OGE Energy Corp. (NYSE:OGE) Director Acquires $35,090.00 in Stock

OGE Energy Corp. (NYSE:OGE – Get Rating) Director David L. Hauser bought 1,000 shares of OGE Energy stock in a transaction on Tuesday, March 14th. The shares were bought at an average price of $35.09 per share, for a total transaction of $35,090.00. Following the acquisition, the director now owns 3,000 shares of the company’s stock, valued at approximately $105,270. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

OGE Energy Trading Down 1.2 %

NYSE OGE opened at $35.68 on Friday. The stock has a market capitalization of $7.14 billion, a price-to-earnings ratio of 10.78, a PEG ratio of 1.71 and a beta of 0.71. The stock’s 50 day moving average price is $37.83 and its two-hundred day moving average price is $38.38. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.58 and a current ratio of 0.74. OGE Energy Corp. has a 52 week low of $33.28 and a 52 week high of $42.91.

OGE Energy (NYSE:OGE – Get Rating) last released its earnings results on Thursday, February 23rd. The utilities provider reported $0.25 EPS for the quarter, beating the consensus estimate of ($0.05) by $0.30. The firm had revenue of $711.90 million for the quarter, compared to analysts’ expectations of $1.06 billion. OGE Energy had a return on equity of 15.33% and a net margin of 19.72%. The business’s quarterly revenue was up 22.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.27 EPS. As a group, analysts anticipate that OGE Energy Corp. will post 2.03 earnings per share for the current fiscal year.

OGE Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 28th. Shareholders of record on Monday, April 10th will be paid a $0.4141 dividend. This is a boost from OGE Energy’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Thursday, April 6th. This represents a $1.66 annualized dividend and a yield of 4.64%. OGE Energy’s payout ratio is presently 50.15%.

Analysts Set New Price Targets

OGE has been the topic of a number of recent analyst reports. Wells Fargo & Company raised their target price on OGE Energy to $42.00 in a report on Wednesday, December 14th. UBS Group cut OGE Energy from a “buy” rating to a “neutral” rating and cut their price objective for the company from $41.00 to $39.00 in a report on Tuesday, February 28th. Guggenheim cut OGE Energy from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $39.00 to $40.00 in a report on Monday, January 23rd. Bank of America cut OGE Energy from a “buy” rating to a “neutral” rating and cut their price objective for the company from $41.00 to $39.00 in a report on Friday, February 24th. Finally, StockNews.com started coverage on OGE Energy in a report on Thursday. They set a “hold” rating on the stock. Eight equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $38.71.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Quadrant Capital Group LLC increased its position in shares of OGE Energy by 39.5% during the 3rd quarter. Quadrant Capital Group LLC now owns 1,169 shares of the utilities provider’s stock worth $43,000 after purchasing an additional 331 shares during the last quarter. Lincoln National Corp increased its position in shares of OGE Energy by 53.4% during the 3rd quarter. Lincoln National Corp now owns 12,630 shares of the utilities provider’s stock worth $460,000 after purchasing an additional 4,395 shares during the last quarter. Louisiana State Employees Retirement System acquired a new position in shares of OGE Energy during the 3rd quarter worth approximately $1,943,000. Van ECK Associates Corp increased its position in shares of OGE Energy by 6.1% during the 3rd quarter. Van ECK Associates Corp now owns 40,537 shares of the utilities provider’s stock worth $1,478,000 after purchasing an additional 2,346 shares during the last quarter. Finally, M&T Bank Corp increased its position in shares of OGE Energy by 112.5% during the 2nd quarter. M&T Bank Corp now owns 14,589 shares of the utilities provider’s stock worth $358,000 after purchasing an additional 7,722 shares during the last quarter. Institutional investors and hedge funds own 67.78% of the company’s stock.

OGE Energy Company Profile

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OGE Energy Corp. is a holding company with investments in energy and energy service providers, offering physical delivery and related services for electricity in Oklahoma and western Arkansas and natural gas, crude oil and NGLs across the U.S. OGE Energy conducts these activities through two business segments: Electric Utility and Natural Gas Midstream Operations.