OGE Energy (NYSE:OGE) SVP Donnie Jones Sells 6,508 Shares of Stock

OGE Energy Corporation (NYSE:OGE) SVP Donnie Jones sold 6,508 shares of the company’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $46.11, for a total transaction of $300,083.88. Following the completion of the transaction, the senior vice president owned 40,555 shares in the company, valued at approximately $1,869,991.05. This trade represents a 13.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

OGE Energy Stock Performance

Shares of OGE Energy stock traded down $0.05 on Monday, hitting $45.69. The stock had a trading volume of 1,390,125 shares, compared to its average volume of 1,527,510. The stock has a market cap of $9.44 billion, a price-to-earnings ratio of 20.13, a price-to-earnings-growth ratio of 3.39 and a beta of 0.53. The company has a quick ratio of 0.47, a current ratio of 0.77 and a debt-to-equity ratio of 1.12. OGE Energy Corporation has a twelve month low of $41.69 and a twelve month high of $50.59. The business’s 50 day moving average is $47.93 and its two-hundred day moving average is $47.77.

OGE Energy (NYSE:OGE) last released its quarterly earnings results on Tuesday, July 28th. The utilities provider reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.01. The business had revenue of $711.90 million during the quarter, compared to analysts’ expectations of $782.73 million. OGE Energy had a return on equity of 9.48% and a net margin of 14.44%.The firm’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same period last year, the firm posted $0.53 EPS. Analysts forecast that OGE Energy Corporation will post 2.42 EPS for the current year.

Hedge Funds Weigh In On OGE Energy

Hedge funds have recently bought and sold shares of the company. Operose Advisors LLC bought a new stake in shares of OGE Energy during the 2nd quarter worth approximately $26,000. Root Financial Partners LLC raised its position in OGE Energy by 111.3% during the first quarter. Root Financial Partners LLC now owns 598 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 315 shares in the last quarter. Markowski Investments bought a new stake in OGE Energy during the second quarter worth $29,000. State of Wyoming acquired a new stake in shares of OGE Energy in the 2nd quarter valued at $34,000. Finally, Capital Advisors Ltd. LLC boosted its holdings in shares of OGE Energy by 14,780.0% in the 1st quarter. Capital Advisors Ltd. LLC now owns 744 shares of the utilities provider’s stock valued at $36,000 after purchasing an additional 739 shares in the last quarter. 71.84% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on OGE. Weiss Ratings reissued a “buy (b)” rating on shares of OGE Energy in a research report on Friday, July 31st. Barclays lifted their price objective on shares of OGE Energy from $51.00 to $52.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 14th. LADENBURG THALM/SH SH increased their target price on shares of OGE Energy from $42.50 to $47.00 and gave the stock a “neutral” rating in a research report on Monday, May 11th. Wall Street Zen raised shares of OGE Energy from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Finally, Morgan Stanley dropped their price target on shares of OGE Energy from $51.00 to $49.00 and set an “equal weight” rating for the company in a research report on Friday, August 21st. Four analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, OGE Energy currently has a consensus rating of “Hold” and an average price target of $49.60.

About OGE Energy

OGE Energy Corp. (NYSE:OGE) is an energy and infrastructure holding company headquartered in Oklahoma City, Oklahoma. Through its principal subsidiary, Oklahoma Gas & Electric Company, the company provides regulated electric service to residential, commercial and industrial customers across Oklahoma and western Arkansas. Its diversified generation mix includes coal, natural gas and wind-powered facilities, complemented by ongoing investments in grid modernization and smart technology to enhance reliability and customer satisfaction.

In addition to its core electric utility operations, OGE Energy Corp.