92,374 Shares in OGE Energy Corp. (NYSE:OGE) Bought by Smith Graham & Co. Investment Advisors LP

Smith Graham & Co. Investment Advisors LP bought a new position in shares of OGE Energy Corp. (NYSE:OGE - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 92,374 shares of the utilities provider's stock, valued at approximately $3,227,000.

Other large investors have also recently added to or reduced their stakes in the company. BlackRock Inc. lifted its holdings in shares of OGE Energy by 1.5% during the first quarter. BlackRock Inc. now owns 24,046,611 shares of the utilities provider's stock worth $905,595,000 after buying 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 third quarter. Vanguard Group Inc. now owns 20,674,150 shares of the utilities provider's stock worth $753,780,000 after buying 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 fourth quarter. Moneta Group Investment Advisors LLC now owns 7,361,568 shares of the utilities provider's stock worth $291,150,000 after buying 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 third quarter. State Street Corp now owns 7,122,492 shares of the utilities provider's stock worth $259,686,000 after buying 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 third quarter. ClearBridge Investments Ltd now owns 6,684,861 shares of the utilities provider's stock worth $222,806,000 after buying an additional 252,456 shares during the last quarter. Institutional investors own 71.84% of the company's stock.

OGE Energy Price Performance

OGE Energy stock traded down $0.16 during mid-day trading on Friday, hitting $32.92. 1,003,953 shares of the company were exchanged, compared to its average volume of 1,686,748. The company has a quick ratio of 0.30, a current ratio of 0.65 and a debt-to-equity ratio of 0.96. The business has a fifty day moving average of $33.45 and a 200 day moving average of $34.03. OGE Energy Corp. has a 1-year low of $31.25 and a 1-year high of $38.35. The company has a market capitalization of $6.60 billion, a PE ratio of 15.90, a price-to-earnings-growth ratio of 3.10 and a beta of 0.73.

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, topping the consensus estimate of $0.20 by $0.04. OGE Energy had a return on equity of 9.37% and a net margin of 15.59%. The firm had revenue of $566.70 million during the quarter, compared to analyst estimates of $986.67 million. During the same period in the prior year, the company posted $0.25 earnings per share. The business's revenue for the quarter was down 20.4% compared to the same quarter last year. As a group, sell-side analysts expect that OGE Energy Corp. will post 2.13 earnings per share for the current year.

OGE Energy Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 26th. Stockholders of record on Monday, April 8th will be paid a $0.418 dividend. The ex-dividend date of this dividend is Friday, April 5th. This represents a $1.67 dividend on an annualized basis and a dividend yield of 5.08%. OGE Energy's dividend payout ratio (DPR) is presently 80.68%.

Analysts Set New Price Targets

A number of brokerages have recently commented on OGE. Barclays cut their price target on OGE Energy from $35.00 to $34.00 and set an "overweight" rating for the company in a report on Thursday, March 14th. TheStreet lowered OGE Energy from a "b" rating to a "c+" rating in a research note on Wednesday, February 21st. StockNews.com lowered OGE Energy from a "hold" rating to a "sell" rating in a research note on Friday, April 5th. Finally, LADENBURG THALM/SH SH lowered OGE Energy from a "buy" rating to a "neutral" rating and cut their target price for the company from $36.00 to $34.00 in a research note on Tuesday, January 16th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $33.40.

Insider Activity

In other news, VP Cristina F. Mcquistion sold 4,187 shares of the firm's stock in a transaction 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 directly owns 25,926 shares in the company, valued at $879,409.92. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.42% of the stock is currently owned by corporate insiders.

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.