OGE Energy Corp. (NYSE:OGE) Shares Bought by California Public Employees Retirement System

California Public Employees Retirement System grew its position in shares of OGE Energy Corp. (NYSE:OGE) by 4.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,095,069 shares of the utilities provider’s stock after acquiring an additional 48,629 shares during the quarter. California Public Employees Retirement System owned about 0.55% of OGE Energy worth $38,251,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of OGE. Authentikos Wealth Advisory LLC acquired a new position in shares of OGE Energy during the third quarter valued at $43,000. Avior Wealth Management LLC boosted its holdings in shares of OGE Energy by 572.5% during the third quarter. Avior Wealth Management LLC now owns 1,466 shares of the utilities provider’s stock valued at $49,000 after acquiring an additional 1,248 shares during the period. Mitsubishi UFJ Trust & Banking Corp acquired a new position in shares of OGE Energy during the third quarter valued at $105,000. DekaBank Deutsche Girozentrale acquired a new stake in OGE Energy in the third quarter worth about $134,000. Finally, AXQ Capital LP acquired a new stake in OGE Energy in the third quarter worth about $207,000. Institutional investors and hedge funds own 71.84% of the company’s stock.

Analyst Ratings Changes

OGE has been the subject of several research analyst reports. StockNews.com raised shares of OGE Energy from a “sell” rating to a “hold” rating in a report on Tuesday. TheStreet downgraded shares of OGE Energy from a “b” rating to a “c+” rating in a report on Wednesday, February 21st. Barclays downgraded shares of OGE Energy from an “overweight” rating to an “equal weight” rating and set a $34.00 price objective for the company. in a report on Monday, April 22nd. Finally, LADENBURG THALM/SH SH downgraded shares of OGE Energy from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $36.00 to $34.00 in a report on Tuesday, January 16th. Five investment analysts have rated the stock with a hold rating, According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $33.40.

Insiders Place Their Bets

In other news, VP Cristina F. Mcquistion sold 4,187 shares of the company’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $33.92, for a total value of $142,023.04. Following the transaction, the vice president now owns 25,926 shares in the company, valued at approximately $879,409.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.53% of the company’s stock.

OGE Energy Price Performance

Shares of NYSE OGE opened at $33.82 on Friday. The firm has a 50-day moving average of $33.63 and a two-hundred day moving average of $34.07. The company has a current ratio of 0.65, a quick ratio of 0.30 and a debt-to-equity ratio of 0.96. The company has a market capitalization of $6.78 billion, a price-to-earnings ratio of 16.34, a PEG ratio of 3.23 and a beta of 0.73. OGE Energy Corp. has a twelve month low of $31.25 and a twelve month high of $38.04.

OGE Energy (NYSE:OGE) last posted its quarterly earnings data 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. The firm had revenue of $566.70 million for the quarter, compared to the consensus estimate of $986.67 million. OGE Energy had a return on equity of 9.37% and a net margin of 15.59%. The business’s revenue for the quarter was down 20.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.25 EPS. As a group, analysts expect that OGE Energy Corp. will post 2.13 earnings per share for the current fiscal year.

OGE Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 26th. Shareholders of record on Monday, April 8th were issued a dividend of $0.418 per share. The ex-dividend date was Friday, April 5th. This represents a $1.67 annualized dividend and a yield of 4.94%. OGE Energy’s payout ratio is presently 80.68%.

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.