OGE Energy Corp. (NYSE:OGE) Shares Sold by VAUGHAN & Co SECURITIES INC.

VAUGHAN & Co SECURITIES INC. lowered its position in OGE Energy Corp. (NYSE:OGE) by 1.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,459 shares of the utilities provider’s stock after selling 327 shares during the quarter. OGE Energy comprises approximately 0.4% of VAUGHAN & Co SECURITIES INC.’s investment portfolio, making the stock its 29th biggest holding. VAUGHAN & Co SECURITIES INC.’s holdings in OGE Energy were worth $720,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC increased its holdings in shares of OGE Energy by 18.3% during the third quarter. GAMMA Investing LLC now owns 4,390 shares of the utilities provider’s stock valued at $180,000 after purchasing an additional 679 shares during the period. UMB Bank n.a. raised its position in shares of OGE Energy by 5.3% during the 3rd quarter. UMB Bank n.a. now owns 7,694 shares of the utilities provider’s stock worth $316,000 after buying an additional 390 shares in the last quarter. Quotient Wealth Partners LLC acquired a new position in shares of OGE Energy during the third quarter valued at approximately $201,000. JBR Co Financial Management Inc increased its position in shares of OGE Energy by 0.7% during the 3rd quarter. JBR Co Financial Management Inc now owns 73,545 shares of the utilities provider’s stock valued at $3,017,000 after purchasing an additional 525 shares during the period. Finally, Creative Planning raised its stake in shares of OGE Energy by 5.9% in the 3rd quarter. Creative Planning now owns 123,187 shares of the utilities provider’s stock worth $5,053,000 after buying an additional 6,894 shares in the last quarter. Institutional investors own 71.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on OGE shares. Barclays decreased their target price on OGE Energy from $43.00 to $42.00 and set an “equal weight” rating for the company in a research note on Friday, January 24th. Evercore ISI raised shares of OGE Energy from an “in-line” rating to an “outperform” rating and lifted their price objective for the stock from $40.00 to $47.00 in a research note on Tuesday, January 21st. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, OGE Energy currently has a consensus rating of “Hold” and an average target price of $45.00.

Insider Buying and Selling

In other news, VP Cristina F. Mcquistion sold 5,008 shares of the company’s 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 transaction, the vice president now owns 20,918 shares in the company, valued at $896,127.12. This represents a 19.32 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.53% of the company’s stock.

OGE Energy Trading Up 0.6 %

Shares of OGE opened at $42.62 on Thursday. 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 Corp. has a 1-year low of $32.06 and a 1-year high of $44.41. The stock has a market capitalization of $8.56 billion, a P/E ratio of 22.08, a P/E/G ratio of 3.15 and a beta of 0.78. The business’s 50-day moving average price is $41.90 and its 200 day moving average price is $40.94.

OGE Energy (NYSE:OGE) last released its quarterly earnings results on Tuesday, November 5th. The utilities provider reported $1.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.03). OGE Energy had a net margin of 13.89% and a return on equity of 8.59%. The firm had revenue of $965.40 million for the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the prior year, the firm earned $1.20 EPS. The firm’s revenue was up 2.1% compared to the same quarter last year. Analysts expect that OGE Energy Corp. will post 2.17 earnings per share for the current year.

OGE Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Monday, January 6th were given a dividend of $0.4213 per share. This represents a $1.69 annualized dividend and a yield of 3.95%. The ex-dividend date was Monday, January 6th. OGE Energy’s payout ratio is 87.05%.

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.