World Investment Advisors LLC Makes New Investment in OGE Energy Corp. (NYSE:OGE)

World Investment Advisors LLC bought a new stake in OGE Energy Corp. (NYSE:OGE) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 17,337 shares of the utilities provider’s stock, valued at approximately $711,000.

A number of other institutional investors and hedge funds also recently modified their holdings of OGE. Wealth Enhancement Advisory Services LLC grew its stake in OGE Energy by 45.3% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 13,574 shares of the utilities provider’s stock valued at $485,000 after purchasing an additional 4,229 shares during the period. Blue Trust Inc. grew its position in OGE Energy by 12.8% during the second quarter. Blue Trust Inc. now owns 2,742 shares of the utilities provider’s stock valued at $94,000 after buying an additional 312 shares during the period. Raymond James & Associates increased its holdings in OGE Energy by 27.0% during the second quarter. Raymond James & Associates now owns 224,182 shares of the utilities provider’s stock worth $8,003,000 after buying an additional 47,656 shares during the last quarter. Fifth Third Bancorp raised its position in OGE Energy by 3.2% in the second quarter. Fifth Third Bancorp now owns 9,856 shares of the utilities provider’s stock worth $352,000 after acquiring an additional 303 shares during the period. Finally, Fifth Third Wealth Advisors LLC purchased a new position in OGE Energy in the second quarter valued at about $225,000. 71.84% of the stock is owned by hedge funds and other institutional investors.

OGE Energy Price Performance

OGE Energy stock opened at $41.88 on Tuesday. The firm has a market capitalization of $8.42 billion, a P/E ratio of 21.70, a PEG ratio of 3.80 and a beta of 0.77. OGE Energy Corp. has a one year low of $32.06 and a one year high of $44.41. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.86 and a quick ratio of 0.51. The business has a fifty day moving average price of $41.85 and a 200-day moving average price of $39.45.

OGE Energy (NYSE:OGE) last posted its earnings results on Tuesday, November 5th. The utilities provider reported $1.09 earnings per share 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 company had revenue of $965.40 million for the quarter, compared to analysts’ expectations of $1.02 billion. During the same period in the previous year, the firm earned $1.20 EPS. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. As a group, equities research analysts forecast that OGE Energy Corp. will post 2.14 EPS for the current year.

OGE Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Monday, January 6th will be paid a $0.4213 dividend. This represents a $1.69 annualized dividend and a yield of 4.02%. The ex-dividend date is Monday, January 6th. OGE Energy’s dividend payout ratio is presently 87.05%.

Analyst Ratings Changes

OGE has been the subject of several research analyst reports. Jefferies Financial Group began coverage on shares of OGE Energy in a research note on Thursday, September 19th. They set a “buy” rating and a $46.00 price target for the company. Barclays boosted their target price on OGE Energy from $39.00 to $42.00 and gave the company an “equal weight” rating in a research note on Monday, October 21st. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $40.50.

Insider Buying and Selling at OGE Energy

In other news, VP Cristina F. Mcquistion sold 5,008 shares of OGE Energy stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $42.84, for a total transaction of $214,542.72. Following the completion of the sale, the vice president now owns 20,918 shares in the company, valued at approximately $896,127.12. This trade represents a 19.32 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.53% of the company’s stock.

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.