OGE Energy Corp. (NYSE:OGE) Shares Purchased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of OGE Energy Corp. (NYSE:OGE) by 10.9% in the 4th quarter, Holdings Channel reports. The firm owned 43,114 shares of the utilities provider’s stock after purchasing an additional 4,235 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in OGE Energy were worth $1,506,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of OGE. Brighton Jones LLC grew its stake in OGE Energy by 5.8% during the 3rd quarter. Brighton Jones LLC now owns 6,334 shares of the utilities provider’s stock valued at $211,000 after acquiring an additional 345 shares in the last quarter. Fifth Third Bancorp grew its stake in OGE Energy by 4.3% during the 3rd quarter. Fifth Third Bancorp now owns 9,757 shares of the utilities provider’s stock valued at $325,000 after acquiring an additional 405 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in OGE Energy by 3.8% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,768 shares of the utilities provider’s stock valued at $411,000 after acquiring an additional 435 shares in the last quarter. Treasurer of the State of North Carolina grew its stake in OGE Energy by 0.5% during the 3rd quarter. Treasurer of the State of North Carolina now owns 90,606 shares of the utilities provider’s stock valued at $3,020,000 after acquiring an additional 461 shares in the last quarter. Finally, Coldstream Capital Management Inc. grew its stake in OGE Energy by 7.4% during the 3rd quarter. Coldstream Capital Management Inc. now owns 7,939 shares of the utilities provider’s stock valued at $265,000 after acquiring an additional 544 shares in the last quarter. Institutional investors and hedge funds own 71.84% of the company’s stock.

OGE Energy Stock Performance

OGE Energy stock opened at $34.48 on Friday. The firm has a 50 day simple moving average of $33.59 and a 200-day simple moving average of $34.07. OGE Energy Corp. has a 1-year low of $31.25 and a 1-year high of $38.04. 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 stock has a market cap of $6.91 billion, a price-to-earnings ratio of 16.54, a price-to-earnings-growth ratio of 3.18 and a beta of 0.73.

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

OGE Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 26th. Stockholders of record on Monday, April 8th will be issued a $0.418 dividend. The ex-dividend date is Friday, April 5th. This represents a $1.67 annualized dividend and a dividend yield of 4.85%. OGE Energy’s dividend payout ratio is currently 80.68%.

Insider Transactions at OGE Energy

In other news, VP Cristina F. Mcquistion sold 4,187 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $33.92, for a total value of $142,023.04. Following the transaction, 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 this hyperlink. Company insiders own 0.53% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Barclays cut shares of OGE Energy from an “overweight” rating to an “equal weight” rating and set a $34.00 price objective for the company. in a research note on Monday. LADENBURG THALM/SH SH cut shares of 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. TheStreet cut shares of OGE Energy from a “b” rating to a “c+” rating in a research note on Wednesday, February 21st. Finally, StockNews.com raised shares of OGE Energy from a “sell” rating to a “hold” rating in a research note on Tuesday. Five analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $33.40.

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.