OGE Energy Corp. (NYSE:OGE) VP Donnie O. Jones Sells 11,351 Shares

OGE Energy Corp. (NYSE:OGE - Get Free Report) VP Donnie O. Jones sold 11,351 shares of OGE Energy 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 now directly owns 43,932 shares in the company, valued at $1,935,643.92. This trade represents a 20.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

OGE Energy Trading Down 0.1%

Shares of OGE Energy stock traded down $0.04 on Tuesday, reaching $44.30. The company had a trading volume of 1,160,363 shares, compared to its average volume of 1,122,679. The firm's 50 day moving average price is $44.48 and its two-hundred day moving average price is $43.53. The firm has a market cap of $8.92 billion, a PE ratio of 20.14, a PEG ratio of 3.30 and a beta of 0.61. OGE Energy Corp. has a 52-week low of $34.84 and a 52-week high of $46.91. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.51 and a current ratio of 0.73.

OGE Energy (NYSE:OGE - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The utilities provider reported $0.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.22 by $0.09. The business had revenue of $747.70 million for the quarter, compared to the consensus estimate of $695.59 million. OGE Energy had a net margin of 14.79% and a return on equity of 9.71%. The business's revenue was up 25.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.09 EPS. Sell-side analysts predict that OGE Energy Corp. will post 2.27 earnings per share for the current fiscal year.

OGE Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 25th. Investors of record on Monday, July 7th will be issued a $0.4213 dividend. This represents a $1.69 dividend on an annualized basis and a dividend yield of 3.80%. The ex-dividend date of this dividend is Monday, July 7th. OGE Energy's dividend payout ratio (DPR) is currently 69.42%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Headlands Technologies LLC acquired a new position in shares of OGE Energy in the fourth quarter valued at approximately $27,000. Bessemer Group Inc. grew its holdings 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 valued at $30,000 after purchasing an additional 361 shares in the last quarter. Alpine Bank Wealth Management acquired a new position in shares of OGE Energy in the first quarter valued at approximately $31,000. Stonebridge Financial Group LLC acquired a new position in OGE Energy during the 4th quarter worth approximately $35,000. Finally, First Command Advisory Services Inc. acquired a new position in OGE Energy during the 1st quarter worth approximately $36,000. Institutional investors and hedge funds own 71.84% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Wells Fargo & Company lifted their target price 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 raised shares of OGE Energy to a "hold" rating in a research note on Friday, May 9th. Barclays lifted their target price on shares of OGE Energy from $44.00 to $45.00 and gave the stock an "equal weight" rating in a research note on Tuesday, April 22nd. Finally, 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 research note on Friday, April 11th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $46.40.

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.