OGE Energy Corp. (NYSE:OGE) Shares Sold by BancFirst Trust & Investment Management

BancFirst Trust & Investment Management cut its stake in shares of OGE Energy Corp. (NYSE:OGE - Free Report) by 41.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 37,010 shares of the utilities provider's stock after selling 26,698 shares during the quarter. OGE Energy makes up approximately 0.8% of BancFirst Trust & Investment Management's portfolio, making the stock its 12th biggest position. BancFirst Trust & Investment Management's holdings in OGE Energy were worth $1,684,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in OGE. Headlands Technologies LLC purchased a new stake in OGE Energy during the 4th quarter worth about $27,000. Bessemer Group Inc. raised its position in shares of OGE Energy by 102.0% during the 4th quarter. Bessemer Group Inc. now owns 715 shares of the utilities provider's stock worth $30,000 after acquiring an additional 361 shares in the last quarter. Stonebridge Financial Group LLC acquired a new stake in shares of OGE Energy during the 4th quarter worth about $35,000. Principal Securities Inc. lifted its stake in OGE Energy by 204.7% during the fourth quarter. Principal Securities Inc. now owns 981 shares of the utilities provider's stock worth $40,000 after purchasing an additional 659 shares during the last quarter. Finally, BankPlus Trust Department acquired a new position in OGE Energy in the fourth quarter valued at approximately $44,000. 71.84% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

OGE has been the topic of a number of research analyst reports. Barclays raised shares of OGE Energy from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $45.00 to $47.00 in a report on Thursday, June 5th. Argus upgraded shares of OGE Energy from a "hold" rating to a "buy" rating and set a $47.00 price target 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 research report on Friday, May 9th. Finally, 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 report on Thursday, May 1st. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $46.80.

Insiders Place Their Bets

In related news, VP Donnie O. Jones sold 11,351 shares of OGE Energy stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $44.06, for a total value 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. The trade was a 20.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider William H. Sultemeier sold 6,650 shares of the company's 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 transaction, the insider now directly owns 72,548 shares in the company, valued at $3,303,835.92. This represents a 8.40% decrease in their position. The disclosure for this sale can be found here. 0.55% of the stock is owned by insiders.

OGE Energy Stock Performance

OGE stock traded down $0.38 on Friday, hitting $44.26. The company's stock had a trading volume of 707,070 shares, compared to its average volume of 1,109,304. The stock has a market cap of $8.91 billion, a price-to-earnings ratio of 20.12, a price-to-earnings-growth ratio of 3.30 and a beta of 0.59. The firm has a 50 day moving average of $44.36 and a two-hundred day moving average of $43.56. The company has a current ratio of 0.73, a quick ratio of 0.51 and a debt-to-equity ratio of 1.08. OGE Energy Corp. has a 1 year low of $34.84 and a 1 year high of $46.91.

OGE Energy (NYSE:OGE - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The utilities provider reported $0.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.22 by $0.09. The firm 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 was up 25.3% on a year-over-year basis. During the same quarter last year, the company posted $0.09 earnings per share. Equities analysts predict that OGE Energy Corp. will post 2.27 EPS for the current fiscal year.

OGE Energy Dividend Announcement

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