Hall Laurie J Trustee Has $124,000 Stake in OGE Energy Corp. (NYSE:OGE)

Hall Laurie J Trustee trimmed its stake in OGE Energy Corp. (NYSE:OGE) by 25.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,000 shares of the utilities provider’s stock after selling 1,000 shares during the quarter. Hall Laurie J Trustee’s holdings in OGE Energy were worth $124,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in OGE. State Street Corp lifted its position in OGE Energy by 2.8% in the 3rd quarter. State Street Corp now owns 6,836,303 shares of the utilities provider’s stock worth $280,425,000 after buying an additional 185,069 shares in the last quarter. ClearBridge Investments Ltd raised its holdings in shares of OGE Energy by 2.7% during the second quarter. ClearBridge Investments Ltd now owns 5,829,222 shares of the utilities provider’s stock worth $208,103,000 after acquiring an additional 150,797 shares in the last quarter. Geode Capital Management LLC boosted its position in OGE Energy by 1.2% during the third quarter. Geode Capital Management LLC now owns 3,349,471 shares of the utilities provider’s stock valued at $137,433,000 after purchasing an additional 40,733 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in OGE Energy by 31.9% in the second quarter. Dimensional Fund Advisors LP now owns 2,197,585 shares of the utilities provider’s stock valued at $78,453,000 after purchasing an additional 531,730 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in OGE Energy by 0.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,339,833 shares of the utilities provider’s stock worth $54,960,000 after purchasing an additional 4,761 shares during the last quarter. 71.84% of the stock is currently owned by institutional investors and hedge funds.

OGE Energy Trading Up 0.6 %

OGE Energy stock opened at $42.61 on Monday. OGE Energy Corp. has a one year low of $32.06 and a one year high of $44.41. The company’s fifty day moving average price is $42.09 and its two-hundred day moving average price is $40.39. The company has a market capitalization of $8.56 billion, a price-to-earnings ratio of 22.08, a PEG ratio of 3.40 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.

OGE Energy (NYSE:OGE) last issued its quarterly earnings data on Tuesday, November 5th. The utilities provider reported $1.09 EPS for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.03). OGE Energy had a net margin of 13.89% and a return on equity of 8.59%. The company had revenue of $965.40 million for the quarter, compared to analyst estimates of $1.02 billion. During the same period in the prior year, the company posted $1.20 EPS. The business’s revenue was up 2.1% on a year-over-year basis. On average, analysts forecast that OGE Energy Corp. will post 2.16 earnings per share for the current fiscal year.

OGE Energy Announces Dividend

The firm also recently disclosed 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. The ex-dividend date is Monday, January 6th. This represents a $1.69 dividend on an annualized basis and a dividend yield of 3.95%. OGE Energy’s payout ratio is presently 87.05%.

Insider Transactions at OGE Energy

In other news, VP Cristina F. Mcquistion sold 5,008 shares of OGE Energy 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 approximately $896,127.12. This trade represents a 19.32 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.53% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Barclays lifted their price target on OGE Energy from $39.00 to $42.00 and gave the company an “equal weight” rating in a report on Monday, October 21st. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $42.67.

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.