Diversified Trust Co Invests $459,000 in OGE Energy Corporation (NYSE:OGE)

Diversified Trust Co purchased a new stake in OGE Energy Corporation (NYSE:OGE - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 9,990 shares of the utilities provider's stock, valued at approximately $459,000.

Other large investors have also bought and sold shares of the company. Proficio Capital Partners LLC bought a new position in shares of OGE Energy during the fourth quarter valued at about $1,800,000. Jones Financial Companies Lllp boosted its stake 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 buying an additional 6,657 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of OGE Energy by 0.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,350,343 shares of the utilities provider's stock valued at $55,702,000 after acquiring an additional 10,510 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of OGE Energy by 59.4% in the fourth quarter. Victory Capital Management Inc. now owns 549,491 shares of the utilities provider's stock valued at $22,667,000 after acquiring an additional 204,837 shares in the last quarter. Finally, Assetmark Inc. increased its position in shares of OGE Energy by 4.7% during the fourth quarter. Assetmark Inc. now owns 362,601 shares of the utilities provider's stock valued at $14,957,000 after acquiring an additional 16,244 shares during the last quarter. 71.84% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

OGE has been the subject of a number of recent analyst reports. Barclays upgraded OGE Energy from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $45.00 to $47.00 in a research note on Thursday, June 5th. LADENBURG THALM/SH SH upgraded shares of OGE Energy to a "hold" rating in a report on Friday, May 9th. Wells Fargo & Company lifted their price target 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 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. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $46.80.

Insider Buying and Selling at OGE Energy

In related news, insider William H. Sultemeier sold 6,650 shares of OGE Energy stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $45.54, for a total value of $302,841.00. Following the transaction, the insider owned 72,548 shares in the company, valued at $3,303,835.92. This trade represents a 8.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 value of $500,125.06. Following the transaction, the vice president directly owned 43,932 shares in the company, valued at $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 Stock Performance

OGE stock traded up $0.36 during midday trading on Friday, reaching $44.59. 581,456 shares of the company's stock traded hands, compared to its average volume of 1,116,302. The company has a 50-day moving average price of $44.31 and a two-hundred day moving average price of $43.72. The firm has a market capitalization of $8.98 billion, a PE ratio of 18.43, a price-to-earnings-growth ratio of 3.10 and a beta of 0.59. OGE Energy Corporation has a 52 week low of $34.94 and a 52 week high of $46.91. 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 (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 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 business had revenue of $747.70 million during the quarter, compared to analyst estimates of $695.59 million. During the same period in the previous year, the business posted $0.09 earnings per share. OGE Energy's revenue for the quarter was up 25.3% on a year-over-year basis. As a group, equities analysts anticipate that OGE Energy Corporation will post 2.27 EPS for the current year.

OGE Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 25th. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.78%. OGE Energy's dividend payout ratio (DPR) is 69.42%.

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.