Oak Thistle LLC Sells 17,597 Shares of OGE Energy Corp. (NYSE:OGE)

Oak Thistle LLC decreased its stake in OGE Energy Corp. (NYSE:OGE) by 51.4% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 16,630 shares of the utilities provider’s stock after selling 17,597 shares during the period. Oak Thistle LLC’s holdings in OGE Energy were worth $686,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of OGE. Private Advisor Group LLC boosted its stake in shares of OGE Energy by 198.3% in the 2nd quarter. Private Advisor Group LLC now owns 18,562 shares of the utilities provider’s stock valued at $663,000 after purchasing an additional 12,339 shares in the last quarter. American Century Companies Inc. boosted its position in OGE Energy by 4.4% in the second quarter. American Century Companies Inc. now owns 64,034 shares of the utilities provider’s stock valued at $2,286,000 after buying an additional 2,705 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in OGE Energy by 31.9% during the second quarter. Dimensional Fund Advisors LP now owns 2,197,585 shares of the utilities provider’s stock worth $78,453,000 after buying an additional 531,730 shares during the last quarter. Edgestream Partners L.P. increased its holdings in shares of OGE Energy by 10.9% during the second quarter. Edgestream Partners L.P. now owns 20,697 shares of the utilities provider’s stock worth $739,000 after buying an additional 2,029 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV raised its stake in shares of OGE Energy by 2.0% in the second quarter. Mercer Global Advisors Inc. ADV now owns 27,742 shares of the utilities provider’s stock valued at $990,000 after acquiring an additional 537 shares during the last quarter. 71.84% of the stock is currently owned by institutional investors.

Insider Transactions at OGE Energy

In other news, VP Cristina F. Mcquistion sold 5,008 shares of the firm’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $42.84, for a total value of $214,542.72. Following the transaction, the vice president now directly owns 20,918 shares in the company, valued at $896,127.12. This trade represents a 19.32 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.53% of the stock is owned by corporate insiders.

OGE Energy Stock Performance

OGE stock opened at $41.09 on Thursday. The stock has a market capitalization of $8.26 billion, a PE ratio of 21.29, a price-to-earnings-growth ratio of 3.80 and a beta of 0.77. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.86 and a quick ratio of 0.51. The company has a 50 day moving average price of $42.09 and a 200 day moving average price of $40.26. OGE Energy Corp. has a fifty-two week low of $32.06 and a fifty-two week high of $44.41.

OGE Energy (NYSE:OGE) last released 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%. The company’s revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.20 EPS. Analysts forecast that OGE Energy Corp. will post 2.14 EPS for the current year.

OGE Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Monday, January 6th will be paid a $0.4213 dividend. This represents a $1.69 annualized dividend and a dividend yield of 4.10%. The ex-dividend date of this dividend is Monday, January 6th. OGE Energy’s dividend payout ratio (DPR) is presently 87.05%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on OGE. Jefferies Financial Group started coverage on OGE Energy in a research report on Thursday, September 19th. They set a “buy” rating and a $46.00 price target on the stock. Barclays increased their target price on OGE Energy from $39.00 to $42.00 and gave the stock an “equal weight” rating in a report on Monday, October 21st. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $40.50.

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.