NorthRock Partners LLC Makes New $281,000 Investment in OGE Energy Corp. (NYSE:OGE)

NorthRock Partners LLC bought a new stake in OGE Energy Corp. (NYSE:OGE - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 6,817 shares of the utilities provider's stock, valued at approximately $281,000.

A number of other large investors have also recently bought and sold shares of OGE. Vanguard Group Inc. boosted its position in 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 purchasing an additional 203,129 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its position in OGE Energy by 15.8% in 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 in the last quarter. Boston Partners boosted its position in OGE Energy by 6.6% in the 4th quarter. Boston Partners now owns 4,182,795 shares of the utilities provider's stock worth $172,554,000 after purchasing an additional 258,989 shares in the last quarter. Northern Trust Corp boosted its position in OGE Energy by 29.3% in the 4th quarter. Northern Trust Corp now owns 3,562,014 shares of the utilities provider's stock worth $146,933,000 after purchasing an additional 807,690 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in OGE Energy by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 3,364,886 shares of the utilities provider's stock worth $138,845,000 after purchasing an additional 15,415 shares in the last quarter. Hedge funds and other institutional investors own 71.84% of the company's stock.

Insider Activity at OGE Energy

In related news, insider William H. Sultemeier sold 6,650 shares of the stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $45.54, for a total value of $302,841.00. Following the completion of the transaction, the insider now directly owns 72,548 shares of the company's stock, valued at approximately $3,303,835.92. This represents a 8.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.55% of the stock is owned by corporate insiders.

OGE Energy Price Performance

Shares of NYSE:OGE traded up $0.48 during midday trading on Friday, reaching $44.27. 673,720 shares of the company's stock traded hands, compared to its average volume of 1,129,099. OGE Energy Corp. has a 1 year low of $34.20 and a 1 year high of $46.91. The company has a market cap of $8.91 billion, a P/E ratio of 20.12, a PEG ratio of 3.30 and a beta of 0.61. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.51 and a current ratio of 0.73. The company has a fifty day simple moving average of $44.58 and a two-hundred day simple moving average of $43.45.

OGE Energy (NYSE:OGE - Get Free Report) last announced its earnings results on Wednesday, April 30th. The utilities provider reported $0.31 earnings per share (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 firm had revenue of $747.70 million for the quarter, compared to analyst estimates of $695.59 million. During the same quarter last year, the firm posted $0.09 EPS. The business's revenue was up 25.3% on a year-over-year basis. Equities analysts predict that OGE Energy Corp. will post 2.27 EPS for the current fiscal year.

OGE Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 25th. Investors of record on Monday, July 7th will be paid a $0.4213 dividend. This represents a $1.69 annualized dividend and a yield of 3.81%. The ex-dividend date of this dividend is Monday, July 7th. OGE Energy's dividend payout ratio is currently 69.42%.

Analyst Ratings Changes

OGE has been the topic of several recent research reports. LADENBURG THALM/SH SH upgraded OGE Energy to a "hold" rating in a research report on Friday, May 9th. Barclays upped their price objective on 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 increased their target price on OGE Energy from $46.00 to $47.00 and gave the company an "equal weight" rating in a research report on Thursday, May 1st. Finally, Argus upgraded OGE Energy from a "hold" rating to a "buy" rating and set a $47.00 target price on the stock in a research report on Friday, April 11th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target 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.