OGE Energy Corp. (NYSE:OGE) Shares Sold by Centiva Capital LP

Centiva Capital LP decreased its position in OGE Energy Corp. (NYSE:OGE - Free Report) by 74.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,542 shares of the utilities provider's stock after selling 21,707 shares during the quarter. Centiva Capital LP's holdings in OGE Energy were worth $311,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Norges Bank bought a new stake in OGE Energy in the fourth quarter valued at $68,876,000. Cohen & Steers Inc. bought a new stake in OGE Energy in the fourth quarter valued at $43,618,000. T. Rowe Price Investment Management Inc. lifted its stake in OGE Energy by 15.8% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 6,174,558 shares of the utilities provider's stock valued at $254,701,000 after buying an additional 844,679 shares during the last quarter. Northern Trust Corp lifted its stake in OGE Energy by 29.3% in the fourth quarter. Northern Trust Corp now owns 3,562,014 shares of the utilities provider's stock valued at $146,933,000 after buying an additional 807,690 shares during the last quarter. Finally, Balyasny Asset Management L.P. lifted its stake in OGE Energy by 245.0% in the fourth quarter. Balyasny Asset Management L.P. now owns 589,867 shares of the utilities provider's stock valued at $24,332,000 after buying an additional 418,906 shares during the last quarter. Institutional investors and hedge funds own 71.84% of the company's stock.

Insider Buying and Selling at OGE Energy

In related news, insider William H. Sultemeier sold 6,650 shares of the firm's stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $45.54, for a total value of $302,841.00. Following the transaction, the insider now owns 72,548 shares in the company, valued at $3,303,835.92. This trade represents a 8.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.55% of the company's stock.

OGE Energy Stock Down 1.9%

OGE opened at $43.54 on Tuesday. The business has a 50 day moving average price of $44.65 and a 200 day moving average price of $43.26. OGE Energy Corp. has a twelve month low of $34.20 and a twelve month high of $46.91. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.51 and a current ratio of 0.73. The firm has a market cap of $8.77 billion, a P/E ratio of 19.79, a price-to-earnings-growth ratio of 3.30 and a beta of 0.61.

OGE Energy (NYSE:OGE - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The utilities provider reported $0.31 EPS for the quarter, topping analysts' consensus estimates of $0.22 by $0.09. OGE Energy had a return on equity of 9.71% and a net margin of 14.79%. The company had revenue of $747.70 million during the quarter, compared to analyst estimates of $695.59 million. During the same period in the previous year, the company earned $0.09 earnings per share. The company's quarterly revenue was up 25.3% compared to the same quarter last year. Research 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. Shareholders of record on Monday, April 7th were given a $0.4213 dividend. This represents a $1.69 dividend on an annualized basis and a yield of 3.87%. The ex-dividend date of this dividend was Monday, April 7th. OGE Energy's dividend payout ratio (DPR) is 69.42%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on OGE shares. Wells Fargo & Company raised their target price on 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 lifted their price objective on shares of OGE Energy from $44.00 to $45.00 and gave the company an "equal weight" rating in a research note on Tuesday, April 22nd. Evercore ISI upgraded shares of OGE Energy from an "in-line" rating to an "outperform" rating and lifted their price objective for the company from $40.00 to $47.00 in a research note 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 note on Friday, April 11th. Finally, LADENBURG THALM/SH SH upgraded shares of OGE Energy to a "hold" rating in a research note on Tuesday, April 22nd. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $46.40.

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.

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