OGE Energy Corporation (OGE) VP Patricia D. Horn Sells 10,051 Shares
OGE Energy Corporation (NYSE:OGE) VP Patricia D. Horn sold 10,051 shares of the firm’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $35.56, for a total transaction of $357,413.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Shares of OGE Energy Corporation (NYSE:OGE) traded down $0.25 during mid-day trading on Friday, reaching $35.20. 830,199 shares of the company’s stock traded hands, compared to its average volume of 1,130,000. The firm has a market cap of $6,980.00, a price-to-earnings ratio of 18.77, a P/E/G ratio of 4.10 and a beta of 0.93. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.46 and a current ratio of 0.63. OGE Energy Corporation has a 52 week low of $30.63 and a 52 week high of $37.40.
OGE Energy Corporation (NYSE:OGE) last announced its quarterly earnings data on Thursday, November 2nd. The utilities provider reported $0.92 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.93 by ($0.01). The company had revenue of $716.80 million for the quarter, compared to analyst estimates of $728.18 million. OGE Energy Corporation had a return on equity of 10.92% and a net margin of 16.69%. OGE Energy Corporation’s revenue was down 3.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.92 earnings per share. equities research analysts predict that OGE Energy Corporation will post 1.88 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 30th. Shareholders of record on Tuesday, October 10th were issued a dividend of $0.333 per share. This represents a $1.33 annualized dividend and a yield of 3.78%. The ex-dividend date of this dividend was Friday, October 6th. OGE Energy Corporation’s dividend payout ratio is currently 69.63%.
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A number of equities research analysts recently weighed in on the stock. Bank of America Corporation assumed coverage on shares of OGE Energy Corporation in a report on Tuesday, October 24th. They set an “underperform” rating and a $37.00 price target for the company. Wells Fargo & Company lowered shares of OGE Energy Corporation from an “outperform” rating to a “market perform” rating and set a $38.00 price target for the company. in a report on Friday, October 6th. Jefferies Group LLC reaffirmed a “hold” rating and set a $37.00 price target (up from $35.00) on shares of OGE Energy Corporation in a report on Wednesday, August 9th. Zacks Investment Research lowered shares of OGE Energy Corporation from a “hold” rating to a “sell” rating in a report on Thursday, August 10th. Finally, BidaskClub raised shares of OGE Energy Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $36.67.
A number of hedge funds have recently made changes to their positions in OGE. Citadel Advisors LLC grew its holdings in OGE Energy Corporation by 150.9% during the 3rd quarter. Citadel Advisors LLC now owns 1,889,541 shares of the utilities provider’s stock worth $68,080,000 after acquiring an additional 1,136,560 shares in the last quarter. Thrivent Financial For Lutherans grew its holdings in OGE Energy Corporation by 2,638.5% during the 2nd quarter. Thrivent Financial For Lutherans now owns 1,031,862 shares of the utilities provider’s stock worth $35,898,000 after acquiring an additional 994,182 shares in the last quarter. Janus Henderson Group PLC grew its holdings in OGE Energy Corporation by 4,697.0% during the 2nd quarter. Janus Henderson Group PLC now owns 990,059 shares of the utilities provider’s stock worth $34,444,000 after acquiring an additional 969,420 shares in the last quarter. Prudential Financial Inc. grew its holdings in OGE Energy Corporation by 457.3% during the 2nd quarter. Prudential Financial Inc. now owns 906,726 shares of the utilities provider’s stock worth $31,545,000 after acquiring an additional 744,040 shares in the last quarter. Finally, Canada Pension Plan Investment Board grew its holdings in OGE Energy Corporation by 741.6% during the 2nd quarter. Canada Pension Plan Investment Board now owns 313,555 shares of the utilities provider’s stock worth $10,909,000 after acquiring an additional 276,300 shares in the last quarter. 62.37% of the stock is owned by institutional investors.
OGE Energy Corporation Company Profile
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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