7,000 Shares in OGE Energy Corporation (NYSE:OGE) Bought by Inscription Capital LLC

Inscription Capital LLC bought a new stake in shares of OGE Energy Corporation (NYSE:OGE - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 7,000 shares of the utilities provider's stock, valued at approximately $322,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Quadrant Capital Group LLC increased its holdings in shares of OGE Energy by 5.2% during the fourth quarter. Quadrant Capital Group LLC now owns 4,825 shares of the utilities provider's stock valued at $199,000 after acquiring an additional 239 shares in the last quarter. CIBC Asset Management Inc grew its position in OGE Energy by 5.1% during the 4th quarter. CIBC Asset Management Inc now owns 6,038 shares of the utilities provider's stock worth $249,000 after purchasing an additional 295 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its stake in OGE Energy by 1.3% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 28,157 shares of the utilities provider's stock valued at $1,161,000 after purchasing an additional 354 shares in the last quarter. Bessemer Group Inc. raised its holdings in shares of OGE Energy by 102.0% in the fourth quarter. Bessemer Group Inc. now owns 715 shares of the utilities provider's stock worth $30,000 after buying an additional 361 shares during the last quarter. Finally, Merit Financial Group LLC raised its holdings in shares of OGE Energy by 5.9% in the first quarter. Merit Financial Group LLC now owns 6,887 shares of the utilities provider's stock worth $317,000 after buying an additional 382 shares during the last quarter. 71.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

OGE has been the topic of several research reports. Argus raised 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. Barclays raised OGE Energy from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $45.00 to $47.00 in a report on Thursday, June 5th. Wells Fargo & Company raised their price objective on OGE Energy from $46.00 to $47.00 and gave the stock an "equal weight" rating in a research note on Thursday, May 1st. Finally, LADENBURG THALM/SH SH upgraded OGE Energy to a "hold" rating in a research report on Friday, May 9th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $46.80.

OGE Energy Trading Down 0.1%

NYSE OGE opened at $43.84 on Thursday. OGE Energy Corporation has a 1 year low of $34.92 and a 1 year high of $46.91. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.73 and a quick ratio of 0.47. The company has a market capitalization of $8.83 billion, a PE ratio of 18.12, a P/E/G ratio of 3.06 and a beta of 0.59. The company has a fifty day moving average of $44.41 and a 200 day moving average of $43.55.

OGE Energy (NYSE:OGE - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The utilities provider reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.09. The business had revenue of $747.70 million during the quarter, compared to analysts' expectations of $695.59 million. OGE Energy had a return on equity of 10.58% and a net margin of 15.48%. The company's revenue for the quarter was up 25.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.09 EPS. Research analysts forecast that OGE Energy Corporation will post 2.27 earnings per share for the current year.

OGE Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 25th. Stockholders of record on Monday, July 7th will be issued a dividend of $0.4213 per share. This represents a $1.69 annualized dividend and a dividend yield of 3.84%. The ex-dividend date of this dividend is Monday, July 7th. OGE Energy's dividend payout ratio (DPR) is 69.42%.

Insider Activity at OGE Energy

In other news, VP Donnie O. Jones sold 11,351 shares of the firm's stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $44.06, for a total transaction of $500,125.06. Following the sale, the vice president now directly owns 43,932 shares in the company, valued at $1,935,643.92. This trade represents a 20.53% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider William H. Sultemeier sold 6,650 shares of OGE Energy stock in a transaction dated Tuesday, May 6th. The shares were 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 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 disclosure for this sale can be found here. Company insiders own 0.55% of the company's stock.

OGE Energy Company 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.

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