OGE Energy Corp. (NYSE:OGE) Stock Position Increased by Retirement Investment Advisors Inc.

Retirement Investment Advisors Inc. increased its stake in OGE Energy Corp. (NYSE:OGE) by 18.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 14,899 shares of the utilities provider’s stock after acquiring an additional 2,287 shares during the quarter. Retirement Investment Advisors Inc.’s holdings in OGE Energy were worth $611,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of OGE. Cetera Investment Advisers grew its holdings in shares of OGE Energy by 235.7% in the 1st quarter. Cetera Investment Advisers now owns 57,980 shares of the utilities provider’s stock worth $1,989,000 after acquiring an additional 40,710 shares during the last quarter. Cetera Advisors LLC grew its holdings in shares of OGE Energy by 207.4% in the 1st quarter. Cetera Advisors LLC now owns 22,256 shares of the utilities provider’s stock worth $763,000 after acquiring an additional 15,017 shares during the last quarter. DekaBank Deutsche Girozentrale grew its holdings in shares of OGE Energy by 130.9% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 9,425 shares of the utilities provider’s stock worth $320,000 after acquiring an additional 5,344 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of OGE Energy by 101.0% during the second quarter. GAMMA Investing LLC now owns 3,711 shares of the utilities provider’s stock valued at $132,000 after buying an additional 1,865 shares in the last quarter. Finally, Mather Group LLC. grew its holdings in shares of OGE Energy by 60.1% during the second quarter. Mather Group LLC. now owns 3,547 shares of the utilities provider’s stock valued at $122,000 after buying an additional 1,331 shares in the last quarter. 71.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently weighed in on OGE shares. Jefferies Financial Group started coverage on OGE Energy in a report on Thursday, September 19th. They set a “buy” rating and a $46.00 price target on the stock. 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. Finally, Evercore ISI lifted their price target on OGE Energy from $36.00 to $40.00 and gave the company an “in-line” rating in a report on Thursday, August 8th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, OGE Energy has an average rating of “Hold” and an average target price of $40.50.

Insider Transactions at OGE Energy

In other news, VP Cristina F. Mcquistion sold 5,008 shares of the company’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $42.84, for a total transaction of $214,542.72. Following the completion of the sale, the vice president now owns 20,918 shares in the company, valued at approximately $896,127.12. This represents a 19.32 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.53% of the stock is currently owned by corporate insiders.

OGE Energy Price Performance

OGE opened at $43.00 on Thursday. The stock has a market cap of $8.64 billion, a price-to-earnings ratio of 22.28, a PEG ratio of 3.87 and a beta of 0.77. OGE Energy Corp. has a 1 year low of $32.06 and a 1 year high of $44.41. The company has a current ratio of 0.86, a quick ratio of 0.51 and a debt-to-equity ratio of 1.09. The stock has a fifty day moving average price of $41.62 and a 200 day moving average price of $39.07.

OGE Energy (NYSE:OGE) last released its quarterly earnings data on Tuesday, November 5th. The utilities provider reported $1.09 earnings per share (EPS) 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 analyst estimates of $1.02 billion. OGE Energy had a net margin of 13.89% and a return on equity of 8.59%. OGE Energy’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.20 EPS. Analysts forecast that OGE Energy Corp. will post 2.14 EPS for the current fiscal year.

OGE Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Monday, October 7th were paid a dividend of $0.4213 per share. This represents a $1.69 annualized dividend and a dividend yield of 3.92%. The ex-dividend date of this dividend was Monday, October 7th. This is an increase from OGE Energy’s previous quarterly dividend of $0.42. OGE Energy’s dividend payout ratio is 87.05%.

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.