Nisa Investment Advisors LLC Has $10.10 Million Holdings in OGE Energy Corp. (NYSE:OGE)

Nisa Investment Advisors LLC decreased its holdings in shares of OGE Energy Corp. (NYSE:OGE) by 3.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 244,725 shares of the utilities provider’s stock after selling 8,300 shares during the period. Nisa Investment Advisors LLC’s holdings in OGE Energy were worth $10,095,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. American Century Companies Inc. grew 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 acquiring an additional 2,705 shares in the last quarter. Dimensional Fund Advisors LP grew 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 purchasing an additional 531,730 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its stake 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 purchasing an additional 537 shares in the last quarter. Intech Investment Management LLC bought a new stake in shares of OGE Energy during the 2nd quarter worth approximately $423,000. Finally, Pacer Advisors Inc. boosted its holdings in shares of OGE Energy by 35.4% in the 2nd quarter. Pacer Advisors Inc. now owns 40,982 shares of the utilities provider’s stock valued at $1,463,000 after buying an additional 10,724 shares during the last quarter. Institutional investors own 71.84% of the company’s stock.

Insider Buying and Selling

In related news, VP Cristina F. Mcquistion sold 5,008 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $42.84, for a total transaction of $214,542.72. Following the transaction, the vice president now directly owns 20,918 shares of the company’s stock, valued at approximately $896,127.12. This trade represents a 19.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.53% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Barclays boosted their target price on shares of OGE Energy from $39.00 to $42.00 and gave the stock an “equal weight” rating in a report on Monday, October 21st. Evercore ISI raised shares of OGE Energy from an “in-line” rating to an “outperform” rating and upped their target price for the company from $40.00 to $47.00 in a report on Tuesday. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, OGE Energy presently has an average rating of “Hold” and an average target price of $45.00.

OGE Energy Stock Up 1.5 %

OGE opened at $43.12 on Friday. The stock’s fifty day simple moving average is $42.06 and its 200 day simple moving average is $40.51. OGE Energy Corp. has a 1-year low of $32.06 and a 1-year high of $44.41. The stock has a market cap of $8.66 billion, a PE ratio of 22.34, a price-to-earnings-growth ratio of 3.71 and a beta of 0.77. The company has a current ratio of 0.86, a quick ratio of 0.51 and a debt-to-equity ratio of 1.09.

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

OGE Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Monday, January 6th will be given a $0.4213 dividend. This represents a $1.69 annualized dividend and a dividend yield of 3.91%. The ex-dividend date of this dividend is Monday, January 6th. OGE Energy’s payout ratio is 87.05%.

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.