Bokf Na Acquires 3,030 Shares of OGE Energy Corp. (NYSE:OGE)

Bokf Na boosted its position in shares of OGE Energy Corp. (NYSE:OGE) by 5.4% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 59,054 shares of the utilities provider’s stock after buying an additional 3,030 shares during the quarter. Bokf Na’s holdings in OGE Energy were worth $2,029,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of OGE. Boston Partners purchased a new position in OGE Energy during the fourth quarter worth $128,381,000. Norges Bank purchased a new position in OGE Energy during the fourth quarter worth $49,274,000. Miller Howard Investments Inc. NY boosted its stake in OGE Energy by 1,219.3% during the fourth quarter. Miller Howard Investments Inc. NY now owns 769,053 shares of the utilities provider’s stock worth $26,863,000 after buying an additional 710,761 shares during the period. International Assets Investment Management LLC boosted its stake in OGE Energy by 3,716.2% during the fourth quarter. International Assets Investment Management LLC now owns 728,161 shares of the utilities provider’s stock worth $25,435,000 after buying an additional 709,080 shares during the period. Finally, Pinebridge Investments L.P. boosted its stake in OGE Energy by 2,580.9% during the fourth quarter. Pinebridge Investments L.P. now owns 525,294 shares of the utilities provider’s stock worth $18,349,000 after buying an additional 505,700 shares during the period. 71.84% of the stock is owned by hedge funds and other institutional investors.

OGE Energy Trading Up 0.7 %

Shares of OGE traded up $0.28 during trading hours on Friday, reaching $38.33. 869,284 shares of the company traded hands, compared to its average volume of 1,143,621. The firm has a market cap of $7.69 billion, a price-to-earnings ratio of 19.46, a PEG ratio of 3.59 and a beta of 0.74. OGE Energy Corp. has a 12-month low of $31.25 and a 12-month high of $38.52. The company has a current ratio of 0.51, a quick ratio of 0.23 and a debt-to-equity ratio of 0.96. The stock’s fifty day moving average price is $36.00 and its 200 day moving average price is $34.61.

OGE Energy (NYSE:OGE) last released its quarterly earnings data on Wednesday, May 1st. The utilities provider reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.26). The firm had revenue of $596.80 million during the quarter, compared to the consensus estimate of $607.37 million. OGE Energy had a net margin of 14.63% and a return on equity of 8.89%. The business’s revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.19 earnings per share. Sell-side analysts forecast that OGE Energy Corp. will post 2.13 earnings per share for the current year.

OGE Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 26th. Investors of record on Monday, July 8th were issued a $0.418 dividend. The ex-dividend date of this dividend was Monday, July 8th. This represents a $1.67 annualized dividend and a dividend yield of 4.36%. OGE Energy’s payout ratio is currently 84.77%.

Analyst Ratings Changes

OGE has been the subject of several recent analyst reports. Argus lowered shares of OGE Energy from a “buy” rating to a “hold” rating in a research note on Thursday, May 23rd. Barclays boosted their target price on shares of OGE Energy from $34.00 to $35.00 and gave the company an “equal weight” rating in a research note on Tuesday, June 18th. Finally, StockNews.com raised shares of OGE Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, April 23rd. Six equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, OGE Energy currently has a consensus rating of “Hold” and an average price target of $33.60.

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.