Hall Laurie J Trustee Has $124,000 Position in OGE Energy Corp. (NYSE:OGE)

Hall Laurie J Trustee decreased its position in shares of OGE Energy Corp. (NYSE:OGE) by 25.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,000 shares of the utilities provider’s stock after selling 1,000 shares during the quarter. Hall Laurie J Trustee’s holdings in OGE Energy were worth $124,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. FMR LLC lifted its stake in shares of OGE Energy by 16.3% during the third quarter. FMR LLC now owns 558,967 shares of the utilities provider’s stock valued at $22,929,000 after acquiring an additional 78,164 shares during the period. PEAK6 Investments LLC acquired a new position in OGE Energy during the 3rd quarter valued at about $783,000. Navellier & Associates Inc. bought a new position in shares of OGE Energy in the 3rd quarter valued at about $785,000. BNP Paribas Financial Markets grew its position in shares of OGE Energy by 316.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 34,752 shares of the utilities provider’s stock worth $1,426,000 after buying an additional 26,411 shares during the period. Finally, Harbor Capital Advisors Inc. raised its stake in shares of OGE Energy by 83.4% during the fourth quarter. Harbor Capital Advisors Inc. now owns 95,691 shares of the utilities provider’s stock worth $3,947,000 after buying an additional 43,529 shares during the last quarter. 71.84% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other OGE Energy news, VP Cristina F. Mcquistion sold 5,008 shares of the stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $42.84, for a total value of $214,542.72. Following the completion of the sale, the vice president now directly owns 20,918 shares in the company, valued at $896,127.12. This represents a 19.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.53% of the stock is currently owned by company insiders.

OGE Energy Price Performance

Shares of OGE opened at $42.61 on Monday. The stock has a market cap of $8.56 billion, a P/E ratio of 22.08, a price-to-earnings-growth ratio of 3.40 and a beta of 0.77. OGE Energy Corp. has a 1 year low of $32.06 and a 1 year high of $44.41. The stock’s 50-day moving average price is $42.09 and its two-hundred day moving average price is $40.39. The company has a current ratio of 0.86, a quick ratio of 0.51 and a debt-to-equity ratio of 1.09.

OGE Energy (NYSE:OGE) last released its quarterly earnings data on Tuesday, November 5th. The utilities provider reported $1.09 earnings per share for the quarter, missing the consensus estimate of $1.12 by ($0.03). The firm had revenue of $965.40 million for the quarter, compared to the consensus estimate of $1.02 billion. OGE Energy had a return on equity of 8.59% and a net margin of 13.89%. The firm’s revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.20 EPS. On average, equities analysts predict that OGE Energy Corp. will post 2.16 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, January 31st. Investors of record on Monday, January 6th will be given a $0.4213 dividend. This represents a $1.69 dividend on an annualized basis and a dividend yield of 3.95%. The ex-dividend date is Monday, January 6th. OGE Energy’s dividend payout ratio is currently 87.05%.

Analysts Set New Price Targets

Separately, Barclays raised their price objective on shares of OGE Energy from $39.00 to $42.00 and gave the company an “equal weight” rating in a research note on Monday, October 21st. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $42.67.

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.