Vaughan David Investments LLC IL Has $399,000 Holdings in OGE Energy Corp. (NYSE:OGE)

Vaughan David Investments LLC IL reduced its stake in shares of OGE Energy Corp. (NYSE:OGEGet Rating) by 3.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,400 shares of the utilities provider’s stock after selling 400 shares during the quarter. Vaughan David Investments LLC IL’s holdings in OGE Energy were worth $399,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. BlackRock Inc. increased its holdings in OGE Energy by 5.5% in the 3rd quarter. BlackRock Inc. now owns 25,091,485 shares of the utilities provider’s stock valued at $827,015,000 after buying an additional 1,319,107 shares during the period. Morgan Stanley increased its holdings in OGE Energy by 42.9% in the 2nd quarter. Morgan Stanley now owns 979,688 shares of the utilities provider’s stock valued at $32,966,000 after buying an additional 294,036 shares during the period. CHURCHILL MANAGEMENT Corp bought a new stake in OGE Energy in the 4th quarter valued at $9,746,000. Duff & Phelps Investment Management Co. increased its holdings in OGE Energy by 10.5% in the 4th quarter. Duff & Phelps Investment Management Co. now owns 2,541,117 shares of the utilities provider’s stock valued at $97,528,000 after buying an additional 241,117 shares during the period. Finally, Renaissance Technologies LLC grew its holdings in shares of OGE Energy by 48.2% in the 3rd quarter. Renaissance Technologies LLC now owns 735,043 shares of the utilities provider’s stock worth $24,227,000 after purchasing an additional 239,100 shares during the last quarter. Hedge funds and other institutional investors own 65.01% of the company’s stock.

OGE has been the topic of several analyst reports. Barclays upped their target price on shares of OGE Energy from $36.00 to $41.00 and gave the stock an “equal weight” rating in a report on Thursday, March 31st. Zacks Investment Research raised shares of OGE Energy from a “sell” rating to a “buy” rating and set a $41.00 target price on the stock in a report on Tuesday, March 15th. StockNews.com initiated coverage on shares of OGE Energy in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Credit Suisse Group initiated coverage on shares of OGE Energy in a report on Monday, April 25th. They issued a “neutral” rating and a $42.00 target price on the stock. Finally, Mizuho upped their target price on shares of OGE Energy from $38.00 to $42.00 and gave the stock a “neutral” rating in a report on Wednesday, April 20th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $40.67.

NYSE:OGE traded up $0.39 during mid-day trading on Friday, reaching $39.28. 797,764 shares of the company were exchanged, compared to its average volume of 1,156,174. OGE Energy Corp. has a 12 month low of $32.49 and a 12 month high of $42.74. The company has a fifty day moving average of $40.03 and a 200 day moving average of $37.75. The company has a quick ratio of 0.35, a current ratio of 0.49 and a debt-to-equity ratio of 1.05. The stock has a market cap of $7.86 billion, a PE ratio of 8.18, a PEG ratio of 5.24 and a beta of 0.67.

OGE Energy (NYSE:OGEGet Rating) last issued its quarterly earnings data on Thursday, May 5th. The utilities provider reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $1.19. OGE Energy had a net margin of 36.90% and a return on equity of 17.73%. The firm had revenue of $589.30 million for the quarter, compared to analyst estimates of $921.30 million. During the same quarter in the prior year, the firm earned $0.26 EPS. The company’s revenue was down 63.9% on a year-over-year basis. On average, equities research analysts anticipate that OGE Energy Corp. will post 2.15 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, April 29th. Shareholders of record on Monday, April 11th were given a dividend of $0.41 per share. The ex-dividend date was Friday, April 8th. This represents a $1.64 dividend on an annualized basis and a yield of 4.18%. OGE Energy’s payout ratio is presently 34.17%.

In other OGE Energy news, VP Patricia D. Horn sold 4,015 shares of the company’s stock in a transaction dated Monday, March 28th. The shares were sold at an average price of $39.95, for a total transaction of $160,399.25. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Cristina F. Mcquistion sold 2,200 shares of the company’s stock in a transaction dated Tuesday, March 8th. The shares were sold at an average price of $39.41, for a total transaction of $86,702.00. The disclosure for this sale can be found here. Corporate insiders own 12.90% of the company’s stock.

OGE Energy Profile (Get Rating)

OGE Energy Corp., together with its subsidiaries, operates as an energy and energy services provider that offers physical delivery and related services for electricity, natural gas, crude oil, and natural gas liquids in the United States. The company generates, transmits, distributes, and sells electric energy.

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Institutional Ownership by Quarter for OGE Energy (NYSE:OGE)

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