OGE Energy Corp. (NYSE:OGE) VP Cristina F. Mcquistion Sells 5,008 Shares of Stock

OGE Energy Corp. (NYSE:OGE) VP Cristina F. Mcquistion sold 5,008 shares of OGE Energy stock in a transaction 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 transaction, the vice president now directly owns 20,918 shares of the company’s stock, valued at approximately $896,127.12. This represents a 19.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

OGE Energy Trading Up 0.8 %

Shares of OGE Energy stock traded up $0.33 on Friday, reaching $42.13. The company had a trading volume of 132,746 shares, compared to its average volume of 1,296,716. OGE Energy Corp. has a 52-week low of $32.06 and a 52-week high of $44.09. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.51 and a current ratio of 0.86. The firm’s 50 day moving average price is $40.78 and its two-hundred day moving average price is $38.31. The firm has a market cap of $8.47 billion, a PE ratio of 21.66, a PEG ratio of 3.86 and a beta of 0.74.

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). The business had revenue of $965.40 million during 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 was up 2.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.20 earnings per share. Sell-side analysts predict that OGE Energy Corp. will post 2.15 earnings per share for the current fiscal year.

OGE Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Monday, October 7th were issued a dividend of $0.4213 per share. This represents a $1.69 dividend on an annualized basis and a yield of 4.00%. This is a boost from OGE Energy’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Monday, October 7th. OGE Energy’s dividend payout ratio (DPR) is presently 87.05%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on OGE. Jefferies Financial Group began coverage on OGE Energy in a research note on Thursday, September 19th. They set a “buy” rating and a $46.00 target price on the stock. Barclays lifted their target price on OGE Energy from $39.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Monday, October 21st. Finally, Evercore ISI lifted their target price on OGE Energy from $36.00 to $40.00 and gave the stock an “in-line” rating in a report on Thursday, August 8th. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $39.40.

Hedge Funds Weigh In On OGE Energy

Institutional investors and hedge funds have recently bought and sold shares of the stock. V Square Quantitative Management LLC acquired a new stake in OGE Energy during the 3rd quarter worth approximately $30,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in OGE Energy in the second quarter valued at $35,000. Kimelman & Baird LLC bought a new position in OGE Energy in the 2nd quarter worth $38,000. Allspring Global Investments Holdings LLC raised its position in shares of OGE Energy by 23.1% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,483 shares of the utilities provider’s stock worth $53,000 after purchasing an additional 278 shares during the last quarter. Finally, Fortitude Family Office LLC bought a new position in OGE Energy in the 3rd quarter worth $63,000. Institutional investors own 71.84% of the company’s stock.

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.