New Amsterdam Partners LLC NY decreased its stake in OGE Energy Corporation (NYSE:OGE) by 1.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 118,657 shares of the utilities provider’s stock after selling 2,146 shares during the period. New Amsterdam Partners LLC NY’s holdings in OGE Energy Corporation were worth $4,128,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. BlackRock Inc. raised its position in shares of OGE Energy Corporation by 3,734.0% in the first quarter. BlackRock Inc. now owns 21,620,533 shares of the utilities provider’s stock worth $756,286,000 after buying an additional 21,056,622 shares in the last quarter. Vanguard Group Inc. raised its position in shares of OGE Energy Corporation by 5.4% in the first quarter. Vanguard Group Inc. now owns 17,531,492 shares of the utilities provider’s stock worth $613,251,000 after buying an additional 902,185 shares in the last quarter. State Street Corp raised its position in shares of OGE Energy Corporation by 8.6% in the first quarter. State Street Corp now owns 7,493,727 shares of the utilities provider’s stock worth $262,117,000 after buying an additional 593,719 shares in the last quarter. First Trust Advisors LP raised its position in shares of OGE Energy Corporation by 47.3% in the first quarter. First Trust Advisors LP now owns 1,611,162 shares of the utilities provider’s stock worth $56,358,000 after buying an additional 517,524 shares in the last quarter. Finally, Morgan Stanley raised its position in shares of OGE Energy Corporation by 44.6% in the first quarter. Morgan Stanley now owns 1,320,853 shares of the utilities provider’s stock worth $46,203,000 after buying an additional 407,191 shares in the last quarter. 61.79% of the stock is currently owned by institutional investors and hedge funds.

Shares of OGE Energy Corporation (NYSE OGE) opened at 35.42 on Friday. The stock’s 50 day moving average is $35.26 and its 200-day moving average is $35.12. OGE Energy Corporation has a one year low of $29.57 and a one year high of $37.41. The firm has a market cap of $7.07 billion, a P/E ratio of 18.54 and a beta of 0.88.

OGE Energy Corporation (NYSE:OGE) last posted its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $0.52 EPS for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.05. OGE Energy Corporation had a net margin of 16.50% and a return on equity of 11.06%. The firm had revenue of $586.40 million for the quarter, compared to the consensus estimate of $563 million. During the same period in the prior year, the firm posted $0.35 EPS. The firm’s revenue was up 6.3% compared to the same quarter last year. Analysts anticipate that OGE Energy Corporation will post $1.96 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 28th. Shareholders of record on Monday, July 10th were paid a dividend of $0.3025 per share. The ex-dividend date was Thursday, July 6th. This represents a $1.21 dividend on an annualized basis and a yield of 3.42%. OGE Energy Corporation’s dividend payout ratio (DPR) is 63.35%.

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A number of research analysts recently weighed in on the stock. Jefferies Group LLC reaffirmed a “hold” rating and issued a $37.00 price target (up from $35.00) on shares of OGE Energy Corporation in a research note on Wednesday. Zacks Investment Research lowered shares of OGE Energy Corporation from a “hold” rating to a “sell” rating in a research note on Thursday. BidaskClub lowered shares of OGE Energy Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Evercore ISI assumed coverage on shares of OGE Energy Corporation in a report on Monday, July 24th. They issued an “outperform” rating and a $37.00 price objective for the company. Finally, Goldman Sachs Group, Inc. (The) assumed coverage on shares of OGE Energy Corporation in a report on Thursday, July 20th. They issued a “neutral” rating and a $35.00 price objective for the company. One analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. OGE Energy Corporation has a consensus rating of “Hold” and an average target price of $35.17.

In other OGE Energy Corporation news, insider H Scott Forbes sold 4,670 shares of the stock in a transaction on Monday, August 7th. The shares were sold at an average price of $36.19, for a total transaction of $169,007.30. Following the transaction, the insider now directly owns 18,311 shares in the company, valued at approximately $662,675.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Luke R. Corbett sold 1,250 shares of the stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $36.31, for a total transaction of $45,387.50. The disclosure for this sale can be found here. Corporate insiders own 0.48% of the company’s stock.

About OGE Energy Corporation

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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Institutional Ownership by Quarter for OGE Energy Corporation (NYSE:OGE)

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