Tounjian Advisory Partners LLC Buys Shares of 28,130 OGE Energy Corp. (NYSE:OGE)

Tounjian Advisory Partners LLC bought a new position in shares of OGE Energy Corp. (NYSE:OGE - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 28,130 shares of the utilities provider's stock, valued at approximately $1,293,000.

Several other large investors have also added to or reduced their stakes in the company. Headlands Technologies LLC purchased a new position in shares of OGE Energy during the 4th quarter valued at $27,000. Bessemer Group Inc. grew its position in shares of OGE Energy by 102.0% during 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 in the last quarter. Stonebridge Financial Group LLC purchased a new position in OGE Energy in the 4th quarter worth approximately $35,000. Principal Securities Inc. lifted its holdings in 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 purchasing an additional 659 shares in the last quarter. Finally, BankPlus Trust Department purchased a new stake in OGE Energy during the 4th quarter valued at approximately $44,000. Hedge funds and other institutional investors own 71.84% of the company's stock.

Wall Street Analysts Forecast Growth

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

Insider Activity at OGE Energy

In other OGE Energy news, insider William H. Sultemeier sold 6,650 shares of the 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 sale, the insider now owns 72,548 shares in the company, valued at $3,303,835.92. This trade represents a 8.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 completion of the transaction, the vice president now owns 43,932 shares in the company, valued at approximately $1,935,643.92. The trade was a 20.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.55% of the stock is currently owned by insiders.

OGE Energy Price Performance

Shares of OGE Energy stock traded up $0.43 during trading hours on Thursday, reaching $44.62. The company's stock had a trading volume of 704,711 shares, compared to its average volume of 1,121,894. 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 one year low of $34.84 and a one year high of $46.91. The firm has a 50 day moving average price of $44.27 and a 200-day moving average price of $43.55. The stock has a market cap of $8.98 billion, a P/E ratio of 20.28, a P/E/G ratio of 3.30 and a beta of 0.59.

OGE Energy (NYSE:OGE - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The utilities provider reported $0.31 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analyst estimates of $695.59 million. During the same period last year, the company earned $0.09 EPS. The company's revenue for the quarter was up 25.3% on a year-over-year basis. On average, analysts predict that OGE Energy Corp. will post 2.27 EPS for the current year.

OGE Energy Announces Dividend

The company 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 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 3.78%. OGE Energy's payout ratio is 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.