Segall Bryant & Hamill LLC Sells 10,813 Shares of OGE Energy Corporation (NYSE:OGE)

Segall Bryant & Hamill LLC cut its holdings in shares of OGE Energy Corporation (NYSE:OGE - Free Report) by 2.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 498,254 shares of the utilities provider's stock after selling 10,813 shares during the period. Segall Bryant & Hamill LLC owned approximately 0.25% of OGE Energy worth $22,900,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Headlands Technologies LLC purchased a new position in OGE Energy in the fourth quarter worth about $27,000. Bessemer Group Inc. boosted its position in OGE Energy by 102.0% in the fourth quarter. Bessemer Group Inc. now owns 715 shares of the utilities provider's stock worth $30,000 after purchasing an additional 361 shares during the last quarter. Alpine Bank Wealth Management purchased a new position in OGE Energy in the first quarter worth about $31,000. First Command Advisory Services Inc. purchased a new position in OGE Energy in the first quarter worth about $36,000. Finally, Lee Danner & Bass Inc. purchased a new position in OGE Energy in the fourth quarter worth about $45,000. 71.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

OGE Energy Stock Performance

Shares of OGE stock traded up $0.42 during trading hours on Friday, reaching $44.53. 1,066,655 shares of the company traded hands, compared to its average volume of 1,108,563. OGE Energy Corporation has a 12-month low of $36.66 and a 12-month 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 has a market cap of $8.97 billion, a P/E ratio of 18.40, a P/E/G ratio of 3.07 and a beta of 0.59. The firm has a 50-day moving average price of $44.13 and a 200 day moving average price of $43.92.

OGE Energy (NYSE:OGE - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The utilities provider reported $0.31 EPS for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $695.59 million. During the same period in the previous year, the firm earned $0.09 EPS. The firm's revenue was up 25.3% compared to the same quarter last year. As a group, sell-side analysts predict that OGE Energy Corporation will post 2.27 earnings per share for the current fiscal year.

OGE Energy Dividend Announcement

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 issued a $0.4213 dividend. The ex-dividend date is Monday, July 7th. This represents a $1.69 dividend on an annualized basis and a yield of 3.78%. 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 OGE Energy 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 sale, the vice president owned 43,932 shares of the company's stock, valued at $1,935,643.92. The trade was a 20.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider William H. Sultemeier sold 6,650 shares of OGE Energy stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $45.54, for a total value of $302,841.00. Following the completion of the sale, the insider directly owned 72,548 shares in the company, valued at approximately $3,303,835.92. The trade was a 8.40% decrease in their position. The disclosure for this sale can be found here. 0.55% of the stock is currently owned by 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.