OGE Energy Corporation (NYSE:OGE) Announces Quarterly Dividend of $0.43

OGE Energy Corporation (NYSE:OGE) announced a quarterly dividend on Thursday, May 14th. Investors of record on Monday, July 6th will be given a dividend of 0.425 per share by the utilities provider on Friday, July 31st. This represents a c) annualized dividend and a yield of 3.6%. The ex-dividend date is Monday, July 6th.

OGE Energy has raised its dividend by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 18 consecutive years. OGE Energy has a dividend payout ratio of 70.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect OGE Energy to earn $2.59 per share next year, which means the company should continue to be able to cover its $1.70 annual dividend with an expected future payout ratio of 65.6%.

OGE Energy Stock Up 0.3%

OGE stock opened at $47.48 on Friday. The company has a fifty day moving average price of $47.89 and a 200 day moving average price of $45.61. OGE Energy has a 12 month low of $41.69 and a 12 month high of $50.13. The company has a market cap of $9.80 billion, a price-to-earnings ratio of 21.20, a price-to-earnings-growth ratio of 3.51 and a beta of 0.55. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.66 and a quick ratio of 0.40.

OGE Energy (NYSE:OGE) last released its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $0.24 EPS for the quarter, meeting the consensus estimate of $0.24. OGE Energy had a net margin of 14.03% and a return on equity of 9.47%. The firm had revenue of $752.60 million during the quarter, compared to the consensus estimate of $616.02 million. During the same quarter in the prior year, the firm earned $0.31 EPS. OGE Energy’s revenue for the quarter was up .7% on a year-over-year basis. Sell-side analysts expect that OGE Energy will post 2.42 earnings per share for the current year.

Insider Buying and Selling at OGE Energy

In other OGE Energy news, CAO Sarah R. Stafford sold 6,130 shares of the business’s stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $47.77, for a total value of $292,830.10. Following the transaction, the chief accounting officer directly owned 28,559 shares of the company’s stock, valued at approximately $1,364,263.43. The trade was a 17.67% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Lyle G. Ganske acquired 10,420 shares of the company’s stock in a transaction on Monday, February 23rd. The stock was purchased at an average cost of $47.99 per share, for a total transaction of $500,055.80. Following the completion of the purchase, the director directly owned 10,420 shares in the company, valued at $500,055.80. This trade represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 0.57% of the company’s stock.

Hedge Funds Weigh In On OGE Energy

A number of institutional investors and hedge funds have recently made changes to their positions in OGE. Millennium Management LLC grew its stake in shares of OGE Energy by 1,160.8% during the 1st quarter. Millennium Management LLC now owns 94,965 shares of the utilities provider’s stock worth $4,365,000 after purchasing an additional 87,433 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of OGE Energy by 54.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,043,657 shares of the utilities provider’s stock worth $47,966,000 after purchasing an additional 367,960 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of OGE Energy by 4.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 560,664 shares of the utilities provider’s stock worth $25,768,000 after purchasing an additional 23,051 shares during the period. Focus Partners Wealth grew its stake in shares of OGE Energy by 7.5% during the 1st quarter. Focus Partners Wealth now owns 9,145 shares of the utilities provider’s stock worth $420,000 after purchasing an additional 637 shares during the period. Finally, Russell Investments Group Ltd. grew its stake in shares of OGE Energy by 3.9% during the 2nd quarter. Russell Investments Group Ltd. now owns 8,612 shares of the utilities provider’s stock worth $382,000 after purchasing an additional 321 shares during the period. 71.84% of the stock is owned by institutional investors and hedge funds.

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.