Foster & Motley Inc. Purchases 2,480 Shares of OGE Energy Corp. (NYSE:OGE)

Foster & Motley Inc. lifted its position in OGE Energy Corp. (NYSE:OGE) by 16.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,755 shares of the utilities provider’s stock after acquiring an additional 2,480 shares during the quarter. Foster & Motley Inc.’s holdings in OGE Energy were worth $620,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in OGE. Miller Howard Investments Inc. NY boosted its stake in shares of OGE Energy by 1,219.3% during the fourth quarter. Miller Howard Investments Inc. NY now owns 769,053 shares of the utilities provider’s stock valued at $26,863,000 after purchasing an additional 710,761 shares in the last quarter. International Assets Investment Management LLC increased its holdings in shares of OGE Energy by 3,716.2% in the 4th quarter. International Assets Investment Management LLC now owns 728,161 shares of the utilities provider’s stock valued at $25,435,000 after acquiring an additional 709,080 shares during the period. Thompson Siegel & Walmsley LLC raised its position in shares of OGE Energy by 28.6% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 3,083,472 shares of the utilities provider’s stock worth $102,772,000 after acquiring an additional 686,174 shares in the last quarter. Jupiter Asset Management Ltd. lifted its stake in shares of OGE Energy by 82.5% during the 3rd quarter. Jupiter Asset Management Ltd. now owns 1,219,445 shares of the utilities provider’s stock worth $40,644,000 after purchasing an additional 551,299 shares during the last quarter. Finally, AQR Capital Management LLC boosted its position in OGE Energy by 93.7% during the third quarter. AQR Capital Management LLC now owns 812,161 shares of the utilities provider’s stock valued at $27,069,000 after purchasing an additional 392,947 shares in the last quarter. 71.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on OGE shares. LADENBURG THALM/SH SH lowered shares of OGE Energy from a “buy” rating to a “neutral” rating and decreased their price target for the company from $36.00 to $34.00 in a research report on Tuesday, January 16th. StockNews.com upgraded shares of OGE Energy from a “sell” rating to a “hold” rating in a research note on Tuesday. Barclays downgraded OGE Energy from an “overweight” rating to an “equal weight” rating and set a $34.00 price target on the stock. in a research report on Monday. Finally, TheStreet cut OGE Energy from a “b” rating to a “c+” rating in a research report on Wednesday, February 21st. Five research analysts have rated the stock with a hold rating, According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $33.40.

Insider Buying and Selling at OGE Energy

In related news, VP Cristina F. Mcquistion sold 4,187 shares of OGE Energy 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 transaction, the vice president now directly owns 25,926 shares in the company, valued at $879,409.92. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.53% of the stock is owned by corporate insiders.

OGE Energy Trading Down 0.3 %

NYSE:OGE opened at $33.93 on Wednesday. The company has a current ratio of 0.65, a quick ratio of 0.30 and a debt-to-equity ratio of 0.96. The firm has a fifty day simple moving average of $33.52 and a 200-day simple moving average of $34.06. OGE Energy Corp. has a 12 month low of $31.25 and a 12 month high of $38.04. The company has a market capitalization of $6.80 billion, a P/E ratio of 16.39, a PEG ratio of 3.19 and a beta of 0.73.

OGE Energy (NYSE:OGE) last issued its earnings results on Tuesday, February 20th. The utilities provider reported $0.24 EPS for the quarter, beating 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 firm had revenue of $566.70 million for the quarter, compared to analyst estimates of $986.67 million. During the same quarter in the prior year, the firm earned $0.25 earnings per share. OGE Energy’s revenue for the quarter was down 20.4% on a year-over-year basis. On average, 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 given a dividend of $0.418 per share. The ex-dividend date of this dividend is Friday, April 5th. This represents a $1.67 dividend on an annualized basis and a yield of 4.93%. OGE Energy’s dividend payout ratio is presently 80.68%.

OGE Energy Company 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.