OGE Energy Corp. (NYSE:OGE) Holdings Increased by Scissortail Wealth Management LLC

Scissortail Wealth Management LLC lifted its stake in OGE Energy Corp. (NYSE:OGE - Free Report) by 224,487.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,967 shares of the utilities provider's stock after acquiring an additional 17,959 shares during the period. Scissortail Wealth Management LLC's holdings in OGE Energy were worth $741,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in OGE. Headlands Technologies LLC bought a new stake in OGE Energy during the fourth quarter worth approximately $27,000. Bessemer Group Inc. increased its position in shares of OGE Energy by 102.0% during the 4th quarter. Bessemer Group Inc. now owns 715 shares of the utilities provider's stock valued at $30,000 after purchasing an additional 361 shares during the period. Stonebridge Financial Group LLC bought a new stake in shares of OGE Energy in the 4th quarter worth $35,000. Principal Securities Inc. lifted its holdings in shares of OGE Energy by 204.7% in the fourth quarter. Principal Securities Inc. now owns 981 shares of the utilities provider's stock valued at $40,000 after buying an additional 659 shares during the period. Finally, BankPlus Trust Department bought a new position in OGE Energy during the fourth quarter valued at about $44,000. 71.84% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, insider William H. Sultemeier sold 6,650 shares of the stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $45.54, for a total value of $302,841.00. Following the completion of the sale, the insider now owns 72,548 shares in the company, valued at $3,303,835.92. This represents a 8.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.55% of the company's stock.

OGE Energy Trading Up 1.0%

Shares of OGE opened at $44.36 on Friday. The business's 50-day moving average price is $44.61 and its 200 day moving average price is $43.30. The company has a current ratio of 0.73, a quick ratio of 0.51 and a debt-to-equity ratio of 1.08. The stock has a market capitalization of $8.93 billion, a P/E ratio of 20.16, a P/E/G ratio of 3.30 and a beta of 0.61. OGE Energy Corp. has a 1-year low of $34.20 and a 1-year high of $46.91.

OGE Energy (NYSE:OGE - Get Free Report) last announced its earnings results on Wednesday, April 30th. The utilities provider reported $0.31 EPS for the quarter, topping the consensus estimate of $0.22 by $0.09. The company had revenue of $747.70 million during the quarter, compared to analysts' expectations of $695.59 million. OGE Energy had a net margin of 14.79% and a return on equity of 9.71%. The business's revenue for the quarter was up 25.3% on a year-over-year basis. During the same period last year, the company posted $0.09 earnings per share. Analysts expect that OGE Energy Corp. will post 2.27 earnings per share for the current year.

OGE Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 25th. Investors of record on Monday, July 7th will be paid a $0.4213 dividend. This represents a $1.69 dividend on an annualized basis and a yield of 3.80%. The ex-dividend date of this dividend is Monday, July 7th. OGE Energy's dividend payout ratio is 69.42%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Argus raised OGE Energy from a "hold" rating to a "buy" rating and set a $47.00 target price on the stock in a report on Friday, April 11th. Evercore ISI raised shares of OGE Energy from an "in-line" rating to an "outperform" rating and lifted their price objective for the stock from $40.00 to $47.00 in a research note on Tuesday, January 21st. Wells Fargo & Company increased their target price on shares of OGE Energy from $46.00 to $47.00 and gave the company an "equal weight" rating in a research note on Thursday, May 1st. Barclays raised their target price on shares of OGE Energy from $44.00 to $45.00 and gave the stock an "equal weight" rating in a report on Tuesday, April 22nd. Finally, LADENBURG THALM/SH SH upgraded shares of OGE Energy to a "hold" rating in a research report on Friday, May 9th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $46.40.

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.

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