OGE Energy Corp. (NYSE:OGE) Stock Position Lifted by BNP Paribas Financial Markets

BNP Paribas Financial Markets grew its position in shares of OGE Energy Corp. (NYSE:OGE) by 3.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 35,907 shares of the utilities provider’s stock after buying an additional 1,155 shares during the period. BNP Paribas Financial Markets’ holdings in OGE Energy were worth $1,481,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of OGE. Norges Bank bought a new position in OGE Energy during the 4th quarter worth approximately $68,876,000. Cohen & Steers Inc. bought a new stake in shares of OGE Energy in the 4th quarter worth approximately $43,618,000. T. Rowe Price Investment Management Inc. lifted its holdings in shares of OGE Energy by 15.8% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 6,174,558 shares of the utilities provider’s stock worth $254,701,000 after purchasing an additional 844,679 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of OGE Energy by 29.3% in the 4th quarter. Northern Trust Corp now owns 3,562,014 shares of the utilities provider’s stock worth $146,933,000 after purchasing an additional 807,690 shares during the last quarter. Finally, Epoch Investment Partners Inc. bought a new stake in shares of OGE Energy in the 4th quarter worth approximately $13,308,000. Institutional investors own 71.84% of the company’s stock.

Insider Activity

In other news, insider William H. Sultemeier sold 6,650 shares of OGE Energy stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $45.54, for a total transaction of $302,841.00. Following the transaction, the insider now directly owns 72,548 shares in the company, valued at approximately $3,303,835.92. This trade represents a 8.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.55% of the stock is owned by insiders.

Analyst Ratings Changes

OGE has been the topic of several recent research reports. Wells Fargo & Company raised their price target on OGE Energy from $46.00 to $47.00 and gave the stock an “equal weight” rating in a report on Thursday, May 1st. Barclays raised their price target on OGE Energy from $44.00 to $45.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 22nd. LADENBURG THALM/SH SH raised OGE Energy to a “hold” rating in a report on Friday, May 9th. Evercore ISI raised OGE Energy from an “in-line” rating to an “outperform” rating and raised their price target for the stock from $40.00 to $47.00 in a report on Tuesday, January 21st. Finally, Argus raised OGE Energy from a “hold” rating to a “buy” rating and set a $47.00 price target on the stock in a report on Friday, April 11th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $46.40.

OGE Energy Stock Up 1.0%

OGE opened at $44.36 on Monday. OGE Energy Corp. has a 12 month low of $34.20 and a 12 month high of $46.91. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.73 and a quick ratio of 0.51. The stock has a market cap of $8.93 billion, a P/E ratio of 20.16, a P/E/G ratio of 3.30 and a beta of 0.61. The stock’s 50 day moving average price is $44.61 and its 200 day moving average price is $43.35.

OGE Energy (NYSE:OGE) last posted its earnings results on Wednesday, April 30th. The utilities provider reported $0.31 EPS for the quarter, beating the consensus estimate of $0.22 by $0.09. OGE Energy had a return on equity of 9.71% and a net margin of 14.79%. The firm had revenue of $747.70 million for the quarter, compared to analysts’ expectations of $695.59 million. During the same period last year, the firm earned $0.09 EPS. The firm’s revenue was up 25.3% compared to the same quarter last year. As a group, research analysts predict that OGE Energy Corp. will post 2.27 earnings per share for the current year.

OGE Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 25th. Investors of record on Monday, July 7th will be given a $0.4213 dividend. This represents a $1.69 annualized dividend and a yield of 3.80%. The ex-dividend date of this dividend is Monday, July 7th. OGE Energy’s dividend payout ratio is currently 69.42%.

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.