Trust Co. of Oklahoma Buys New Stake in OGE Energy Corp. (NYSE:OGE)

Trust Co. of Oklahoma bought a new stake in shares of OGE Energy Corp. (NYSE:OGE - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 8,950 shares of the utilities provider's stock, valued at approximately $411,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Headlands Technologies LLC bought a new position in shares of OGE Energy during the 4th quarter valued at about $27,000. Bessemer Group Inc. lifted its position 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 in the last quarter. Stonebridge Financial Group LLC bought a new position in OGE Energy during the fourth quarter valued at approximately $35,000. Principal Securities Inc. grew its holdings in OGE Energy by 204.7% during the 4th quarter. Principal Securities Inc. now owns 981 shares of the utilities provider's stock valued at $40,000 after buying an additional 659 shares in the last quarter. Finally, BankPlus Trust Department purchased a new stake in shares of OGE Energy during the 4th quarter worth approximately $44,000. 71.84% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Insider Activity at OGE Energy

In other 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 transaction of $302,841.00. Following 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Donnie O. Jones sold 11,351 shares of the company'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 completion of the sale, the vice president now directly owns 43,932 shares of the company's stock, valued at approximately $1,935,643.92. This trade represents a 20.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.55% of the stock is currently owned by company insiders.

OGE Energy Trading Up 0.5%

Shares of NYSE OGE traded up $0.24 during midday trading on Tuesday, hitting $44.01. The company's stock had a trading volume of 882,900 shares, compared to its average volume of 1,124,464. OGE Energy Corp. has a 12-month low of $34.84 and a 12-month high of $46.91. 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 firm has a market cap of $8.86 billion, a P/E ratio of 20.00, a price-to-earnings-growth ratio of 3.30 and a beta of 0.59. The business's 50 day moving average is $44.30 and its two-hundred day moving average is $43.54.

OGE Energy (NYSE:OGE - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The utilities provider reported $0.31 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $695.59 million. During the same quarter in the prior year, the company posted $0.09 EPS. OGE Energy's quarterly revenue was up 25.3% on a year-over-year basis. As a group, equities research analysts expect that OGE Energy Corp. will post 2.27 EPS for the current year.

OGE Energy Announces Dividend

The business also recently declared 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 3.83%. The ex-dividend date of this dividend is Monday, July 7th. OGE Energy's dividend payout ratio is presently 69.42%.

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.