Insider Selling: OGE Energy (NYSE:OGE) SVP Sells 6,508 Shares of Stock

Key Points

• OGE Energy SVP Donnie Jones sold 6,508 shares at an average price of $46.11, generating approximately $300,084. Following the sale, Jones retained 40,555 shares, a 13.83% reduction in his position.
• OGE shares slipped 0.1% to $45.69, with the stock trading below its 50-day and 200-day moving averages. The utility has a $9.44 billion market capitalization and a 52-week range of $41.69 to $50.59.
• The company slightly exceeded quarterly EPS expectations, reporting $0.56 versus a $0.55 consensus estimate, but revenue fell 4% year over year to $711.9 million. Analysts maintain a consensus “Hold” rating with an average price target of $49.60.

OGE Energy Corporation (NYSE:OGE - Get Free Report) SVP Donnie Jones sold 6,508 shares of the firm's stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $46.11, for a total value of $300,083.88. Following the sale, the senior vice president directly owned 40,555 shares in the company, valued at approximately $1,869,991.05. This represents a 13.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

OGE Energy Stock Down 0.1%

Shares of OGE traded down $0.05 on Monday, hitting $45.69. The company's stock had a trading volume of 1,390,125 shares, compared to its average volume of 1,527,510. The company has a quick ratio of 0.47, a current ratio of 0.77 and a debt-to-equity ratio of 1.12. The firm's fifty day moving average price is $47.93 and its 200-day moving average price is $47.77. OGE Energy Corporation has a fifty-two week low of $41.69 and a fifty-two week high of $50.59. The firm has a market capitalization of $9.44 billion, a price-to-earnings ratio of 20.13, a P/E/G ratio of 3.39 and a beta of 0.53.

OGE Energy (NYSE:OGE - Get Free Report) last announced its earnings results on Tuesday, July 28th. The utilities provider reported $0.56 EPS for the quarter, topping the consensus estimate of $0.55 by $0.01. The firm had revenue of $711.90 million for the quarter, compared to the consensus estimate of $782.73 million. OGE Energy had a net margin of 14.44% and a return on equity of 9.48%. The business's quarterly revenue was down 4.0% on a year-over-year basis. During the same period last year, the company posted $0.53 EPS. On average, equities research analysts expect that OGE Energy Corporation will post 2.42 EPS for the current year.

Institutional Trading of OGE Energy

Several institutional investors and hedge funds have recently bought and sold shares of the business. Operose Advisors LLC bought a new position in shares of OGE Energy during the 2nd quarter worth approximately $26,000. Root Financial Partners LLC lifted its holdings in OGE Energy by 111.3% during the 1st quarter. Root Financial Partners LLC now owns 598 shares of the utilities provider's stock valued at $29,000 after purchasing an additional 315 shares during the last quarter. Markowski Investments acquired a new stake in OGE Energy during the 2nd quarter valued at $29,000. State of Wyoming bought a new position in OGE Energy during the second quarter worth $34,000. Finally, Capital Advisors Ltd. LLC boosted its position in OGE Energy by 14,780.0% during the first quarter. Capital Advisors Ltd. LLC now owns 744 shares of the utilities provider's stock worth $36,000 after purchasing an additional 739 shares during the period. Institutional investors own 71.84% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on OGE shares. LADENBURG THALM/SH SH upped their target price on shares of OGE Energy from $42.50 to $47.00 and gave the stock a "neutral" rating in a research note on Monday, May 11th. BMO Capital Markets dropped their price target on OGE Energy from $50.00 to $49.00 and set a "market perform" rating on the stock in a research note on Wednesday, July 22nd. Weiss Ratings restated a "buy (b)" rating on shares of OGE Energy in a report on Friday, July 31st. Wall Street Zen raised OGE Energy from a "sell" rating to a "hold" rating in a research report on Saturday, August 1st. Finally, Barclays increased their price objective on OGE Energy from $51.00 to $52.00 and gave the stock an "overweight" rating in a report on Tuesday, July 14th. Four analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $49.60.

About OGE Energy

OGE Energy Corp. NYSE: OGE is an energy and infrastructure holding company headquartered in Oklahoma City, Oklahoma. Through its principal subsidiary, Oklahoma Gas & Electric Company, the company provides regulated electric service to residential, commercial and industrial customers across Oklahoma and western Arkansas. Its diversified generation mix includes coal, natural gas and wind-powered facilities, complemented by ongoing investments in grid modernization and smart technology to enhance reliability and customer satisfaction.

In addition to its core electric utility operations, OGE Energy Corp.

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