OGE Energy Corporation (OGE) Shares Sold by Orleans Capital Management Corp LA

Orleans Capital Management Corp LA decreased its position in OGE Energy Corporation (NYSE:OGE) by 0.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 41,486 shares of the utilities provider’s stock after selling 75 shares during the quarter. Orleans Capital Management Corp LA’s holdings in OGE Energy Corporation were worth $1,443,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Ameritas Investment Partners Inc. raised its position in OGE Energy Corporation by 1.5% in the second quarter. Ameritas Investment Partners Inc. now owns 59,762 shares of the utilities provider’s stock valued at $2,079,000 after purchasing an additional 892 shares during the period. The Manufacturers Life Insurance Company raised its position in OGE Energy Corporation by 0.4% in the second quarter. The Manufacturers Life Insurance Company now owns 1,234,376 shares of the utilities provider’s stock valued at $42,944,000 after purchasing an additional 4,932 shares during the period. BlueCrest Capital Management Ltd raised its position in OGE Energy Corporation by 523.1% in the second quarter. BlueCrest Capital Management Ltd now owns 70,240 shares of the utilities provider’s stock valued at $2,444,000 after purchasing an additional 58,968 shares during the period. Janus Henderson Group PLC raised its position in OGE Energy Corporation by 4,697.0% in the second quarter. Janus Henderson Group PLC now owns 990,059 shares of the utilities provider’s stock valued at $34,444,000 after purchasing an additional 969,420 shares during the period. Finally, Prudential PLC raised its position in OGE Energy Corporation by 11.5% in the second quarter. Prudential PLC now owns 8,700 shares of the utilities provider’s stock valued at $303,000 after purchasing an additional 900 shares during the period. 62.54% of the stock is currently owned by institutional investors.

A number of analysts have issued reports on OGE shares. BidaskClub raised OGE Energy Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. Wells Fargo & Company lowered OGE Energy Corporation from an “outperform” rating to a “market perform” rating and set a $38.00 target price on the stock. in a research report on Friday, October 6th. KeyCorp reissued a “hold” rating on shares of OGE Energy Corporation in a research report on Friday, September 1st. Jefferies Group LLC reaffirmed a “hold” rating and set a $35.00 price objective on shares of OGE Energy Corporation in a research report on Friday, July 21st. Finally, Evercore ISI initiated coverage on OGE Energy Corporation in a research report on Monday, July 24th. They set an “outperform” rating and a $37.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $36.00.

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In related news, Director Luke R. Corbett sold 1,250 shares of OGE Energy Corporation stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $36.31, for a total transaction of $45,387.50. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider H Scott Forbes sold 4,670 shares of OGE Energy Corporation stock in a transaction on Monday, August 7th. The stock was sold at an average price of $36.19, for a total transaction of $169,007.30. Following the sale, the insider now directly owns 18,311 shares in the company, valued at approximately $662,675.09. The disclosure for this sale can be found here. Insiders own 0.48% of the company’s stock.

OGE Energy Corporation (OGE) traded up 0.57% during mid-day trading on Friday, hitting $37.06. The stock had a trading volume of 215,457 shares. The company has a market cap of $7.40 billion, a price-to-earnings ratio of 19.40 and a beta of 0.88. OGE Energy Corporation has a one year low of $29.57 and a one year high of $37.41. The company has a 50 day moving average price of $36.11 and a 200-day moving average price of $35.38.

OGE Energy Corporation (NYSE:OGE) last issued its earnings results on Thursday, August 3rd. The utilities provider reported $0.52 EPS for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.05. OGE Energy Corporation had a net margin of 16.50% and a return on equity of 11.06%. The business had revenue of $586.40 million for the quarter, compared to the consensus estimate of $563.00 million. During the same quarter last year, the firm posted $0.35 EPS. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. Equities analysts expect that OGE Energy Corporation will post $1.97 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 30th. Investors of record on Tuesday, October 10th will be paid a dividend of $0.333 per share. This represents a $1.33 annualized dividend and a yield of 3.61%. The ex-dividend date is Friday, October 6th. OGE Energy Corporation’s dividend payout ratio (DPR) is 69.63%.

About OGE Energy Corporation

OGE Energy Corp. (OGE Energy) is an energy and energy services provider offering physical delivery and related services for both electricity and natural gas primarily in the south central United States. The Company operates through two segments: electric utility and natural gas midstream operations. The electric utility segment generates, transmits, distributes and sells electric energy in Oklahoma and western Arkansas.

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Institutional Ownership by Quarter for OGE Energy Corporation (NYSE:OGE)

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