Mutual of America Capital Management LLC Has $4.32 Million Stock Holdings in OGE Energy Corp. (NYSE:OGE)

Mutual of America Capital Management LLC lowered its holdings in shares of OGE Energy Corp. (NYSE:OGE) by 4.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 123,768 shares of the utilities provider’s stock after selling 6,431 shares during the period. Mutual of America Capital Management LLC owned about 0.06% of OGE Energy worth $4,323,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. Miller Howard Investments Inc. NY raised its holdings in shares of OGE Energy by 1,219.3% during the 4th quarter. Miller Howard Investments Inc. NY now owns 769,053 shares of the utilities provider’s stock worth $26,863,000 after buying an additional 710,761 shares in the last quarter. International Assets Investment Management LLC raised its holdings in shares of OGE Energy by 9.3% during the 4th quarter. International Assets Investment Management LLC now owns 20,846 shares of the utilities provider’s stock worth $728,000 after buying an additional 1,765 shares in the last quarter. Ceredex Value Advisors LLC raised its holdings in shares of OGE Energy by 119.4% during the 4th quarter. Ceredex Value Advisors LLC now owns 477,250 shares of the utilities provider’s stock worth $16,670,000 after buying an additional 259,700 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of OGE Energy by 3.8% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,768 shares of the utilities provider’s stock worth $411,000 after buying an additional 435 shares in the last quarter. Finally, Autumn Glory Partners LLC raised its position in OGE Energy by 7.6% in the fourth quarter. Autumn Glory Partners LLC now owns 65,313 shares of the utilities provider’s stock valued at $2,202,000 after purchasing an additional 4,634 shares during the last quarter. Institutional investors and hedge funds own 71.84% of the company’s stock.

Insider Buying and Selling

In related news, VP Cristina F. Mcquistion sold 4,187 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $33.92, for a total transaction of $142,023.04. Following the completion of the sale, the vice president now owns 25,926 shares of the company’s stock, valued at $879,409.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.53% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

OGE has been the subject of several research reports. Barclays dropped their target price on OGE Energy from $35.00 to $34.00 and set an “overweight” rating for the company in a research report on Thursday, March 14th. TheStreet downgraded OGE Energy from a “b” rating to a “c+” rating in a research report on Wednesday, February 21st. LADENBURG THALM/SH SH downgraded OGE Energy from a “buy” rating to a “neutral” rating and dropped their target price for the company from $36.00 to $34.00 in a research report on Tuesday, January 16th. Finally, StockNews.com downgraded OGE Energy from a “hold” rating to a “sell” rating in a research report on Friday, April 5th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $33.40.

OGE Energy Price Performance

Shares of OGE opened at $32.86 on Tuesday. OGE Energy Corp. has a 1 year low of $31.25 and a 1 year high of $38.26. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.65 and a quick ratio of 0.30. The company has a market capitalization of $6.59 billion, a price-to-earnings ratio of 15.87, a price-to-earnings-growth ratio of 3.09 and a beta of 0.73. The business has a 50-day moving average of $33.46 and a 200-day moving average of $34.03.

OGE Energy (NYSE:OGE) last issued its quarterly earnings data on Tuesday, February 20th. The utilities provider reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.04. OGE Energy had a return on equity of 9.37% and a net margin of 15.59%. The company had revenue of $566.70 million during the quarter, compared to the consensus estimate of $986.67 million. During the same period last year, the company earned $0.25 earnings per share. The firm’s revenue was down 20.4% compared to the same quarter last year. As a group, equities research analysts anticipate that OGE Energy Corp. will post 2.13 earnings per share for the current year.

OGE Energy Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 26th. Investors of record on Monday, April 8th will be paid a dividend of $0.418 per share. The ex-dividend date of this dividend is Friday, April 5th. This represents a $1.67 annualized dividend and a yield of 5.09%. OGE Energy’s dividend payout ratio is currently 80.68%.

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.