OGE Energy Corporation (NYSE:OGE) VP Patricia D. Horn sold 10,051 shares of the firm’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $35.56, for a total transaction of $357,413.56. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

OGE Energy Corporation (NYSE:OGE) traded down $0.24 on Friday, reaching $35.20. 830,199 shares of the company’s stock were exchanged, compared to its average volume of 1,003,839. OGE Energy Corporation has a one year low of $30.63 and a one year high of $37.40. The company has a quick ratio of 0.46, a current ratio of 0.63 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $7,100.00, a PE ratio of 18.77, a price-to-earnings-growth ratio of 4.10 and a beta of 0.93.

OGE Energy Corporation (NYSE:OGE) last released its quarterly earnings data on Thursday, November 2nd. The utilities provider reported $0.92 earnings per share for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.01). OGE Energy Corporation had a net margin of 16.69% and a return on equity of 10.92%. The firm had revenue of $716.80 million during the quarter, compared to analysts’ expectations of $728.18 million. During the same period in the previous year, the firm posted $0.92 EPS. The firm’s quarterly revenue was down 3.6% on a year-over-year basis. analysts predict that OGE Energy Corporation will post 1.88 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 30th. Shareholders of record on Tuesday, October 10th were issued a $0.333 dividend. The ex-dividend date of this dividend was Friday, October 6th. This represents a $1.33 dividend on an annualized basis and a yield of 3.78%. OGE Energy Corporation’s payout ratio is 69.63%.

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A number of institutional investors and hedge funds have recently added to or reduced their stakes in OGE. Dimensional Fund Advisors LP increased its holdings in OGE Energy Corporation by 1.4% in the first quarter. Dimensional Fund Advisors LP now owns 604,360 shares of the utilities provider’s stock valued at $21,142,000 after buying an additional 8,176 shares in the last quarter. Capstone Asset Management Co. increased its holdings in OGE Energy Corporation by 0.3% in the second quarter. Capstone Asset Management Co. now owns 18,899 shares of the utilities provider’s stock valued at $657,000 after buying an additional 60 shares in the last quarter. Bank of Montreal Can increased its holdings in OGE Energy Corporation by 0.6% in the second quarter. Bank of Montreal Can now owns 17,806 shares of the utilities provider’s stock valued at $619,000 after buying an additional 107 shares in the last quarter. NN Investment Partners Holdings N.V. increased its holdings in OGE Energy Corporation by 995.6% in the second quarter. NN Investment Partners Holdings N.V. now owns 50,452 shares of the utilities provider’s stock valued at $1,755,000 after buying an additional 45,847 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. increased its holdings in OGE Energy Corporation by 508.7% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 32,421 shares of the utilities provider’s stock valued at $1,128,000 after buying an additional 27,095 shares in the last quarter. 62.37% of the stock is owned by institutional investors.

Several research analysts recently issued reports on OGE shares. Wells Fargo & Company cut shares of OGE Energy Corporation from an “outperform” rating to a “market perform” rating and set a $38.00 target price for the company. in a report on Friday, October 6th. BidaskClub raised shares of OGE Energy Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. Goldman Sachs Group, Inc. (The) started coverage on shares of OGE Energy Corporation in a report on Thursday, July 20th. They set a “neutral” rating and a $35.00 target price for the company. Jefferies Group LLC reissued a “hold” rating and set a $37.00 target price (up previously from $35.00) on shares of OGE Energy Corporation in a report on Wednesday, August 9th. Finally, Zacks Investment Research cut shares of OGE Energy Corporation from a “hold” rating to a “sell” rating in a report on Thursday, August 10th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. OGE Energy Corporation currently has an average rating of “Hold” and an average target price of $36.67.

OGE Energy Corporation Company Profile

OGE Energy Corp. (OGE Energy) is an energy and energy services provider offering physical delivery and related services for both electricity and natural gas primarily in the south central United States. The Company operates through two segments: electric utility and natural gas midstream operations. The electric utility segment generates, transmits, distributes and sells electric energy in Oklahoma and western Arkansas.

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