LexAurum Advisors LLC lessened its stake in shares of OGE Energy Corp. (NYSE:OGE) by 33.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,952 shares of the utilities provider’s stock after selling 6,419 shares during the quarter. LexAurum Advisors LLC’s holdings in OGE Energy were worth $470,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in OGE. Gifford Fong Associates bought a new position in shares of OGE Energy in the 2nd quarter worth approximately $141,000. Sigma Planning Corp bought a new stake in OGE Energy during the 2nd quarter worth approximately $205,000. Fort Washington Investment Advisors Inc. OH bought a new stake in OGE Energy during the 3rd quarter worth approximately $207,000. BerganKDV Wealth Management LLC bought a new stake in OGE Energy during the 2nd quarter worth approximately $213,000. Finally, UMB Bank N A MO bought a new stake in OGE Energy during the 3rd quarter worth approximately $217,000. 63.04% of the stock is currently owned by hedge funds and other institutional investors.

NYSE OGE opened at $39.16 on Monday. OGE Energy Corp. has a 12 month low of $29.59 and a 12 month high of $39.94. The company has a market cap of $7.82 billion, a price-to-earnings ratio of 20.40, a PEG ratio of 3.65 and a beta of 0.54. The company has a current ratio of 0.76, a quick ratio of 0.53 and a debt-to-equity ratio of 0.72.

OGE Energy (NYSE:OGE) last released its earnings results on Thursday, November 8th. The utilities provider reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.08. OGE Energy had a net margin of 29.45% and a return on equity of 11.01%. The company had revenue of $698.80 million for the quarter, compared to analysts’ expectations of $745.58 million. During the same quarter last year, the business earned $0.92 EPS. The firm’s revenue was down 2.8% compared to the same quarter last year. As a group, analysts expect that OGE Energy Corp. will post 2.08 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 30th. Shareholders of record on Wednesday, October 10th were issued a dividend of $0.365 per share. This is a positive change from OGE Energy’s previous quarterly dividend of $0.33. This represents a $1.46 dividend on an annualized basis and a yield of 3.73%. The ex-dividend date of this dividend was Tuesday, October 9th. OGE Energy’s dividend payout ratio (DPR) is 76.04%.

In related news, Director Frank A. Bozich acquired 10,000 shares of the business’s stock in a transaction on Wednesday, November 14th. The stock was acquired at an average cost of $38.99 per share, with a total value of $389,900.00. Following the acquisition, the director now directly owns 15,000 shares in the company, valued at approximately $584,850. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Cristina F. Mcquistion sold 4,000 shares of the stock in a transaction that occurred on Monday, November 12th. The shares were sold at an average price of $38.53, for a total transaction of $154,120.00. Following the sale, the vice president now directly owns 7,335 shares of the company’s stock, valued at $282,617.55. The disclosure for this sale can be found here. Company insiders own 0.44% of the company’s stock.

A number of research firms have commented on OGE. ValuEngine upgraded shares of OGE Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, November 13th. UBS Group raised their target price on shares of OGE Energy from $35.00 to $37.00 and gave the stock a “neutral” rating in a research note on Friday, August 10th. Finally, Barclays set a $37.00 target price on shares of OGE Energy and gave the stock a “sell” rating in a research note on Saturday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $36.67.

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About OGE Energy

OGE Energy Corp., together with its subsidiaries, operates as an energy and energy services provider that offers physical delivery and related services for electricity and natural gas primarily in the south central United States. The company operates in two segments, Electric Utility and Natural Gas Midstream Operations.

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

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