SG Americas Securities LLC Sells 154,588 Shares of OGE Energy Corp. (NYSE:OGE)

SG Americas Securities LLC cut its stake in OGE Energy Corp. (NYSE:OGE) by 97.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,154 shares of the utilities provider’s stock after selling 154,588 shares during the quarter. SG Americas Securities LLC’s holdings in OGE Energy were worth $145,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of OGE. American Century Companies Inc. increased its stake in OGE Energy by 56.9% in the first quarter. American Century Companies Inc. now owns 52,482 shares of the utilities provider’s stock worth $2,140,000 after purchasing an additional 19,035 shares during the period. Citigroup Inc. increased its stake in OGE Energy by 24.4% in the first quarter. Citigroup Inc. now owns 56,516 shares of the utilities provider’s stock worth $2,305,000 after purchasing an additional 11,082 shares during the period. Great West Life Assurance Co. Can increased its stake in OGE Energy by 14.9% in the first quarter. Great West Life Assurance Co. Can now owns 120,197 shares of the utilities provider’s stock worth $5,036,000 after purchasing an additional 15,620 shares during the period. Sei Investments Co. increased its stake in OGE Energy by 16.1% in the first quarter. Sei Investments Co. now owns 38,387 shares of the utilities provider’s stock worth $1,606,000 after purchasing an additional 5,317 shares during the period. Finally, Canada Pension Plan Investment Board increased its stake in OGE Energy by 371.2% in the first quarter. Canada Pension Plan Investment Board now owns 452,349 shares of the utilities provider’s stock worth $18,447,000 after purchasing an additional 356,349 shares during the period. 71.84% of the stock is currently owned by institutional investors.

OGE Energy Price Performance

Shares of OGE stock opened at $32.49 on Wednesday. OGE Energy Corp. has a 1-year low of $31.25 and a 1-year high of $38.26. The stock’s 50-day moving average is $33.46 and its 200 day moving average is $34.02. The company has a market cap of $6.52 billion, a P/E ratio of 15.70, a PEG ratio of 3.09 and a beta of 0.73. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.65 and a quick ratio of 0.30.

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

OGE Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 26th. Investors of record on Monday, April 8th will be given a dividend of $0.418 per share. This represents a $1.67 dividend on an annualized basis and a yield of 5.15%. The ex-dividend date of this dividend is Friday, April 5th. OGE Energy’s payout ratio is currently 80.68%.

Analyst Upgrades and Downgrades

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

Insider Activity at OGE Energy

In related news, VP Cristina F. Mcquistion sold 4,187 shares of the firm’s stock in a transaction dated 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 owns 25,926 shares of the company’s stock, valued at $879,409.92. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.53% of the stock is owned by corporate insiders.

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.