OGE Energy Corporation $OGE Shares Sold by Cwm LLC

Cwm LLC trimmed its position in shares of OGE Energy Corporation (NYSE:OGE) by 1.7% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 67,396 shares of the utilities provider’s stock after selling 1,162 shares during the period. Cwm LLC’s holdings in OGE Energy were worth $2,991,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. T. Rowe Price Investment Management Inc. increased its holdings in shares of OGE Energy by 5.9% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 6,538,826 shares of the utilities provider’s stock worth $300,525,000 after buying an additional 364,268 shares during the last quarter. Boston Partners increased its holdings in shares of OGE Energy by 29.1% during the 1st quarter. Boston Partners now owns 5,401,857 shares of the utilities provider’s stock worth $248,209,000 after buying an additional 1,219,062 shares during the last quarter. Northern Trust Corp increased its holdings in shares of OGE Energy by 0.3% during the 1st quarter. Northern Trust Corp now owns 3,573,926 shares of the utilities provider’s stock worth $164,258,000 after buying an additional 11,912 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of OGE Energy by 6.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,438,764 shares of the utilities provider’s stock worth $112,081,000 after buying an additional 137,857 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in shares of OGE Energy by 20.4% during the 1st quarter. Invesco Ltd. now owns 1,673,459 shares of the utilities provider’s stock worth $76,912,000 after buying an additional 283,281 shares during the last quarter. 71.84% of the stock is currently owned by institutional investors and hedge funds.

OGE Energy Stock Performance

NYSE:OGE opened at $46.47 on Friday. The firm has a 50-day moving average of $45.09 and a two-hundred day moving average of $44.67. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.78 and a quick ratio of 0.48. The stock has a market cap of $9.36 billion, a P/E ratio of 19.05, a PEG ratio of 3.22 and a beta of 0.59. OGE Energy Corporation has a 1-year low of $39.10 and a 1-year high of $47.33.

OGE Energy (NYSE:OGE) last announced its earnings results on Tuesday, July 29th. The utilities provider reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.05). The business had revenue of $741.60 million for the quarter, compared to analyst estimates of $719.97 million. OGE Energy had a net margin of 15.27% and a return on equity of 10.60%. The firm’s revenue was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.51 earnings per share. On average, research analysts expect that OGE Energy Corporation will post 2.27 earnings per share for the current fiscal year.

OGE Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, October 6th will be paid a dividend of $0.425 per share. This is a boost from OGE Energy’s previous quarterly dividend of $0.42. This represents a $1.70 annualized dividend and a dividend yield of 3.7%. The ex-dividend date is Monday, October 6th. OGE Energy’s payout ratio is 69.67%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Wall Street Zen upgraded OGE Energy from a “sell” rating to a “hold” rating in a report on Sunday, September 7th. UBS Group increased their price target on OGE Energy from $46.00 to $47.00 and gave the company a “neutral” rating in a report on Friday, October 10th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of OGE Energy in a report on Wednesday, October 8th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, OGE Energy presently has an average rating of “Moderate Buy” and an average price target of $47.00.

OGE Energy Company Profile

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.