Tounjian Advisory Partners LLC Invests $1.29 Million in OGE Energy Corp. (NYSE:OGE)

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

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

OGE Energy Stock Down 0.2%

Shares of NYSE OGE opened at $43.80 on Monday. The stock has a market capitalization of $8.82 billion, a price-to-earnings ratio of 19.91, a P/E/G ratio of 3.30 and a beta of 0.59. OGE Energy Corp. has a 12-month low of $34.84 and a 12-month high of $46.91. The firm's 50-day moving average price is $44.35 and its 200-day moving average price is $43.54. The company has a current ratio of 0.73, a quick ratio of 0.51 and a debt-to-equity ratio of 1.08.

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 for the quarter, topping analysts' consensus estimates of $0.22 by $0.09. OGE Energy had a net margin of 14.79% and a return on equity of 9.71%. The company had revenue of $747.70 million for the quarter, compared to analyst estimates of $695.59 million. During the same period in the prior year, the company posted $0.09 EPS. The firm's revenue for the quarter was up 25.3% on a year-over-year basis. On average, equities research analysts anticipate that OGE Energy Corp. 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 $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 yield of 3.85%. OGE Energy's payout ratio is 69.42%.

Analysts Set New Price Targets

OGE has been the topic of several recent analyst reports. Argus upgraded shares of 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. Barclays upgraded shares of OGE Energy from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $45.00 to $47.00 in a research note on Thursday. LADENBURG THALM/SH SH upgraded OGE Energy to a "hold" rating in a research report on Friday, May 9th. Finally, Wells Fargo & Company increased their price target on OGE Energy from $46.00 to $47.00 and gave the company an "equal weight" rating in a research note on Thursday, May 1st. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $46.80.

Insiders Place Their Bets

In other OGE Energy news, insider William H. Sultemeier sold 6,650 shares of the company's stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $45.54, for a total value of $302,841.00. Following the transaction, the insider now directly owns 72,548 shares in the company, valued at $3,303,835.92. This represents a 8.40% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Donnie O. Jones sold 11,351 shares of OGE Energy stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $44.06, for a total transaction of $500,125.06. Following the sale, the vice president now directly owns 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. Insiders own 0.55% of the company's stock.

About OGE Energy

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.

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