Foster & Motley Inc. Has $700,000 Stake in OGE Energy Corp. (NYSE:OGE)

Foster & Motley Inc. lowered its holdings in OGE Energy Corp. (NYSE:OGE) by 6.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,958 shares of the utilities provider’s stock after selling 1,171 shares during the period. Foster & Motley Inc.’s holdings in OGE Energy were worth $700,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in OGE. Sei Investments Co. boosted its position in OGE Energy by 8.2% during the second quarter. Sei Investments Co. now owns 86,249 shares of the utilities provider’s stock valued at $3,080,000 after purchasing an additional 6,536 shares during the last quarter. Bank of Montreal Can boosted its holdings in shares of OGE Energy by 8.2% in the 2nd quarter. Bank of Montreal Can now owns 28,186 shares of the utilities provider’s stock valued at $1,007,000 after buying an additional 2,137 shares during the last quarter. Mackenzie Financial Corp grew its stake in shares of OGE Energy by 13.8% in the second quarter. Mackenzie Financial Corp now owns 15,623 shares of the utilities provider’s stock valued at $558,000 after buying an additional 1,891 shares in the last quarter. Creative Planning increased its holdings in OGE Energy by 24.7% during the second quarter. Creative Planning now owns 116,293 shares of the utilities provider’s stock worth $4,152,000 after buying an additional 23,016 shares during the last quarter. Finally, NewEdge Advisors LLC raised its position in OGE Energy by 13.5% during the second quarter. NewEdge Advisors LLC now owns 36,577 shares of the utilities provider’s stock worth $1,306,000 after acquiring an additional 4,358 shares in the last quarter. 71.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Evercore ISI raised shares of OGE Energy from an “in-line” rating to an “outperform” rating and lifted their price objective for the company from $40.00 to $47.00 in a research report on Tuesday, January 21st. Barclays dropped their price objective on OGE Energy from $43.00 to $42.00 and set an “equal weight” rating on the stock in a research note on Friday, January 24th. Three research analysts have rated the stock with a hold rating and two have assigned 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 $45.00.

Insider Buying and Selling

In related 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 transaction of $214,542.72. Following the sale, the vice president now owns 20,918 shares of the company’s stock, valued at $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 is available through the SEC website. 0.53% of the stock is owned by insiders.

OGE Energy Stock Down 1.1 %

Shares of OGE opened at $42.23 on Friday. The firm’s 50-day simple moving average is $41.99 and its 200 day simple moving average is $40.80. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.51 and a current ratio of 0.86. The firm has a market cap of $8.49 billion, a P/E ratio of 21.88, a price-to-earnings-growth ratio of 3.14 and a beta of 0.77. OGE Energy Corp. has a 52 week low of $32.06 and a 52 week high of $44.41.

OGE Energy (NYSE:OGE) last announced its earnings results on Tuesday, November 5th. The utilities provider reported $1.09 earnings per share for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.03). The firm had revenue of $965.40 million for the quarter, compared to the consensus estimate of $1.02 billion. OGE Energy had a return on equity of 8.59% and a net margin of 13.89%. OGE Energy’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter last year, the business posted $1.20 EPS. On average, analysts forecast that OGE Energy Corp. will post 2.17 earnings per share for the current year.

OGE Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Monday, January 6th were paid a $0.4213 dividend. The ex-dividend date was Monday, January 6th. This represents a $1.69 annualized dividend and a dividend yield of 3.99%. OGE Energy’s dividend payout ratio (DPR) is presently 87.05%.

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.