OGE Energy Corporation (NYSE:OGE) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC trimmed its stake in OGE Energy Corporation (NYSE:OGE - Free Report) by 5.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 230,425 shares of the utilities provider's stock after selling 14,300 shares during the period. Nisa Investment Advisors LLC owned about 0.11% of OGE Energy worth $10,590,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the stock. M&T Bank Corp boosted its position in OGE Energy by 3.2% in the 1st quarter. M&T Bank Corp now owns 10,328 shares of the utilities provider's stock valued at $475,000 after buying an additional 316 shares during the period. Concurrent Investment Advisors LLC boosted its position in OGE Energy by 26.9% in the 1st quarter. Concurrent Investment Advisors LLC now owns 13,755 shares of the utilities provider's stock valued at $632,000 after buying an additional 2,920 shares during the period. World Investment Advisors boosted its position in OGE Energy by 24.1% in the 1st quarter. World Investment Advisors now owns 6,075 shares of the utilities provider's stock valued at $279,000 after buying an additional 1,179 shares during the period. Principal Financial Group Inc. raised its holdings in shares of OGE Energy by 0.3% in the 1st quarter. Principal Financial Group Inc. now owns 462,312 shares of the utilities provider's stock valued at $21,248,000 after purchasing an additional 1,594 shares in the last quarter. Finally, Meritage Portfolio Management lifted its position in shares of OGE Energy by 23.4% in the 1st quarter. Meritage Portfolio Management now owns 14,603 shares of the utilities provider's stock worth $671,000 after purchasing an additional 2,771 shares during the period. 71.84% of the stock is owned by hedge funds and other institutional investors.

OGE Energy Stock Performance

NYSE:OGE traded up $0.23 during trading hours on Monday, hitting $44.51. 594,903 shares of the company were exchanged, compared to its average volume of 1,112,413. The stock has a market capitalization of $8.96 billion, a price-to-earnings ratio of 18.39, a PEG ratio of 3.09 and a beta of 0.59. OGE Energy Corporation has a 52-week low of $36.17 and a 52-week high of $46.91. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.73 and a quick ratio of 0.47. The company's 50 day moving average price is $44.19 and its 200-day moving average price is $43.86.

OGE Energy (NYSE:OGE - Get Free Report) last released 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. The business had revenue of $747.70 million for the quarter, compared to the consensus estimate of $695.59 million. OGE Energy had a net margin of 15.48% and a return on equity of 10.58%. The business's revenue for the quarter was up 25.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.09 EPS. As a group, research analysts forecast that OGE Energy Corporation will post 2.27 earnings per share for the current year.

OGE Energy Dividend Announcement

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 issued a $0.4213 dividend. This represents a $1.69 annualized dividend and a dividend yield of 3.79%. The ex-dividend date of this dividend is Monday, July 7th. OGE Energy's dividend payout ratio (DPR) is currently 69.42%.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In related news, insider William H. Sultemeier sold 6,650 shares of the stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $45.54, for a total transaction of $302,841.00. Following 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 sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Donnie O. Jones sold 11,351 shares of the stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $44.06, for a total transaction of $500,125.06. Following the sale, 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. Corporate insiders own 0.53% of the company's stock.

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.