Gries Financial LLC Purchases 514 Shares of OGE Energy Corp. (NYSE:OGE)

Gries Financial LLC grew its position in shares of OGE Energy Corp. (NYSE:OGE) by 1.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 30,877 shares of the utilities provider’s stock after purchasing an additional 514 shares during the quarter. Gries Financial LLC’s holdings in OGE Energy were worth $1,274,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. International Assets Investment Management LLC grew its position in OGE Energy by 3,834.0% during the 3rd quarter. International Assets Investment Management LLC now owns 748,608 shares of the utilities provider’s stock worth $30,708,000 after acquiring an additional 729,579 shares during the last quarter. Verition Fund Management LLC raised its stake in OGE Energy by 25.2% during the third quarter. Verition Fund Management LLC now owns 1,318,556 shares of the utilities provider’s stock valued at $54,087,000 after buying an additional 265,115 shares during the last quarter. State Street Corp grew its holdings in shares of OGE Energy by 2.8% in the third quarter. State Street Corp now owns 6,836,303 shares of the utilities provider’s stock worth $280,425,000 after acquiring an additional 185,069 shares during the period. Hotchkis & Wiley Capital Management LLC grew its holdings in shares of OGE Energy by 34.1% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 605,590 shares of the utilities provider’s stock worth $24,841,000 after acquiring an additional 154,000 shares during the period. Finally, National Bank of Canada FI bought a new stake in shares of OGE Energy in the third quarter worth $4,106,000. 71.84% of the stock is currently owned by institutional investors.

Insider Activity

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 transaction of $214,542.72. Following the sale, the vice president now directly owns 20,918 shares of the company’s stock, valued at approximately $896,127.12. This trade represents a 19.32 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.53% of the company’s stock.

OGE Energy Trading Down 0.1 %

OGE opened at $42.12 on Thursday. The stock has a market cap of $8.46 billion, a price-to-earnings ratio of 21.82, a P/E/G ratio of 3.63 and a beta of 0.77. The stock’s 50 day moving average price is $42.04 and its 200-day moving average price is $40.75. OGE Energy Corp. has a one year low of $32.06 and a one year high of $44.41. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.51 and a current ratio of 0.86.

OGE Energy (NYSE:OGE) last announced its quarterly earnings data on Tuesday, November 5th. The utilities provider reported $1.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.12 by ($0.03). OGE Energy had a return on equity of 8.59% and a net margin of 13.89%. The firm had revenue of $965.40 million during the quarter, compared to the consensus estimate of $1.02 billion. During the same period last year, the company earned $1.20 EPS. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. On average, equities analysts forecast that OGE Energy Corp. will post 2.16 EPS for the current year.

OGE Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Monday, January 6th will be issued a dividend of $0.4213 per share. The ex-dividend date is Monday, January 6th. This represents a $1.69 dividend on an annualized basis and a yield of 4.00%. OGE Energy’s dividend payout ratio is currently 87.05%.

Analysts Set New Price Targets

Several analysts have issued reports on the company. 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. Barclays decreased their target price on OGE Energy from $43.00 to $42.00 and set an “equal weight” rating on the stock in a research report on Friday, January 24th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $45.00.

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.