Donald L. Hagan LLC Has $629,000 Stock Position in OGE Energy Corp. (NYSE:OGE)

Donald L. Hagan LLC lowered its holdings in shares of OGE Energy Corp. (NYSE:OGE) by 5.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 15,239 shares of the utilities provider’s stock after selling 857 shares during the period. Donald L. Hagan LLC’s holdings in OGE Energy were worth $629,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. FMR LLC increased its holdings in OGE Energy by 16.3% in the 3rd quarter. FMR LLC now owns 558,967 shares of the utilities provider’s stock worth $22,929,000 after purchasing an additional 78,164 shares in the last quarter. PEAK6 Investments LLC acquired a new position in OGE Energy in the 3rd quarter worth about $783,000. Navellier & Associates Inc. acquired a new position in OGE Energy in the 3rd quarter worth about $785,000. BNP Paribas Financial Markets increased its holdings in OGE Energy by 316.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 34,752 shares of the utilities provider’s stock worth $1,426,000 after purchasing an additional 26,411 shares in the last quarter. Finally, Merit Financial Group LLC increased its holdings in OGE Energy by 14.2% in the 4th quarter. Merit Financial Group LLC now owns 6,505 shares of the utilities provider’s stock worth $268,000 after purchasing an additional 810 shares in the last quarter. Institutional investors and hedge funds own 71.84% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Barclays reduced their price target on OGE Energy from $43.00 to $42.00 and set an “equal weight” rating on the stock in a research report on Friday, January 24th. Evercore ISI upgraded OGE Energy from an “in-line” rating to an “outperform” rating and upped their price target for the company from $40.00 to $47.00 in a research report on Tuesday, January 21st. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, OGE Energy has a consensus rating of “Hold” and an average price target of $45.00.

Insiders Place Their Bets

In other 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 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 $896,127.12. This represents a 19.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.53% of the company’s stock.

OGE Energy Stock Up 1.4 %

Shares of OGE Energy stock opened at $42.70 on Friday. OGE Energy Corp. has a one year low of $32.06 and a one year high of $44.41. 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 stock’s 50-day moving average is $42.02 and its 200 day moving average is $40.76. The firm has a market cap of $8.58 billion, a price-to-earnings ratio of 22.12, a PEG ratio of 3.14 and a beta of 0.77.

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

OGE Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Monday, January 6th will be issued a $0.4213 dividend. The ex-dividend date of this dividend is Monday, January 6th. This represents a $1.69 annualized dividend and a yield of 3.95%. OGE Energy’s payout ratio is currently 87.05%.

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.