ProShare Advisors LLC Has $33.85 Million Holdings in OGE Energy Corp. (NYSE:OGE)

ProShare Advisors LLC decreased its position in OGE Energy Corp. (NYSE:OGE - Free Report) by 3.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 820,634 shares of the utilities provider's stock after selling 30,165 shares during the quarter. ProShare Advisors LLC owned 0.41% of OGE Energy worth $33,851,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of 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 purchasing an additional 203,129 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its holdings in OGE Energy by 15.8% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 6,174,558 shares of the utilities provider's stock worth $254,701,000 after acquiring an additional 844,679 shares during the last quarter. Boston Partners grew its holdings in OGE Energy by 6.6% during the 4th quarter. Boston Partners now owns 4,182,795 shares of the utilities provider's stock worth $172,554,000 after acquiring an additional 258,989 shares during the last quarter. Northern Trust Corp grew its holdings in OGE Energy by 29.3% during the 4th quarter. Northern Trust Corp now owns 3,562,014 shares of the utilities provider's stock worth $146,933,000 after acquiring an additional 807,690 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in OGE Energy by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 3,364,886 shares of the utilities provider's stock worth $138,845,000 after acquiring an additional 15,415 shares during the last quarter. Institutional investors own 71.84% of the company's stock.

OGE Energy Trading Up 0.6%

Shares of NYSE:OGE traded up $0.27 during mid-day trading on Monday, reaching $44.63. The stock had a trading volume of 1,036,116 shares, compared to its average volume of 1,131,139. The firm has a market cap of $8.99 billion, a PE ratio of 20.29, a price-to-earnings-growth ratio of 3.30 and a beta of 0.61. The firm has a 50 day simple moving average of $44.61 and a two-hundred day simple moving average of $43.35. The company has a current ratio of 0.73, a quick ratio of 0.51 and a debt-to-equity ratio of 1.08. OGE Energy Corp. has a twelve month low of $34.20 and a twelve month high of $46.91.

OGE Energy (NYSE:OGE - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The utilities provider reported $0.31 earnings per share for the quarter, beating analysts' consensus estimates of $0.22 by $0.09. The business had revenue of $747.70 million for the quarter, compared to the consensus estimate of $695.59 million. OGE Energy had a net margin of 14.79% and a return on equity of 9.71%. OGE Energy'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 EPS. On average, research analysts predict that OGE Energy Corp. will post 2.27 EPS for the current fiscal year.

OGE Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 25th. Shareholders of record on Monday, July 7th will be issued a dividend of $0.4213 per share. The ex-dividend date is Monday, July 7th. This represents a $1.69 annualized dividend and a yield of 3.78%. OGE Energy's dividend payout ratio (DPR) is currently 69.42%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Wells Fargo & Company increased their price objective on shares of OGE Energy from $46.00 to $47.00 and gave the stock an "equal weight" rating in a report on Thursday, May 1st. Argus raised shares of OGE Energy from a "hold" rating to a "buy" rating and set a $47.00 price objective on the stock in a report on Friday, April 11th. Barclays raised their target price 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 raised shares of OGE Energy from an "in-line" rating to an "outperform" rating and raised their target price for the company from $40.00 to $47.00 in a research note on Tuesday, January 21st. Finally, LADENBURG THALM/SH SH raised shares of OGE Energy to a "hold" rating in a research note on Friday, May 9th. 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, OGE Energy has a consensus rating of "Moderate Buy" and a consensus price target of $46.40.

Insiders Place Their Bets

In other OGE Energy news, insider William H. Sultemeier sold 6,650 shares of the firm's stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $45.54, for a total transaction of $302,841.00. Following the sale, the insider now directly owns 72,548 shares in the company, valued at approximately $3,303,835.92. This trade represents a 8.40% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.55% of the company's stock.

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.