Mutual of America Capital Management LLC Sells 6,431 Shares of OGE Energy Corp. (NYSE:OGE)

Mutual of America Capital Management LLC decreased its holdings in shares of OGE Energy Corp. (NYSE:OGE) by 4.9% in the fourth quarter, HoldingsChannel reports. The firm owned 123,768 shares of the utilities provider’s stock after selling 6,431 shares during the quarter. Mutual of America Capital Management LLC’s holdings in OGE Energy were worth $4,323,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Lazard Asset Management LLC purchased a new position in shares of OGE Energy during the 2nd quarter worth approximately $28,000. Sunbelt Securities Inc. purchased a new position in shares of OGE Energy during the 1st quarter worth approximately $32,000. Authentikos Wealth Advisory LLC purchased a new position in shares of OGE Energy during the 3rd quarter worth approximately $43,000. Avior Wealth Management LLC grew its holdings in shares of OGE Energy by 572.5% during the 3rd quarter. Avior Wealth Management LLC now owns 1,466 shares of the utilities provider’s stock worth $49,000 after acquiring an additional 1,248 shares during the period. Finally, Compass Wealth Management LLC purchased a new position in shares of OGE Energy during the 4th quarter worth approximately $65,000. Institutional investors own 71.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. LADENBURG THALM/SH SH downgraded OGE Energy from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $36.00 to $34.00 in a report on Tuesday, January 16th. TheStreet downgraded OGE Energy from a “b” rating to a “c+” rating in a research note on Wednesday, February 21st. Barclays cut their price target on OGE Energy from $35.00 to $34.00 and set an “overweight” rating on the stock in a research note on Thursday, March 14th. Finally, StockNews.com downgraded OGE Energy from a “hold” rating to a “sell” rating in a research note on Friday, April 5th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, OGE Energy has a consensus rating of “Hold” and an average target price of $33.40.

OGE Energy Stock Performance

OGE Energy stock opened at $32.86 on Tuesday. The stock’s 50 day moving average is $33.46 and its 200 day moving average is $34.03. The company has a quick ratio of 0.30, a current ratio of 0.65 and a debt-to-equity ratio of 0.96. OGE Energy Corp. has a twelve month low of $31.25 and a twelve month high of $38.26. The company has a market capitalization of $6.59 billion, a P/E ratio of 15.87, a PEG ratio of 3.09 and a beta of 0.73.

OGE Energy (NYSE:OGE) last issued its earnings results on Tuesday, February 20th. The utilities provider reported $0.24 EPS for the quarter, beating the consensus estimate of $0.20 by $0.04. OGE Energy had a return on equity of 9.37% and a net margin of 15.59%. The business had revenue of $566.70 million for the quarter, compared to the consensus estimate of $986.67 million. During the same period last year, the business posted $0.25 EPS. The company’s revenue was down 20.4% compared to the same quarter last year. On average, equities research analysts predict that OGE Energy Corp. will post 2.13 earnings per share for the current fiscal year.

OGE Energy Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 26th. Shareholders of record on Monday, April 8th will be paid a dividend of $0.418 per share. The ex-dividend date is Friday, April 5th. This represents a $1.67 annualized dividend and a yield of 5.09%. OGE Energy’s dividend payout ratio is 80.68%.

Insider Buying and Selling at OGE Energy

In other OGE Energy news, VP Cristina F. Mcquistion sold 4,187 shares of the stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $33.92, for a total transaction of $142,023.04. Following the sale, the vice president now directly owns 25,926 shares in the company, valued at approximately $879,409.92. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.53% of the company’s stock.

OGE Energy 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.