OGE Energy Corp. (NYSE:OGE) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas decreased its holdings in shares of OGE Energy Corp. (NYSE:OGE - Free Report) by 29.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 54,683 shares of the utilities provider's stock after selling 23,363 shares during the period. Teacher Retirement System of Texas' holdings in OGE Energy were worth $1,910,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Coldstream Capital Management Inc. boosted its stake in shares of OGE Energy by 7.4% during the third quarter. Coldstream Capital Management Inc. now owns 7,939 shares of the utilities provider's stock worth $265,000 after buying an additional 544 shares during the period. Smith Graham & Co. Investment Advisors LP acquired a new stake in shares of OGE Energy during the fourth quarter worth about $3,227,000. California Public Employees Retirement System boosted its stake in shares of OGE Energy by 30.4% during the third quarter. California Public Employees Retirement System now owns 1,046,440 shares of the utilities provider's stock worth $34,878,000 after buying an additional 244,140 shares during the period. TCG Advisory Services LLC boosted its stake in shares of OGE Energy by 2,422.2% during the fourth quarter. TCG Advisory Services LLC now owns 154,030 shares of the utilities provider's stock worth $5,380,000 after buying an additional 147,923 shares during the period. Finally, Louisiana State Employees Retirement System acquired a new stake in shares of OGE Energy during the fourth quarter worth about $1,967,000. Institutional investors and hedge funds own 71.84% of the company's stock.

Insider Activity

In other news, VP Cristina F. Mcquistion sold 4,187 shares of the stock in a transaction that occurred 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 in the company, valued at $879,409.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.53% of the company's stock.

Analysts Set New Price Targets

Several research firms recently issued reports on OGE. StockNews.com raised shares of OGE Energy from a "sell" rating to a "hold" rating in a report on Tuesday, April 23rd. Barclays cut shares of OGE Energy from an "overweight" rating to an "equal weight" rating and set a $34.00 price target for the company. in a report on Monday, April 22nd. Finally, TheStreet cut shares of OGE Energy from a "b" rating to a "c+" rating in a report on Wednesday, February 21st. Five equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, OGE Energy has an average rating of "Hold" and a consensus target price of $33.40.

OGE Energy Price Performance

OGE Energy stock traded up $0.13 during mid-day trading on Friday, reaching $36.96. The company had a trading volume of 875,905 shares, compared to its average volume of 1,600,334. OGE Energy Corp. has a 1 year low of $31.25 and a 1 year high of $37.23. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.51 and a quick ratio of 0.23. The company has a market capitalization of $7.41 billion, a P/E ratio of 18.76, a P/E/G ratio of 3.45 and a beta of 0.72. The stock's 50-day simple moving average is $34.40 and its 200-day simple moving average is $34.28.

OGE Energy (NYSE:OGE - Get Free Report) last issued its earnings results on Wednesday, May 1st. The utilities provider reported $0.09 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.35 by ($0.26). OGE Energy had a net margin of 14.63% and a return on equity of 8.89%. The company had revenue of $596.80 million during the quarter, compared to analysts' expectations of $607.37 million. During the same period last year, the business posted $0.19 earnings per share. The company's quarterly revenue was up 7.0% on a year-over-year basis. On average, equities analysts predict that OGE Energy Corp. will post 2.13 EPS for the current year.

OGE Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 26th. Stockholders of record on Monday, July 8th will be given a $0.418 dividend. The ex-dividend date of this dividend is Monday, July 8th. This represents a $1.67 annualized dividend and a dividend yield of 4.52%. OGE Energy's dividend payout ratio is presently 84.77%.

About OGE Energy

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.