Twin Capital Management Inc. Sells 1,177 Shares of OGE Energy Corp. (NYSE:OGE)

Twin Capital Management Inc. lowered its stake in shares of OGE Energy Corp. (NYSE:OGE) by 1.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 61,482 shares of the utilities provider’s stock after selling 1,177 shares during the quarter. Twin Capital Management Inc.’s holdings in OGE Energy were worth $2,148,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. United Capital Financial Advisers LLC boosted its position in OGE Energy by 2.4% during the fourth quarter. United Capital Financial Advisers LLC now owns 13,004 shares of the utilities provider’s stock valued at $514,000 after purchasing an additional 305 shares in the last quarter. Brighton Jones LLC boosted its position in OGE Energy by 5.8% during the third quarter. Brighton Jones LLC now owns 6,334 shares of the utilities provider’s stock valued at $211,000 after purchasing an additional 345 shares in the last quarter. First Republic Investment Management Inc. boosted its position in OGE Energy by 0.8% during the first quarter. First Republic Investment Management Inc. now owns 43,660 shares of the utilities provider’s stock valued at $1,780,000 after purchasing an additional 358 shares in the last quarter. Captrust Financial Advisors boosted its position in OGE Energy by 1.5% during the fourth quarter. Captrust Financial Advisors now owns 25,863 shares of the utilities provider’s stock valued at $1,023,000 after purchasing an additional 373 shares in the last quarter. Finally, Fifth Third Bancorp boosted its position in OGE Energy by 4.3% during the third quarter. Fifth Third Bancorp now owns 9,757 shares of the utilities provider’s stock valued at $325,000 after purchasing an additional 405 shares in the last quarter. Institutional investors own 71.84% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. StockNews.com cut OGE Energy from a “hold” rating to a “sell” rating in a research note on Friday, April 5th. LADENBURG THALM/SH SH cut OGE Energy from a “buy” rating to a “neutral” rating and decreased their price target for the company from $36.00 to $34.00 in a research note on Tuesday, January 16th. TheStreet cut OGE Energy from a “b” rating to a “c+” rating in a research note on Wednesday, February 21st. Finally, Barclays decreased their price target on OGE Energy from $35.00 to $34.00 and set an “overweight” rating for the company in a research note on Thursday, March 14th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $33.40.

Insider Activity at OGE Energy

In related news, VP Cristina F. Mcquistion sold 4,187 shares of OGE Energy stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $33.92, for a total transaction of $142,023.04. Following the completion of the transaction, the vice president now directly owns 25,926 shares in the company, valued at $879,409.92. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.53% of the stock is owned by company insiders.

OGE Energy Trading Up 0.6 %

Shares of NYSE:OGE opened at $33.15 on Friday. OGE Energy Corp. has a 52-week low of $31.25 and a 52-week high of $38.04. The stock has a market cap of $6.65 billion, a price-to-earnings ratio of 16.01, a PEG ratio of 3.09 and a beta of 0.73. The company has a quick ratio of 0.30, a current ratio of 0.65 and a debt-to-equity ratio of 0.96. The business has a 50-day moving average price of $33.47 and a 200-day moving average price of $34.01.

OGE Energy (NYSE:OGE) last announced its quarterly earnings data on Tuesday, February 20th. The utilities provider reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.04. The firm had revenue of $566.70 million during the quarter, compared to analysts’ expectations of $986.67 million. OGE Energy had a return on equity of 9.37% and a net margin of 15.59%. The company’s revenue for the quarter was down 20.4% compared to the same quarter last year. During the same period last year, the business posted $0.25 earnings per share. Equities analysts predict that OGE Energy Corp. will post 2.13 EPS for the current year.

OGE Energy Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 26th. Investors of record on Monday, April 8th will be given a dividend of $0.418 per share. This represents a $1.67 annualized dividend and a yield of 5.04%. The ex-dividend date is Friday, April 5th. OGE Energy’s dividend payout ratio is currently 80.68%.

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.