Segall Bryant & Hamill LLC Has $22.83 Million Stake in OGE Energy Corp. (NYSE:OGE)

Segall Bryant & Hamill LLC cut its holdings in shares of OGE Energy Corp. (NYSE:OGE) by 7.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 556,616 shares of the utilities provider’s stock after selling 47,248 shares during the quarter. Segall Bryant & Hamill LLC owned about 0.28% of OGE Energy worth $22,832,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. V Square Quantitative Management LLC bought a new stake in shares of OGE Energy during the 3rd quarter worth about $30,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in OGE Energy in the 2nd quarter valued at $35,000. Kimelman & Baird LLC bought a new position in OGE Energy during the 2nd quarter worth $38,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of OGE Energy by 23.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,483 shares of the utilities provider’s stock worth $53,000 after buying an additional 278 shares in the last quarter. Finally, Fortitude Family Office LLC bought a new stake in shares of OGE Energy in the third quarter valued at about $63,000. Institutional investors own 71.84% of the company’s stock.

OGE Energy Stock Up 0.3 %

Shares of OGE opened at $43.21 on Wednesday. The firm has a 50 day simple moving average of $40.97 and a two-hundred day simple moving average of $38.53. The company has a market cap of $8.68 billion, a P/E ratio of 22.39, a P/E/G ratio of 3.85 and a beta of 0.74. OGE Energy Corp. has a one year low of $32.06 and a one year high of $44.09. 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 announced its quarterly earnings data 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 return on equity of 8.59% and a net margin of 13.89%. The business had revenue of $965.40 million for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the prior year, the company earned $1.20 earnings per share. OGE Energy’s quarterly revenue was up 2.1% compared to the same quarter last year. Research analysts forecast that OGE Energy Corp. will post 2.15 EPS for the current fiscal year.

OGE Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Monday, October 7th were given a $0.4213 dividend. The ex-dividend date of this dividend was Monday, October 7th. This represents a $1.69 dividend on an annualized basis and a yield of 3.90%. This is a positive change from OGE Energy’s previous quarterly dividend of $0.42. OGE Energy’s dividend payout ratio (DPR) is currently 87.05%.

Insiders Place Their Bets

In other news, VP Cristina F. Mcquistion sold 5,008 shares of the business’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 sale, the vice president now directly owns 20,918 shares in the company, valued at approximately $896,127.12. The trade was a 19.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.53% of the company’s stock.

Analyst Upgrades and Downgrades

OGE has been the topic of several research reports. Jefferies Financial Group started coverage on shares of OGE Energy in a research note on Thursday, September 19th. They issued a “buy” rating and a $46.00 price target on the stock. Evercore ISI boosted their price target on OGE Energy from $36.00 to $40.00 and gave the company an “in-line” rating in a research note on Thursday, August 8th. Finally, Barclays raised their price objective 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. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, OGE Energy currently has an average rating of “Hold” and a consensus target price of $39.40.

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.