Nuveen Asset Management LLC Sells 18,276 Shares of OGE Energy Corp. (NYSE:OGE)

Nuveen Asset Management LLC lowered its holdings in shares of OGE Energy Corp. (NYSE:OGE - Free Report) by 3.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 528,507 shares of the utilities provider's stock after selling 18,276 shares during the quarter. Nuveen Asset Management LLC owned 0.26% of OGE Energy worth $21,801,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Headlands Technologies LLC bought a new position in OGE Energy during the fourth quarter valued at $27,000. Bessemer Group Inc. lifted its holdings in shares of OGE Energy by 102.0% in 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 during the last quarter. Stonebridge Financial Group LLC bought a new stake in shares of OGE Energy in the 4th quarter worth about $35,000. Principal Securities Inc. lifted its holdings in shares of OGE Energy by 204.7% in the 4th quarter. Principal Securities Inc. now owns 981 shares of the utilities provider's stock worth $40,000 after acquiring an additional 659 shares during the last quarter. Finally, BankPlus Trust Department bought a new stake in shares of OGE Energy in the 4th quarter worth about $44,000. Institutional investors own 71.84% of the company's stock.

OGE Energy Trading Up 0.7%

OGE traded up $0.30 on Tuesday, reaching $44.54. 844,510 shares of the company traded hands, compared to its average volume of 1,127,199. OGE Energy Corp. has a one year low of $34.20 and a one year high of $46.91. The firm has a fifty day simple moving average of $44.56 and a two-hundred day simple moving average of $43.48. The company has a market cap of $8.97 billion, a P/E ratio of 20.25, a price-to-earnings-growth ratio of 3.30 and a beta of 0.61. The company has a quick ratio of 0.51, a current ratio of 0.73 and a debt-to-equity ratio of 1.08.

OGE Energy (NYSE:OGE - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The utilities provider reported $0.31 earnings per share for the quarter, beating analysts' consensus estimates of $0.22 by $0.09. OGE Energy had a net margin of 14.79% and a return on equity of 9.71%. The company had revenue of $747.70 million during the quarter, compared to analyst estimates of $695.59 million. During the same quarter last year, the business posted $0.09 EPS. The firm's revenue for the quarter was up 25.3% on a year-over-year basis. As a group, equities research analysts expect that OGE Energy Corp. will post 2.27 earnings per share for the current year.

OGE Energy Announces Dividend

The firm also recently announced 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. This represents a $1.69 dividend on an annualized basis and a yield of 3.78%. The ex-dividend date of this dividend is Monday, July 7th. OGE Energy's dividend payout ratio (DPR) is 69.42%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on OGE shares. Argus upgraded shares of OGE Energy from a "hold" rating to a "buy" rating and set a $47.00 target price for the company in a report on Friday, April 11th. Barclays raised their target price on shares of OGE Energy from $44.00 to $45.00 and gave the stock an "equal weight" rating in a report on Tuesday, April 22nd. Wells Fargo & Company raised 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, LADENBURG THALM/SH SH upgraded shares of OGE Energy to a "hold" rating in a report on Friday, May 9th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $46.40.

Insider Buying and Selling at OGE Energy

In other OGE Energy news, insider William H. Sultemeier sold 6,650 shares of the firm's stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $45.54, for a total transaction of $302,841.00. Following the transaction, the insider now owns 72,548 shares of the company's stock, valued at approximately $3,303,835.92. This trade represents a 8.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.55% 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.