Nisa Investment Advisors LLC Sells 14,300 Shares of OGE Energy Corporation (NYSE:OGE)

Nisa Investment Advisors LLC lowered its holdings in OGE Energy Corporation (NYSE:OGE - Free Report) by 5.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 230,425 shares of the utilities provider's stock after selling 14,300 shares during the quarter. Nisa Investment Advisors LLC owned about 0.11% of OGE Energy worth $10,590,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Cetera Investment Advisers raised 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 acquiring an additional 6,135 shares during the last quarter. Bessemer Group Inc. raised its position in shares of OGE Energy by 45.9% during the first quarter. Bessemer Group Inc. now owns 1,043 shares of the utilities provider's stock worth $48,000 after acquiring an additional 328 shares during the last quarter. Sowell Financial Services LLC bought a new stake in shares of OGE Energy during the first quarter worth $305,000. Wealth Enhancement Advisory Services LLC increased its holdings in OGE Energy by 19.5% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 30,922 shares of the utilities provider's stock valued at $1,421,000 after purchasing an additional 5,043 shares during the last quarter. Finally, Hsbc Holdings PLC lifted its stake in OGE Energy by 26.2% in the fourth quarter. Hsbc Holdings PLC now owns 8,812 shares of the utilities provider's stock valued at $363,000 after buying an additional 1,832 shares during the period. Institutional investors and hedge funds own 71.84% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on OGE shares. Barclays raised OGE Energy from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $45.00 to $47.00 in a research note on Thursday, June 5th. Wells Fargo & Company increased their target price on OGE Energy from $46.00 to $47.00 and gave the company an "equal weight" rating in a research note on Thursday, May 1st. 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 note on Friday, April 11th. Finally, LADENBURG THALM/SH SH raised OGE Energy to a "hold" rating in a research note on Friday, May 9th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, OGE Energy presently has a consensus rating of "Moderate Buy" and an average price target of $46.80.

OGE Energy Trading Down 0.5%

Shares of OGE Energy stock traded down $0.23 during trading hours on Friday, hitting $44.29. The company's stock had a trading volume of 730,017 shares, compared to its average volume of 1,114,095. OGE Energy Corporation has a 12 month low of $36.17 and a 12 month high of $46.91. The stock has a 50 day moving average of $44.19 and a 200 day moving average of $43.82. The company has a market capitalization of $8.92 billion, a PE ratio of 18.30, a price-to-earnings-growth ratio of 3.10 and a beta of 0.59. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.73 and a quick ratio of 0.47.

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

OGE Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 25th. Investors of record on Monday, July 7th will be given a $0.4213 dividend. This represents a $1.69 dividend on an annualized basis and a yield of 3.80%. The ex-dividend date is Monday, July 7th. OGE Energy's dividend payout ratio is presently 69.42%.

Insider Buying and Selling

In other OGE Energy news, VP Donnie O. Jones sold 11,351 shares of the firm's 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 completion of 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider William H. Sultemeier sold 6,650 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the insider 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. 0.55% of the stock is currently owned by company insiders.

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.