First Mercantile Trust Co. lessened its stake in shares of OGE Energy Corp. (NYSE:OGE) by 15.6% during the fourth quarter, HoldingsChannel reports. The firm owned 16,522 shares of the utilities provider’s stock after selling 3,045 shares during the period. First Mercantile Trust Co.’s holdings in OGE Energy were worth $544,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Krilogy Financial LLC lifted its stake in shares of OGE Energy by 133.3% during the third quarter. Krilogy Financial LLC now owns 2,800 shares of the utilities provider’s stock worth $101,000 after purchasing an additional 1,600 shares in the last quarter. Cerebellum GP LLC acquired a new position in shares of OGE Energy during the fourth quarter worth about $122,000. Resources Investment Advisors Inc. lifted its stake in shares of OGE Energy by 75.1% during the fourth quarter. Resources Investment Advisors Inc. now owns 4,670 shares of the utilities provider’s stock worth $154,000 after purchasing an additional 2,003 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of OGE Energy during the third quarter worth about $205,000. Finally, Boothbay Fund Management LLC acquired a new position in shares of OGE Energy during the third quarter worth about $216,000. Institutional investors own 62.23% of the company’s stock.

OGE Energy Corp. (OGE) opened at $30.39 on Friday. The company has a quick ratio of 0.46, a current ratio of 0.63 and a debt-to-equity ratio of 0.76. OGE Energy Corp. has a one year low of $29.59 and a one year high of $37.40. The company has a market capitalization of $5,911.27, a PE ratio of 15.91, a P/E/G ratio of 2.78 and a beta of 0.84.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 30th. Investors of record on Wednesday, January 10th were paid a $0.3325 dividend. This represents a $1.33 annualized dividend and a dividend yield of 4.38%. The ex-dividend date of this dividend was Tuesday, January 9th. OGE Energy’s dividend payout ratio (DPR) is 69.63%.

In related news, VP Patricia D. Horn sold 10,051 shares of the business’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $35.56, for a total value of $357,413.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.48% of the company’s stock.

A number of research analysts have commented on OGE shares. Goldman Sachs Group upgraded OGE Energy from a “neutral” rating to a “buy” rating and set a $38.00 price objective on the stock in a research note on Wednesday, January 10th. Edward Jones cut OGE Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, December 27th. Zacks Investment Research cut OGE Energy from a “hold” rating to a “sell” rating in a research note on Friday, December 22nd. UBS Group started coverage on OGE Energy in a research note on Friday, February 2nd. They set a “neutral” rating and a $33.00 price objective on the stock. Finally, Bank of America upgraded OGE Energy from an “underperform” rating to a “neutral” rating in a research note on Thursday, January 18th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. OGE Energy has a consensus rating of “Hold” and a consensus target price of $36.67.

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

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