Cwm LLC Sells 5,327 Shares of OGE Energy Corp. (NYSE:OGE)

Cwm LLC cut its holdings in shares of OGE Energy Corp. (NYSE:OGE) by 5.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 86,837 shares of the utilities provider’s stock after selling 5,327 shares during the period. Cwm LLC’s holdings in OGE Energy were worth $3,033,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Cutler Investment Counsel LLC purchased a new stake in shares of OGE Energy during the fourth quarter valued at $265,000. Tyche Wealth Partners LLC purchased a new stake in shares of OGE Energy during the fourth quarter valued at $235,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of OGE Energy by 10.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 43,114 shares of the utilities provider’s stock valued at $1,506,000 after buying an additional 4,235 shares during the last quarter. Louisiana State Employees Retirement System purchased a new stake in shares of OGE Energy during the fourth quarter valued at $1,967,000. Finally, Koshinski Asset Management Inc. purchased a new stake in shares of OGE Energy during the fourth quarter valued at $210,000. 71.84% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, VP Cristina F. Mcquistion sold 4,187 shares of the company’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $33.92, for a total transaction of $142,023.04. Following the completion of the transaction, the vice president now owns 25,926 shares in the company, valued at approximately $879,409.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.53% of the company’s stock.

OGE Energy Trading Up 1.2 %

OGE stock opened at $34.33 on Thursday. The company’s 50-day simple moving average is $33.56 and its 200-day simple moving average is $34.07. The company has a quick ratio of 0.30, a current ratio of 0.65 and a debt-to-equity ratio of 0.96. OGE Energy Corp. has a 52-week low of $31.25 and a 52-week high of $38.04. The firm has a market cap of $6.88 billion, a P/E ratio of 16.58, a PEG ratio of 3.18 and a beta of 0.73.

OGE Energy (NYSE:OGE) last posted its earnings results on Tuesday, February 20th. The utilities provider reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.04. OGE Energy had a net margin of 15.59% and a return on equity of 9.37%. The business had revenue of $566.70 million for the quarter, compared to analyst estimates of $986.67 million. During the same period in the prior year, the company posted $0.25 EPS. The company’s revenue for the quarter was down 20.4% on a year-over-year basis. As a group, equities analysts forecast that OGE Energy Corp. will post 2.13 EPS for the current fiscal year.

OGE Energy Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 26th. Investors of record on Monday, April 8th will be given a dividend of $0.418 per share. The ex-dividend date of this dividend is Friday, April 5th. This represents a $1.67 annualized dividend and a dividend yield of 4.87%. OGE Energy’s dividend payout ratio (DPR) is presently 80.68%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on OGE shares. StockNews.com raised shares of OGE Energy from a “sell” rating to a “hold” rating in a report on Tuesday. LADENBURG THALM/SH SH lowered shares of OGE Energy from a “buy” rating to a “neutral” rating and lowered their price target for the company from $36.00 to $34.00 in a report on Tuesday, January 16th. Barclays lowered shares of OGE Energy from an “overweight” rating to an “equal weight” rating and set a $34.00 price target on the stock. in a report on Monday. Finally, TheStreet lowered shares of OGE Energy from a “b” rating to a “c+” rating in a report on Wednesday, February 21st. Five investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, OGE Energy has an average rating of “Hold” and a consensus target price of $33.40.

OGE Energy 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.