SG Americas Securities LLC Decreases Holdings in OGE Energy Corp. (NYSE:OGE)

SG Americas Securities LLC lowered its holdings in OGE Energy Corp. (NYSE:OGE - Free Report) by 97.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,154 shares of the utilities provider's stock after selling 154,588 shares during the period. SG Americas Securities LLC's holdings in OGE Energy were worth $145,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Lazard Asset Management LLC acquired a new position in shares of OGE Energy in the 2nd quarter valued at approximately $28,000. Sunbelt Securities Inc. acquired a new position in shares of OGE Energy in the 1st quarter valued at approximately $32,000. Authentikos Wealth Advisory LLC acquired a new position in OGE Energy during the 3rd quarter worth approximately $43,000. Avior Wealth Management LLC increased its position 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 worth $49,000 after purchasing an additional 1,248 shares in the last quarter. Finally, Compass Wealth Management LLC acquired a new position in OGE Energy during the 4th quarter worth approximately $65,000. Institutional investors own 71.84% of the company's stock.

OGE Energy Trading Up 1.4 %

NYSE OGE traded up $0.45 on Wednesday, hitting $32.94. The company's stock had a trading volume of 1,120,819 shares, compared to its average volume of 1,570,195. The company has a quick ratio of 0.30, a current ratio of 0.65 and a debt-to-equity ratio of 0.96. OGE Energy Corp. has a 1-year low of $31.25 and a 1-year high of $38.04. The company's 50-day moving average is $33.46 and its 200 day moving average is $34.02. The firm has a market cap of $6.61 billion, a PE ratio of 15.70, a PEG ratio of 3.08 and a beta of 0.73.

OGE Energy (NYSE:OGE - Get Free Report) last announced its quarterly earnings results on Tuesday, February 20th. The utilities provider reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts' expectations of $986.67 million. During the same period in the prior year, the company posted $0.25 EPS. The company's revenue was down 20.4% on a year-over-year basis. As a group, analysts predict that OGE Energy Corp. will post 2.13 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. Stockholders of record on Monday, April 8th will be paid a $0.418 dividend. This represents a $1.67 dividend on an annualized basis and a dividend yield of 5.08%. The ex-dividend date is Friday, April 5th. OGE Energy's dividend payout ratio is currently 80.68%.

Insider Activity

In other news, VP Cristina F. Mcquistion sold 4,187 shares of the company's stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $33.92, for a total value of $142,023.04. Following the sale, the vice president now directly owns 25,926 shares of the company's stock, valued at approximately $879,409.92. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.53% of the company's stock.

Analysts Set New Price Targets

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