OGE Energy Corp. (NYSE:OGE) Shares Sold by Mackenzie Financial Corp

Mackenzie Financial Corp decreased its holdings in shares of OGE Energy Corp. (NYSE:OGE) by 2.8% in the 4th quarter, Holdings Channel.com reports. The fund owned 192,257 shares of the utilities provider’s stock after selling 5,582 shares during the quarter. Mackenzie Financial Corp’s holdings in OGE Energy were worth $6,716,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. United Capital Financial Advisers LLC increased its stake in OGE Energy by 2.4% during the fourth quarter. United Capital Financial Advisers LLC now owns 13,004 shares of the utilities provider’s stock worth $514,000 after acquiring an additional 305 shares during the last quarter. Brighton Jones LLC grew its stake in shares of OGE Energy by 5.8% in the third quarter. Brighton Jones LLC now owns 6,334 shares of the utilities provider’s stock valued at $211,000 after buying an additional 345 shares in the last quarter. First Republic Investment Management Inc. grew its stake in shares of OGE Energy by 0.8% in the first quarter. First Republic Investment Management Inc. now owns 43,660 shares of the utilities provider’s stock valued at $1,780,000 after buying an additional 358 shares in the last quarter. Captrust Financial Advisors grew its stake in shares of OGE Energy by 1.5% in the fourth quarter. Captrust Financial Advisors now owns 25,863 shares of the utilities provider’s stock valued at $1,023,000 after buying an additional 373 shares in the last quarter. Finally, Fifth Third Bancorp grew its stake in shares of OGE Energy by 4.3% in the third quarter. Fifth Third Bancorp now owns 9,757 shares of the utilities provider’s stock valued at $325,000 after buying an additional 405 shares in the last quarter. Institutional investors and hedge funds own 71.84% of the company’s stock.

Insiders Place Their Bets

In other OGE Energy news, VP Cristina F. Mcquistion sold 4,187 shares of OGE Energy 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 completion of the sale, the vice president now directly owns 25,926 shares of the company’s stock, valued at approximately $879,409.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.53% of the stock is owned by company insiders.

OGE Energy Trading Up 2.7 %

OGE opened at $34.05 on Friday. OGE Energy Corp. has a 12 month low of $31.25 and a 12 month high of $38.04. The stock has a market capitalization of $6.83 billion, a price-to-earnings ratio of 16.45, a PEG ratio of 3.19 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. The business has a fifty day moving average price of $33.50 and a 200 day moving average price of $34.04.

OGE Energy (NYSE:OGE) last announced its quarterly earnings results on Tuesday, February 20th. The utilities provider reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.04. The company had revenue of $566.70 million during the quarter, compared to the consensus estimate of $986.67 million. OGE Energy had a return on equity of 9.37% and a net margin of 15.59%. OGE Energy’s revenue for the quarter was down 20.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.25 EPS. Sell-side analysts expect that OGE Energy Corp. will post 2.13 earnings per share for the current fiscal year.

OGE Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 26th. Shareholders of record on Monday, April 8th will be issued a dividend of $0.418 per share. This represents a $1.67 dividend on an annualized basis and a yield of 4.91%. The ex-dividend date is Friday, April 5th. OGE Energy’s dividend payout ratio (DPR) is 80.68%.

Analyst Ratings Changes

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

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.