OGE Energy Corporation (NYSE:OGE) Shares Sold by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. lowered its position in shares of OGE Energy Corporation (NYSE:OGE - Free Report) by 17.4% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,940 shares of the utilities provider's stock after selling 6,292 shares during the period. Asset Management One Co. Ltd.'s holdings in OGE Energy were worth $1,376,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in OGE. Cetera Investment Advisers grew its position in shares of OGE Energy by 10.8% during the fourth quarter. Cetera Investment Advisers now owns 62,831 shares of the utilities provider's stock worth $2,592,000 after buying an additional 6,135 shares in the last quarter. Sowell Financial Services LLC acquired a new position in OGE Energy during the 1st quarter worth $305,000. Jones Financial Companies Lllp increased its position in shares of OGE Energy by 38.2% in the 4th quarter. Jones Financial Companies Lllp now owns 24,085 shares of the utilities provider's stock worth $993,000 after purchasing an additional 6,657 shares during the last quarter. Hsbc Holdings PLC raised its stake in shares of OGE Energy by 26.2% in the 4th quarter. Hsbc Holdings PLC now owns 8,812 shares of the utilities provider's stock valued at $363,000 after purchasing an additional 1,832 shares in the last quarter. Finally, Oppenheimer & Co. Inc. lifted its position in shares of OGE Energy by 1.9% during the first quarter. Oppenheimer & Co. Inc. now owns 27,846 shares of the utilities provider's stock worth $1,280,000 after purchasing an additional 522 shares during the last quarter. 71.84% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other OGE Energy news, VP Donnie O. Jones sold 11,351 shares of the firm's stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $44.06, for a total transaction of $500,125.06. Following the transaction, the vice president owned 43,932 shares of the company's stock, valued at approximately $1,935,643.92. This trade represents a 20.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider William H. Sultemeier sold 6,650 shares of the company's stock in a transaction that occurred 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 completion of the sale, the insider directly owned 72,548 shares of the company's stock, valued at approximately $3,303,835.92. This represents a 8.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.53% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. Argus upgraded OGE Energy from a "hold" rating to a "buy" rating and set a $47.00 price objective on the stock in a research note on Friday, April 11th. LADENBURG THALM/SH SH raised shares of OGE Energy to a "hold" rating in a report on Friday, May 9th. Wells Fargo & Company increased 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, Barclays raised shares of OGE Energy from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $45.00 to $47.00 in a report on Thursday, June 5th. Two investment analysts have rated the stock with a hold rating and four 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 target price of $46.80.

OGE Energy Stock Performance

Shares of OGE traded up $0.33 during midday trading on Tuesday, hitting $44.71. 1,804,058 shares of the stock traded hands, compared to its average volume of 1,116,951. The business's 50 day moving average price is $44.36 and its two-hundred day moving average price is $43.67. The firm has a market capitalization of $9.00 billion, a PE ratio of 18.48, a price-to-earnings-growth ratio of 3.09 and a beta of 0.59. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.47 and a current ratio of 0.73. OGE Energy Corporation has a 1-year low of $34.94 and a 1-year high of $46.91.

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

OGE Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Shareholders of record on Monday, July 7th will be given a dividend of $0.4213 per share. The ex-dividend date of this dividend is Monday, July 7th. This represents a $1.69 dividend on an annualized basis and a yield of 3.77%. OGE Energy's dividend payout ratio (DPR) is presently 69.42%.

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.