OGE Energy Corporation (NYSE:OGE) Stock Holdings Lowered by Strategic Financial Concepts LLC

Strategic Financial Concepts LLC trimmed its holdings in shares of OGE Energy Corporation (NYSE:OGE - Free Report) by 97.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,816 shares of the utilities provider's stock after selling 193,844 shares during the period. Strategic Financial Concepts LLC's holdings in OGE Energy were worth $221,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of OGE. Cetera Investment Advisers lifted its position in shares of OGE Energy by 10.8% during the fourth quarter. Cetera Investment Advisers now owns 62,831 shares of the utilities provider's stock worth $2,592,000 after purchasing an additional 6,135 shares in the last quarter. Bessemer Group Inc. lifted its position in shares of OGE Energy by 45.9% during the first quarter. Bessemer Group Inc. now owns 1,043 shares of the utilities provider's stock worth $48,000 after purchasing an additional 328 shares in the last quarter. Sowell Financial Services LLC acquired a new position in shares of OGE Energy during the first quarter worth $305,000. Jones Financial Companies Lllp lifted its position in shares of OGE Energy by 38.2% during the fourth quarter. Jones Financial Companies Lllp now owns 24,085 shares of the utilities provider's stock worth $993,000 after purchasing an additional 6,657 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its position in shares of OGE Energy by 19.5% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 30,922 shares of the utilities provider's stock worth $1,421,000 after purchasing an additional 5,043 shares in the last quarter. 71.84% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

OGE has been the subject of a number of research analyst reports. Wells Fargo & Company lifted their price target 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. LADENBURG THALM/SH SH upgraded shares of OGE Energy to a "hold" rating in a research note on Friday, May 9th. Barclays upgraded shares of OGE Energy from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $45.00 to $47.00 in a research note on Thursday, June 5th. Finally, Argus upgraded shares of OGE Energy from a "hold" rating to a "buy" rating and set a $47.00 price target for the company in a research note on Friday, April 11th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $46.80.

OGE Energy Stock Performance

OGE stock traded down $0.49 during trading on Monday, hitting $43.99. 1,029,085 shares of the company's stock traded hands, compared to its average volume of 1,110,352. The company has a quick ratio of 0.47, a current ratio of 0.73 and a debt-to-equity ratio of 1.11. OGE Energy Corporation has a 52 week low of $34.94 and a 52 week high of $46.91. The stock has a fifty day moving average price of $44.28 and a two-hundred day moving average price of $43.78. The stock has a market capitalization of $8.86 billion, a price-to-earnings ratio of 18.18, a price-to-earnings-growth ratio of 3.10 and a beta of 0.59.

OGE Energy (NYSE:OGE - Get Free Report) last released its earnings results on Wednesday, April 30th. The utilities provider reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.09. OGE Energy had a net margin of 15.48% and a return on equity of 10.58%. The firm had revenue of $747.70 million during the quarter, compared to analyst estimates of $695.59 million. During the same quarter in the previous year, the firm earned $0.09 earnings per share. The firm's revenue for the quarter was up 25.3% compared to the same quarter last year. As a group, equities analysts anticipate that OGE Energy Corporation will post 2.27 EPS for the current fiscal 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 paid a dividend of $0.4213 per share. The ex-dividend date of this dividend is Monday, July 7th. This represents a $1.69 annualized dividend and a yield of 3.83%. OGE Energy's payout ratio is 69.42%.

Insider Buying and Selling at OGE Energy

In other OGE Energy news, insider William H. Sultemeier sold 6,650 shares of the business's 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 completion of the sale, the insider owned 72,548 shares in the company, valued at $3,303,835.92. The trade was a 8.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Donnie O. Jones sold 11,351 shares of the company's stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $44.06, for a total transaction of $500,125.06. Following the transaction, the vice president owned 43,932 shares of the company's stock, valued at $1,935,643.92. This represents a 20.53% decrease in their position. The disclosure for this sale can be found here. 0.53% of the stock is owned by insiders.

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.