PharVision Advisers LLC Buys Shares of 12,179 OGE Energy Corp. (NYSE:OGE)

PharVision Advisers LLC purchased a new stake in shares of OGE Energy Corp. (NYSE:OGE - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 12,179 shares of the utilities provider's stock, valued at approximately $502,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of OGE. Vanguard Group Inc. increased its stake in shares of OGE Energy by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 21,413,588 shares of the utilities provider's stock valued at $883,311,000 after buying an additional 203,129 shares during the period. T. Rowe Price Investment Management Inc. boosted its holdings in OGE Energy by 15.8% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 6,174,558 shares of the utilities provider's stock valued at $254,701,000 after acquiring an additional 844,679 shares in the last quarter. Boston Partners boosted its stake in shares of OGE Energy by 6.6% during the 4th quarter. Boston Partners now owns 4,182,795 shares of the utilities provider's stock valued at $172,554,000 after purchasing an additional 258,989 shares in the last quarter. Northern Trust Corp increased its position in shares of OGE Energy by 29.3% during the fourth quarter. Northern Trust Corp now owns 3,562,014 shares of the utilities provider's stock valued at $146,933,000 after buying an additional 807,690 shares during the period. Finally, Geode Capital Management LLC raised its stake in OGE Energy by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 3,364,886 shares of the utilities provider's stock worth $138,845,000 after buying an additional 15,415 shares in the last quarter. Institutional investors own 71.84% of the company's stock.

OGE Energy Stock Up 1.1%

Shares of OGE Energy stock traded up $0.48 during midday trading on Monday, hitting $44.27. The company had a trading volume of 673,720 shares, compared to its average volume of 1,128,334. OGE Energy Corp. has a 52-week low of $34.20 and a 52-week high of $46.91. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.51 and a current ratio of 0.73. The stock has a market capitalization of $8.91 billion, a P/E ratio of 20.12, a P/E/G ratio of 3.30 and a beta of 0.61. The company has a 50 day moving average of $44.58 and a 200 day moving average of $43.47.

OGE Energy (NYSE:OGE - Get Free Report) last released its earnings results on Wednesday, April 30th. The utilities provider reported $0.31 EPS for the quarter, topping the consensus estimate of $0.22 by $0.09. OGE Energy had a return on equity of 9.71% and a net margin of 14.79%. The business 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 company posted $0.09 earnings per share. The company's revenue for the quarter was up 25.3% compared to the same quarter last year. On average, equities analysts predict that OGE Energy Corp. will post 2.27 earnings per share for the current fiscal year.

OGE Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 25th. Investors of record on Monday, July 7th will be given a dividend of $0.4213 per share. This represents a $1.69 annualized dividend and a yield of 3.81%. The ex-dividend date of this dividend is Monday, July 7th. OGE Energy's dividend payout ratio (DPR) is 69.42%.

Insider Buying and Selling at OGE Energy

In other OGE Energy 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 value of $302,841.00. Following the completion of the sale, 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 Securities & Exchange Commission, which is accessible through this link. 0.55% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

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

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.