M.E. Allison & CO. Inc. Buys Shares of 5,215 OGE Energy Corp. (NYSE:OGE)

M.E. Allison & CO. Inc. purchased a new position in shares of OGE Energy Corp. (NYSE:OGE) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 5,215 shares of the utilities provider’s stock, valued at approximately $215,000.

Several other large investors have also made changes to their positions in OGE. American Century Companies Inc. boosted its holdings in shares of OGE Energy by 4.4% in the 2nd quarter. American Century Companies Inc. now owns 64,034 shares of the utilities provider’s stock valued at $2,286,000 after purchasing an additional 2,705 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in OGE Energy by 31.9% in the second quarter. Dimensional Fund Advisors LP now owns 2,197,585 shares of the utilities provider’s stock valued at $78,453,000 after buying an additional 531,730 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its position in OGE Energy by 2.0% in the second quarter. Mercer Global Advisors Inc. ADV now owns 27,742 shares of the utilities provider’s stock valued at $990,000 after acquiring an additional 537 shares during the last quarter. Blair William & Co. IL grew its position in OGE Energy by 15.7% in the second quarter. Blair William & Co. IL now owns 26,117 shares of the utilities provider’s stock valued at $932,000 after acquiring an additional 3,536 shares during the last quarter. Finally, Intech Investment Management LLC acquired a new position in OGE Energy during the second quarter worth about $423,000. Institutional investors and hedge funds own 71.84% of the company’s stock.

OGE Energy Stock Performance

Shares of OGE stock opened at $42.61 on Tuesday. The business’s 50-day moving average price is $42.07 and its 200-day moving average price is $40.44. OGE Energy Corp. has a 12 month low of $32.06 and a 12 month high of $44.41. The company has a current ratio of 0.86, a quick ratio of 0.51 and a debt-to-equity ratio of 1.09. The firm has a market capitalization of $8.56 billion, a price-to-earnings ratio of 22.08, a PEG ratio of 3.40 and a beta of 0.77.

OGE Energy (NYSE:OGE) last posted its earnings results on Tuesday, November 5th. The utilities provider reported $1.09 earnings per share for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.03). The business had revenue of $965.40 million for the quarter, compared to the consensus estimate of $1.02 billion. OGE Energy had a return on equity of 8.59% and a net margin of 13.89%. The company’s revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.20 earnings per share. Equities research analysts forecast that OGE Energy Corp. will post 2.16 EPS for the current year.

OGE Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Monday, January 6th will be given a dividend of $0.4213 per share. This represents a $1.69 annualized dividend and a yield of 3.95%. The ex-dividend date is Monday, January 6th. OGE Energy’s dividend payout ratio is currently 87.05%.

Wall Street Analysts Forecast Growth

Separately, Barclays lifted their price target on shares of OGE Energy from $39.00 to $42.00 and gave the company an “equal weight” rating in a report on Monday, October 21st. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $42.67.

Insiders Place Their Bets

In other news, VP Cristina F. Mcquistion sold 5,008 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $42.84, for a total value of $214,542.72. Following the transaction, the vice president now owns 20,918 shares in the company, valued at approximately $896,127.12. The trade was a 19.32 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.53% of the company’s stock.

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.