Envestnet Asset Management Inc. Sells 6,275 Shares of OGE Energy Corp. (NYSE:OGE)

Envestnet Asset Management Inc. lowered its holdings in shares of OGE Energy Corp. (NYSE:OGE - Free Report) by 6.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 86,172 shares of the utilities provider's stock after selling 6,275 shares during the period. Envestnet Asset Management Inc.'s holdings in OGE Energy were worth $3,555,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in OGE. Vanguard Group Inc. raised its holdings in OGE Energy by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 21,413,588 shares of the utilities provider's stock worth $883,311,000 after acquiring an additional 203,129 shares during the last quarter. Boston Partners raised its stake in shares of OGE Energy by 6.6% in the fourth quarter. Boston Partners now owns 4,182,795 shares of the utilities provider's stock worth $172,554,000 after purchasing an additional 258,989 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of OGE Energy by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 3,364,886 shares of the utilities provider's stock worth $138,845,000 after purchasing an additional 15,415 shares during the last quarter. Duff & Phelps Investment Management Co. lifted its holdings in shares of OGE Energy by 11.7% during the fourth quarter. Duff & Phelps Investment Management Co. now owns 2,089,289 shares of the utilities provider's stock valued at $86,183,000 after purchasing an additional 218,509 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of OGE Energy during the fourth quarter valued at $68,876,000. Hedge funds and other institutional investors own 71.84% of the company's stock.

OGE Energy Price Performance

Shares of OGE stock traded down $0.28 during trading hours on Wednesday, hitting $45.43. The stock had a trading volume of 2,221,852 shares, compared to its average volume of 1,145,813. The stock's 50-day moving average price is $44.76 and its two-hundred day moving average price is $43.00. OGE Energy Corp. has a one year low of $34.18 and a one year high of $46.91. The stock has a market capitalization of $9.15 billion, a price-to-earnings ratio of 20.65, a PEG ratio of 3.30 and a beta of 0.57. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.73 and a quick ratio of 0.51.

OGE Energy (NYSE:OGE - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The utilities provider reported $0.31 EPS for the quarter, beating the consensus estimate of $0.22 by $0.09. OGE Energy had a net margin of 14.79% and a return on equity of 9.71%. The business had revenue of $747.70 million during the quarter, compared to analyst estimates of $695.59 million. During the same quarter last year, the business earned $0.09 earnings per share. OGE Energy's quarterly revenue was up 25.3% compared to the same quarter last year. Equities analysts forecast that OGE Energy Corp. will post 2.27 EPS for the current year.

OGE Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Monday, April 7th were issued a dividend of $0.4213 per share. The ex-dividend date was Monday, April 7th. This represents a $1.69 annualized dividend and a yield of 3.71%. OGE Energy's payout ratio is presently 76.36%.

Analyst Ratings Changes

Several research firms have issued reports on OGE. LADENBURG THALM/SH SH upgraded shares of OGE Energy to a "hold" rating in a research note on Tuesday, April 22nd. Evercore ISI raised OGE Energy from an "in-line" rating to an "outperform" rating and boosted their price target for the company from $40.00 to $47.00 in a report on Tuesday, January 21st. Argus upgraded shares of OGE Energy from a "hold" rating to a "buy" rating and set a $47.00 price objective on the stock in a research report on Friday, April 11th. Finally, Barclays upped their price target on OGE Energy from $44.00 to $45.00 and gave the stock an "equal weight" rating in a research note on Tuesday, April 22nd. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, OGE Energy has an average rating of "Moderate Buy" and a consensus target price of $46.25.

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.