OGE Energy Corp. (NYSE:OGE) VP Sells $500,125.06 in Stock

OGE Energy Corp. (NYSE:OGE) VP Donnie O. Jones sold 11,351 shares of the firm’s stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $44.06, for a total transaction of $500,125.06. Following the transaction, the vice president now owns 43,932 shares in the company, valued at approximately $1,935,643.92. This trade represents a 20.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

OGE Energy Stock Performance

NYSE:OGE opened at $44.43 on Friday. The firm’s fifty day moving average price is $44.50 and its 200 day moving average price is $43.50. OGE Energy Corp. has a 1-year low of $34.84 and a 1-year high of $46.91. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.73 and a quick ratio of 0.51. The firm has a market cap of $8.95 billion, a price-to-earnings ratio of 20.20, a price-to-earnings-growth ratio of 3.30 and a beta of 0.61.

OGE Energy (NYSE:OGE) last released its earnings results on Wednesday, April 30th. The utilities provider reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.09. OGE Energy had a return on equity of 9.71% and a net margin of 14.79%. The company had revenue of $747.70 million during the quarter, compared to the consensus estimate of $695.59 million. During the same quarter last year, the company earned $0.09 earnings per share. OGE Energy’s quarterly revenue was up 25.3% compared to the same quarter last year. On average, sell-side analysts expect that OGE Energy Corp. will post 2.27 EPS for the current year.

OGE Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 25th. Shareholders of record on Monday, July 7th will be issued a $0.4213 dividend. This represents a $1.69 dividend on an annualized basis and a yield of 3.79%. The ex-dividend date is Monday, July 7th. OGE Energy’s dividend payout ratio (DPR) is currently 69.42%.

Institutional Investors Weigh In On OGE Energy

Hedge funds and other institutional investors have recently bought and sold shares of the business. Headlands Technologies LLC acquired a new stake in OGE Energy in the fourth quarter valued at $27,000. Alpine Bank Wealth Management acquired a new stake in OGE Energy in the first quarter valued at $31,000. Bessemer Group Inc. lifted its holdings in OGE Energy by 102.0% in the fourth quarter. Bessemer Group Inc. now owns 715 shares of the utilities provider’s stock valued at $30,000 after acquiring an additional 361 shares during the period. First Command Advisory Services Inc. acquired a new stake in OGE Energy in the first quarter valued at $36,000. Finally, Stonebridge Financial Group LLC acquired a new stake in OGE Energy in the fourth quarter valued at $35,000. Institutional investors and hedge funds own 71.84% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on OGE. Barclays raised their target price on shares of OGE Energy from $44.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 22nd. Wells Fargo & Company lifted their price objective on shares of OGE Energy from $46.00 to $47.00 and gave the company an “equal weight” rating in a research report on Thursday, May 1st. Argus upgraded shares of OGE Energy from a “hold” rating to a “buy” rating and set a $47.00 price objective on the stock in a research report on Friday, April 11th. Finally, LADENBURG THALM/SH SH upgraded shares of OGE Energy to a “hold” rating in a research report on Friday, May 9th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, OGE Energy presently has an average rating of “Moderate Buy” and an average price target of $46.40.

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.