Yousif Capital Management LLC Sells 1,066 Shares of OGE Energy Corp. (NYSE:OGE)

Yousif Capital Management LLC trimmed its holdings in shares of OGE Energy Corp. (NYSE:OGE) by 1.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 95,884 shares of the utilities provider’s stock after selling 1,066 shares during the quarter. Yousif Capital Management LLC’s holdings in OGE Energy were worth $3,349,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. ClearBridge Investments Ltd grew its holdings in shares of OGE Energy by 3.9% during the third quarter. ClearBridge Investments Ltd now owns 6,684,861 shares of the utilities provider’s stock worth $222,806,000 after purchasing an additional 252,456 shares in the last quarter. Thompson Siegel & Walmsley LLC increased its holdings in shares of OGE Energy by 28.6% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 3,083,472 shares of the utilities provider’s stock worth $102,772,000 after buying an additional 686,174 shares during the last quarter. Invesco Ltd. raised its position in shares of OGE Energy by 13.4% during the 3rd quarter. Invesco Ltd. now owns 1,842,045 shares of the utilities provider’s stock valued at $61,395,000 after buying an additional 217,866 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of OGE Energy by 1.1% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 1,389,835 shares of the utilities provider’s stock worth $46,323,000 after acquiring an additional 15,699 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in OGE Energy by 1.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,263,329 shares of the utilities provider’s stock worth $42,107,000 after acquiring an additional 18,122 shares in the last quarter. 71.84% of the stock is currently owned by institutional investors.

OGE Energy Trading Down 1.9 %

Shares of OGE opened at $33.82 on Monday. The firm has a fifty day simple moving average of $33.64 and a two-hundred day simple moving average of $34.08. OGE Energy Corp. has a twelve month low of $31.25 and a twelve month high of $38.04. The stock has a market capitalization of $6.78 billion, a P/E ratio of 16.34, a PEG ratio of 3.17 and a beta of 0.73. 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 (NYSE:OGE) last posted its earnings results on Tuesday, February 20th. The utilities provider reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.04. The company had revenue of $566.70 million for the quarter, compared to analysts’ expectations of $986.67 million. OGE Energy had a return on equity of 9.37% and a net margin of 15.59%. OGE Energy’s quarterly revenue was down 20.4% on a year-over-year basis. During the same period last year, the firm earned $0.25 earnings per share. On average, research analysts anticipate that OGE Energy Corp. will post 2.13 EPS for the current year.

OGE Energy Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 26th. Investors of record on Monday, April 8th were issued a dividend of $0.418 per share. The ex-dividend date was Friday, April 5th. This represents a $1.67 dividend on an annualized basis and a dividend yield of 4.94%. OGE Energy’s dividend payout ratio is presently 80.68%.

Wall Street Analysts Forecast Growth

OGE has been the subject of several research analyst reports. LADENBURG THALM/SH SH lowered OGE Energy from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $36.00 to $34.00 in a research note on Tuesday, January 16th. Barclays lowered 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 report on Monday, April 22nd. StockNews.com raised shares of OGE Energy from a “sell” rating to a “hold” rating in a report on Tuesday, April 23rd. Finally, TheStreet downgraded shares of OGE Energy from a “b” rating to a “c+” rating in a research note on Wednesday, February 21st. Five equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, OGE Energy has a consensus rating of “Hold” and an average target price of $33.40.

Insider Buying and Selling

In other OGE Energy news, VP Cristina F. Mcquistion sold 4,187 shares of the business’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $33.92, for a total transaction of $142,023.04. Following the transaction, 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 legal filing with the SEC, which can be accessed through the SEC website. 0.53% of the stock is currently owned by insiders.

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.