International Assets Investment Management LLC Increases Stock Holdings in OGE Energy Corp. (NYSE:OGE)

International Assets Investment Management LLC increased its position in OGE Energy Corp. (NYSE:OGE - Free Report) by 3,716.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 728,161 shares of the utilities provider's stock after acquiring an additional 709,080 shares during the quarter. International Assets Investment Management LLC owned about 0.36% of OGE Energy worth $25,435,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the company. Lazard Asset Management LLC purchased a new position in OGE Energy during the 2nd quarter valued at about $28,000. Sunbelt Securities Inc. purchased a new position in OGE Energy during the 1st quarter valued at about $32,000. Authentikos Wealth Advisory LLC purchased a new position in OGE Energy during the 3rd quarter valued at about $43,000. Avior Wealth Management LLC grew its holdings in OGE Energy by 572.5% during the 3rd quarter. Avior Wealth Management LLC now owns 1,466 shares of the utilities provider's stock valued at $49,000 after buying an additional 1,248 shares in the last quarter. Finally, Compass Wealth Management LLC purchased a new position in OGE Energy during the 4th quarter valued at about $65,000. Hedge funds and other institutional investors own 71.84% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Barclays reduced their target price on OGE Energy from $35.00 to $34.00 and set an "overweight" rating for the company in a report on Thursday, March 14th. StockNews.com downgraded OGE Energy from a "hold" rating to a "sell" rating in a research report on Friday, April 5th. LADENBURG THALM/SH SH downgraded OGE Energy from a "buy" rating to a "neutral" rating and dropped their price target for the company from $36.00 to $34.00 in a research report on Tuesday, January 16th. Finally, TheStreet downgraded OGE Energy from a "b" rating to a "c+" rating in a research report on Wednesday, February 21st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $33.40.

Insider Buying and Selling

In related news, VP Cristina F. Mcquistion sold 4,187 shares of the business's stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $33.92, for a total value of $142,023.04. Following the completion of the sale, the vice president now owns 25,926 shares in the company, valued at approximately $879,409.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.42% of the stock is currently owned by corporate insiders.

OGE Energy Price Performance

Shares of OGE traded down $1.14 during trading hours on Wednesday, reaching $33.08. 1,823,945 shares of the company's stock traded hands, compared to its average volume of 1,590,276. The stock has a market cap of $6.63 billion, a PE ratio of 16.53, a price-to-earnings-growth ratio of 3.19 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. The firm's 50 day simple moving average is $33.48 and its 200-day simple moving average is $34.06. OGE Energy Corp. has a 12 month low of $31.25 and a 12 month high of $38.95.

OGE Energy (NYSE:OGE - Get Free Report) last issued its quarterly earnings results 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. The firm had revenue of $566.70 million during the quarter, compared to the consensus estimate of $986.67 million. OGE Energy had a return on equity of 9.37% and a net margin of 15.59%. The company's revenue for the quarter was down 20.4% on a year-over-year basis. During the same quarter last year, the company posted $0.25 EPS. Equities analysts expect that OGE Energy Corp. will post 2.14 EPS for the current year.

OGE Energy Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 26th. Investors of record on Monday, April 8th will be given a $0.418 dividend. The ex-dividend date is Friday, April 5th. This represents a $1.67 dividend on an annualized basis and a yield of 5.05%. OGE Energy's payout ratio is 80.68%.

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.