OGE Energy Corp. (NYSE:OGE) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC lessened its holdings in shares of OGE Energy Corp. (NYSE:OGE - Free Report) by 3.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 528,507 shares of the utilities provider's stock after selling 18,276 shares during the period. Nuveen Asset Management LLC owned 0.26% of OGE Energy worth $21,801,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in OGE. Headlands Technologies LLC acquired a new stake in shares of OGE Energy during the 4th quarter worth about $27,000. Bessemer Group Inc. grew its stake in 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 buying an additional 361 shares during the last quarter. Stonebridge Financial Group LLC purchased a new position in OGE Energy during the 4th quarter worth approximately $35,000. Principal Securities Inc. grew its stake in OGE Energy by 204.7% during the 4th quarter. Principal Securities Inc. now owns 981 shares of the utilities provider's stock worth $40,000 after buying an additional 659 shares during the last quarter. Finally, BankPlus Trust Department purchased a new position in OGE Energy during the 4th quarter worth approximately $44,000. Institutional investors and hedge funds own 71.84% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Wells Fargo & Company raised their price target on OGE Energy from $46.00 to $47.00 and gave the stock an "equal weight" rating in a research note on Thursday, May 1st. Barclays raised their price target on OGE Energy from $44.00 to $45.00 and gave the stock an "equal weight" rating in a research note on Tuesday, April 22nd. LADENBURG THALM/SH SH upgraded OGE Energy to a "hold" rating in a research note on Friday, May 9th. Finally, Argus upgraded 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. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $46.40.

Insider Buying and Selling

In related news, insider William H. Sultemeier sold 6,650 shares of OGE Energy stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $45.54, for a total transaction of $302,841.00. Following the completion of the transaction, the insider now directly owns 72,548 shares of the company's stock, valued at approximately $3,303,835.92. The trade was a 8.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 0.55% of the stock is currently owned by insiders.

OGE Energy Stock Performance

Shares of OGE stock traded up $0.19 during midday trading on Thursday, hitting $43.88. The company had a trading volume of 152,316 shares, compared to its average volume of 1,184,305. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.73 and a quick ratio of 0.51. OGE Energy Corp. has a 52-week low of $34.20 and a 52-week high of $46.91. The stock has a market cap of $8.83 billion, a price-to-earnings ratio of 19.94, a PEG ratio of 3.30 and a beta of 0.61. The company's 50 day simple moving average is $44.52 and its 200 day simple moving average is $43.49.

OGE Energy (NYSE:OGE - Get Free Report) last posted its quarterly earnings results 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 return on equity of 9.71% and a net margin of 14.79%. The firm had revenue of $747.70 million for the quarter, compared to the consensus estimate of $695.59 million. During the same period in the previous year, the business earned $0.09 earnings per share. The company's revenue for the quarter was up 25.3% compared to the same quarter last year. Research analysts anticipate that OGE Energy Corp. will post 2.27 earnings per share for the current fiscal year.

OGE Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Investors 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 3.84%. OGE Energy's dividend payout ratio (DPR) is presently 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.