CENTRAL TRUST Co Sells 1,000 Shares of OGE Energy Corp. (NYSE:OGE)

CENTRAL TRUST Co lowered its holdings in shares of OGE Energy Corp. (NYSE:OGE) by 32.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,074 shares of the utilities provider’s stock after selling 1,000 shares during the quarter. CENTRAL TRUST Co’s holdings in OGE Energy were worth $85,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. State of Michigan Retirement System lifted its position in shares of OGE Energy by 2.5% in the first quarter. State of Michigan Retirement System now owns 49,214 shares of the utilities provider’s stock worth $1,688,000 after buying an additional 1,200 shares during the last quarter. FCG Investment Co boosted its position in OGE Energy by 45.3% during the first quarter. FCG Investment Co now owns 14,204 shares of the utilities provider’s stock worth $487,000 after purchasing an additional 4,429 shares during the period. Commonwealth Equity Services LLC grew its holdings in OGE Energy by 22.0% during the first quarter. Commonwealth Equity Services LLC now owns 143,451 shares of the utilities provider’s stock valued at $4,920,000 after purchasing an additional 25,900 shares during the last quarter. Ballast Advisors LLC bought a new position in shares of OGE Energy in the first quarter valued at approximately $271,000. Finally, Texas Permanent School Fund Corp lifted its stake in shares of OGE Energy by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 175,289 shares of the utilities provider’s stock worth $6,012,000 after buying an additional 2,269 shares during the last quarter. Institutional investors and hedge funds own 71.84% of the company’s stock.

OGE Energy Stock Down 1.2 %

NYSE OGE opened at $40.47 on Monday. OGE Energy Corp. has a twelve month low of $32.06 and a twelve month high of $41.48. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.36 and a current ratio of 0.71. The stock has a market cap of $8.12 billion, a PE ratio of 20.54, a PEG ratio of 3.63 and a beta of 0.74. The firm has a 50-day simple moving average of $40.26 and a 200 day simple moving average of $37.60.

OGE Energy (NYSE:OGE) last announced its quarterly earnings data on Wednesday, August 7th. The utilities provider reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.05. The company had revenue of $662.60 million during the quarter, compared to the consensus estimate of $837.51 million. OGE Energy had a return on equity of 9.15% and a net margin of 14.83%. The company’s quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter last year, the company earned $0.44 EPS. On average, research analysts forecast that OGE Energy Corp. will post 2.14 EPS for the current year.

OGE Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Monday, October 7th were paid a $0.4213 dividend. 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. This represents a $1.69 dividend on an annualized basis and a dividend yield of 4.16%. OGE Energy’s dividend payout ratio is currently 85.28%.

Analysts Set New Price Targets

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