Ontario Teachers Pension Plan Board Reduces Holdings in OGE Energy Corp. (NYSE:OGE)

Ontario Teachers Pension Plan Board lowered its stake in shares of OGE Energy Corp. (NYSE:OGE - Free Report) by 15.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 159,676 shares of the utilities provider's stock after selling 28,996 shares during the period. Ontario Teachers Pension Plan Board owned 0.08% of OGE Energy worth $5,577,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Boston Partners purchased a new stake in shares of OGE Energy during the 4th quarter worth $128,381,000. Norges Bank purchased a new stake in shares of OGE Energy during the fourth quarter valued at about $49,274,000. Miller Howard Investments Inc. NY boosted its holdings in shares of OGE Energy by 1,219.3% in the 4th quarter. Miller Howard Investments Inc. NY now owns 769,053 shares of the utilities provider's stock valued at $26,863,000 after buying an additional 710,761 shares in the last quarter. International Assets Investment Management LLC grew its position in shares of OGE Energy by 3,716.2% in the 4th quarter. International Assets Investment Management LLC now owns 728,161 shares of the utilities provider's stock worth $25,435,000 after buying an additional 709,080 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC raised its stake in shares of OGE Energy by 28.6% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 3,083,472 shares of the utilities provider's stock worth $102,772,000 after acquiring an additional 686,174 shares in the last quarter. Institutional investors own 71.84% of the company's stock.

OGE Energy Stock Performance

OGE stock traded down $0.63 during midday trading on Wednesday, reaching $36.57. The stock had a trading volume of 817,908 shares, compared to its average volume of 1,543,728. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.23 and a current ratio of 0.51. The firm has a fifty day simple moving average of $34.58 and a two-hundred day simple moving average of $34.32. The stock has a market cap of $7.33 billion, a PE ratio of 18.56, a P/E/G ratio of 3.47 and a beta of 0.72. OGE Energy Corp. has a 52-week low of $31.25 and a 52-week high of $37.30.

OGE Energy (NYSE:OGE - Get Free Report) last released its earnings results on Wednesday, May 1st. The utilities provider reported $0.09 EPS for the quarter, missing analysts' consensus estimates of $0.35 by ($0.26). OGE Energy had a return on equity of 8.89% and a net margin of 14.63%. The firm had revenue of $596.80 million for the quarter, compared to analyst estimates of $607.37 million. During the same period last year, the firm earned $0.19 EPS. The company's revenue for the quarter was up 7.0% compared to the same quarter last year. As a group, equities research analysts anticipate that OGE Energy Corp. will post 2.13 EPS for the current year.

OGE Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 26th. Stockholders of record on Monday, July 8th will be paid a $0.418 dividend. The ex-dividend date of this dividend is Monday, July 8th. This represents a $1.67 dividend on an annualized basis and a dividend yield of 4.57%. OGE Energy's payout ratio is currently 84.77%.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other OGE Energy 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 $879,409.92. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.53% of the stock is currently owned by corporate insiders.

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.