Wealth Enhancement Advisory Services LLC Purchases 10,901 Shares of OGE Energy Corp. (NYSE:OGE)

Wealth Enhancement Advisory Services LLC increased its position in shares of OGE Energy Corp. (NYSE:OGE - Free Report) by 72.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 25,879 shares of the utilities provider's stock after acquiring an additional 10,901 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in OGE Energy were worth $1,068,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cetera Investment Advisers raised its holdings in OGE Energy by 10.8% in the 4th quarter. Cetera Investment Advisers now owns 62,831 shares of the utilities provider's stock valued at $2,592,000 after buying an additional 6,135 shares during the last quarter. Jones Financial Companies Lllp grew its stake in shares of OGE Energy by 38.2% in 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 during the last quarter. CIBC Asset Management Inc grew its stake in shares of OGE Energy by 5.1% in the fourth quarter. CIBC Asset Management Inc now owns 6,038 shares of the utilities provider's stock worth $249,000 after purchasing an additional 295 shares during the last quarter. Hsbc Holdings PLC increased its holdings in OGE Energy by 26.2% in the fourth quarter. Hsbc Holdings PLC now owns 8,812 shares of the utilities provider's stock valued at $363,000 after purchasing an additional 1,832 shares during the period. Finally, Bleakley Financial Group LLC bought a new position in OGE Energy during the 4th quarter worth $382,000. Institutional investors and hedge funds own 71.84% of the company's stock.

Insider Transactions at OGE Energy

In other news, VP Donnie O. Jones sold 11,351 shares of the company's 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 completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, 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 transaction of $302,841.00. Following the sale, the insider now directly owns 72,548 shares in the company, valued at approximately $3,303,835.92. This trade represents a 8.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.55% of the company's stock.

OGE Energy Stock Up 1.0%

Shares of OGE traded up $0.43 during trading hours on Thursday, reaching $44.62. The stock had a trading volume of 704,711 shares, compared to its average volume of 1,121,894. The company has a market capitalization of $8.98 billion, a price-to-earnings ratio of 20.28, a P/E/G ratio of 3.30 and a beta of 0.59. The firm has a 50-day simple moving average of $44.27 and a 200 day simple moving average of $43.55. 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 Corp. has a 12 month low of $34.84 and a 12 month high of $46.91.

OGE Energy (NYSE:OGE - Get Free Report) last issued its quarterly earnings data 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 9.71% and a net margin of 14.79%. The firm had revenue of $747.70 million during the quarter, compared to analyst estimates of $695.59 million. During the same period in the previous year, the company posted $0.09 EPS. The company's revenue for the quarter was up 25.3% on a year-over-year basis. Equities research 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. Shareholders of record on Monday, July 7th will be issued a dividend of $0.4213 per share. This represents a $1.69 dividend on an annualized basis and a yield of 3.78%. The ex-dividend date is Monday, July 7th. OGE Energy's dividend payout ratio is 69.42%.

Wall Street Analysts Forecast Growth

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

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.