OGE Energy Corp. (NYSE:OGE) Shares Acquired by Ceredex Value Advisors LLC

Ceredex Value Advisors LLC grew its position in shares of OGE Energy Corp. (NYSE:OGE - Free Report) by 119.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 477,250 shares of the utilities provider's stock after purchasing an additional 259,700 shares during the period. Ceredex Value Advisors LLC owned approximately 0.24% of OGE Energy worth $16,670,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in OGE. BlackRock Inc. lifted its holdings in shares of OGE Energy by 1.5% during the 1st quarter. BlackRock Inc. now owns 24,046,611 shares of the utilities provider's stock worth $905,595,000 after acquiring an additional 345,949 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of OGE Energy by 1.4% during the 3rd quarter. Vanguard Group Inc. now owns 20,674,150 shares of the utilities provider's stock worth $753,780,000 after acquiring an additional 294,759 shares during the last quarter. Moneta Group Investment Advisors LLC lifted its holdings in shares of OGE Energy by 98,211.5% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 7,361,568 shares of the utilities provider's stock worth $291,150,000 after acquiring an additional 7,354,080 shares during the last quarter. State Street Corp lifted its holdings in shares of OGE Energy by 1.5% during the 3rd quarter. State Street Corp now owns 7,122,492 shares of the utilities provider's stock worth $259,686,000 after acquiring an additional 103,185 shares during the last quarter. Finally, ClearBridge Investments Ltd lifted its holdings in shares of OGE Energy by 3.9% during the 3rd quarter. ClearBridge Investments Ltd now owns 6,684,861 shares of the utilities provider's stock worth $222,806,000 after acquiring an additional 252,456 shares during the last quarter. 71.84% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at OGE Energy

In other OGE Energy news, VP Cristina F. Mcquistion sold 4,187 shares of the business's stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $33.92, for a total value of $142,023.04. Following the transaction, the vice president now owns 25,926 shares in the company, valued at $879,409.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.42% of the company's stock.

OGE Energy Trading Up 0.9 %

Shares of OGE stock traded up $0.32 during mid-day trading on Monday, reaching $34.03. The stock had a trading volume of 971,357 shares, compared to its average volume of 1,595,584. The stock's 50-day moving average price is $33.46 and its two-hundred day moving average price is $34.06. OGE Energy Corp. has a 52-week low of $31.25 and a 52-week high of $38.95. The firm has a market capitalization of $6.82 billion, a PE ratio of 16.44, a price-to-earnings-growth ratio of 3.16 and a beta of 0.73. The company has a current ratio of 0.65, a quick ratio of 0.30 and a debt-to-equity ratio of 0.96.

OGE Energy (NYSE:OGE - Get Free Report) last released its quarterly earnings data on Tuesday, February 20th. The utilities provider reported $0.24 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.20 by $0.04. OGE Energy had a net margin of 15.59% and a return on equity of 9.37%. The firm had revenue of $566.70 million for the quarter, compared to analysts' expectations of $986.67 million. During the same quarter in the previous year, the company earned $0.25 earnings per share. The company's revenue for the quarter was down 20.4% compared to the same quarter last year. Equities analysts expect that OGE Energy Corp. will post 2.14 earnings per share for the current fiscal year.

OGE Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 26th. Shareholders of record on Monday, April 8th will be given a $0.418 dividend. This represents a $1.67 dividend on an annualized basis and a dividend yield of 4.91%. The ex-dividend date is Friday, April 5th. OGE Energy's payout ratio is 80.68%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. TheStreet downgraded shares of OGE Energy from a "b" rating to a "c+" rating in a report on Wednesday, February 21st. StockNews.com downgraded shares of OGE Energy from a "hold" rating to a "sell" rating in a research note on Friday. Barclays lowered their price target on shares of OGE Energy from $35.00 to $34.00 and set an "overweight" rating for the company in a research note on Thursday, March 14th. Finally, LADENBURG THALM/SH SH downgraded shares of OGE Energy from a "buy" rating to a "neutral" rating and lowered their price target for the stock from $36.00 to $34.00 in a research note on Tuesday, January 16th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, OGE Energy currently has an average rating of "Hold" and a consensus target price of $33.40.

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.