OGE Energy Corp. (NYSE:OGE) Shares Sold by International Private Wealth Advisors LLC

International Private Wealth Advisors LLC decreased its holdings in OGE Energy Corp. (NYSE:OGE) by 6.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,692 shares of the utilities provider’s stock after selling 468 shares during the period. International Private Wealth Advisors LLC’s holdings in OGE Energy were worth $275,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of OGE. International Assets Investment Management LLC raised its stake in OGE Energy by 3,834.0% during the third quarter. International Assets Investment Management LLC now owns 748,608 shares of the utilities provider’s stock worth $30,708,000 after purchasing an additional 729,579 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of OGE Energy by 31.9% in the 2nd 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 during the last quarter. Victory Capital Management Inc. increased its position in shares of OGE Energy by 198.1% during the 2nd quarter. Victory Capital Management Inc. now owns 293,217 shares of the utilities provider’s stock worth $10,468,000 after purchasing an additional 194,839 shares during the last quarter. ClearBridge Investments Ltd lifted its position in OGE Energy by 2.7% in the second quarter. ClearBridge Investments Ltd now owns 5,829,222 shares of the utilities provider’s stock valued at $208,103,000 after buying an additional 150,797 shares during the last quarter. Finally, Boston Partners boosted its stake in OGE Energy by 3.8% during the first quarter. Boston Partners now owns 3,815,848 shares of the utilities provider’s stock worth $130,878,000 after buying an additional 139,872 shares during the period. 71.84% of the stock is owned by hedge funds and other institutional investors.

OGE Energy Price Performance

Shares of NYSE OGE traded down $0.28 during trading on Thursday, hitting $42.67. 40,132 shares of the company were exchanged, compared to its average volume of 1,295,287. 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 Corp. has a 1 year low of $32.06 and a 1 year high of $44.09. The company has a market cap of $8.57 billion, a price-to-earnings ratio of 22.25, a PEG ratio of 3.89 and a beta of 0.74. The firm’s fifty day moving average price is $40.74 and its 200 day moving average price is $38.29.

OGE Energy (NYSE:OGE) last posted its earnings results on Tuesday, November 5th. The utilities provider reported $1.09 earnings per share for the quarter, missing the consensus estimate of $1.12 by ($0.03). OGE Energy had a net margin of 13.89% and a return on equity of 8.59%. The firm had revenue of $965.40 million during the quarter, compared to analyst estimates of $1.02 billion. During the same period last year, the company posted $1.20 EPS. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. On average, sell-side analysts expect that OGE Energy Corp. will post 2.15 earnings per share for the current fiscal year.

OGE Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Monday, October 7th were given a dividend of $0.4213 per share. This represents a $1.69 dividend on an annualized basis and a yield of 3.95%. The ex-dividend date of this dividend was Monday, October 7th. This is a boost from OGE Energy’s previous quarterly dividend of $0.42. OGE Energy’s dividend payout ratio (DPR) is currently 87.05%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on OGE shares. Evercore ISI boosted their target price on OGE Energy from $36.00 to $40.00 and gave the company an “in-line” rating in a research report on Thursday, August 8th. Jefferies Financial Group started coverage on OGE Energy in a report on Thursday, September 19th. They issued a “buy” rating and a $46.00 price objective on the stock. Finally, Barclays raised their target price on OGE Energy from $39.00 to $42.00 and gave the company an “equal weight” rating in a report on Monday, October 21st. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, OGE Energy currently has a consensus rating of “Hold” and a consensus target price of $39.40.

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.