OGE Energy Corp. (NYSE:OGE) Shares Sold by Bridgefront Capital LLC

Bridgefront Capital LLC lessened its stake in OGE Energy Corp. (NYSE:OGE - Free Report) by 41.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,832 shares of the utilities provider's stock after selling 6,901 shares during the period. Bridgefront Capital LLC's holdings in OGE Energy were worth $406,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of OGE Energy by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 21,413,588 shares of the utilities provider's stock worth $883,311,000 after acquiring an additional 203,129 shares during the period. T. Rowe Price Investment Management Inc. increased its position in OGE Energy by 15.8% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 6,174,558 shares of the utilities provider's stock worth $254,701,000 after purchasing an additional 844,679 shares during the period. Boston Partners grew its holdings in OGE Energy by 6.6% during the fourth quarter. Boston Partners now owns 4,182,795 shares of the utilities provider's stock worth $172,554,000 after acquiring an additional 258,989 shares during the period. Northern Trust Corp raised its position in OGE Energy by 29.3% in the fourth quarter. Northern Trust Corp now owns 3,562,014 shares of the utilities provider's stock worth $146,933,000 after acquiring an additional 807,690 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in OGE Energy by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 3,364,886 shares of the utilities provider's stock valued at $138,845,000 after acquiring an additional 15,415 shares during the period. 71.84% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider William H. Sultemeier sold 6,650 shares of the firm's stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $45.54, for a total value of $302,841.00. Following the transaction, the insider now directly owns 72,548 shares in the company, valued at $3,303,835.92. This trade represents a 8.40 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.55% of the company's stock.

OGE Energy Trading Up 0.0 %

Shares of OGE Energy stock traded up $0.01 during mid-day trading on Friday, hitting $44.35. 1,207,093 shares of the stock were exchanged, compared to its average volume of 1,127,348. The company has a current ratio of 0.73, a quick ratio of 0.51 and a debt-to-equity ratio of 1.08. The stock has a market capitalization of $8.93 billion, a price-to-earnings ratio of 20.16, a price-to-earnings-growth ratio of 3.30 and a beta of 0.61. The company has a 50-day simple moving average of $44.67 and a 200 day simple moving average of $43.20. OGE Energy Corp. has a twelve month low of $34.20 and a twelve month high of $46.91.

OGE Energy (NYSE:OGE - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The utilities provider reported $0.31 earnings per share for the quarter, topping analysts' consensus estimates of $0.22 by $0.09. The company had revenue of $747.70 million for the quarter, compared to analyst estimates of $695.59 million. OGE Energy had a return on equity of 9.71% and a net margin of 14.79%. The business's revenue for the quarter was up 25.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.09 EPS. Research analysts forecast that OGE Energy Corp. will post 2.27 EPS for the current year.

OGE Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Monday, April 7th were issued a dividend of $0.4213 per share. The ex-dividend date was Monday, April 7th. This represents a $1.69 annualized dividend and a dividend yield of 3.80%. OGE Energy's payout ratio is currently 69.42%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. LADENBURG THALM/SH SH upgraded shares of OGE Energy to a "hold" rating in a research note on Tuesday, April 22nd. Wells Fargo & Company lifted their price objective on OGE Energy from $46.00 to $47.00 and gave the stock an "equal weight" rating in a report on Thursday, May 1st. Evercore ISI raised OGE Energy from an "in-line" rating to an "outperform" rating and upped their target price for the company from $40.00 to $47.00 in a report on Tuesday, January 21st. Barclays boosted their price objective 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. Finally, Argus upgraded shares of OGE Energy from a "hold" rating to a "buy" rating and set a $47.00 target price for the company in a research report on Friday, April 11th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $46.40.

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.