The firm had revenue of $741.60 million for the quarter, compared to analysts’ expectations of $719.97 million. During the same quarter in the previous year, the company posted $0.51 EPS. The firm’s quarterly revenue was up 11.9% compared to the same quarter last year. Sell-side analysts expect that OGE Energy Corporation will post 2.27 earnings per share for the current year.

OGE Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, October 6th will be issued a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Monday, October 6th. This is an increase from OGE Energy’s previous quarterly dividend of $0.42. OGE Energy’s payout ratio is currently 69.67%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. UBS Group lifted their target price on shares of OGE Energy from $46.00 to $47.00 and gave the stock a “neutral” rating in a research note on Friday, October 10th. Weiss Ratings restated a “buy (b)” rating on shares of OGE Energy in a report on Wednesday, October 8th. Finally, Wall Street Zen upgraded shares of OGE Energy from a “sell” rating to a “hold” rating in a report on Sunday, September 7th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, OGE Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $47.00.

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.