Advantage Trust Co Makes New $49,000 Investment in OGE Energy Corp. (NYSE:OGE)

Advantage Trust Co acquired a new position in shares of OGE Energy Corp. (NYSE:OGE) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,400 shares of the utilities provider’s stock, valued at approximately $49,000.

Other large investors also recently made changes to their positions in the company. Authentikos Wealth Advisory LLC acquired a new stake in shares of OGE Energy in the third quarter valued at approximately $43,000. Headlands Technologies LLC raised its stake in OGE Energy by 441.9% in the 4th quarter. Headlands Technologies LLC now owns 1,436 shares of the utilities provider’s stock valued at $50,000 after acquiring an additional 1,171 shares during the period. GAMMA Investing LLC acquired a new stake in OGE Energy during the 4th quarter valued at $66,000. Mitsubishi UFJ Trust & Banking Corp bought a new position in OGE Energy during the third quarter worth $105,000. Finally, DekaBank Deutsche Girozentrale bought a new position in OGE Energy during the third quarter worth $134,000. Institutional investors and hedge funds own 71.84% of the company’s stock.

Insiders Place Their Bets

In other news, VP Cristina F. Mcquistion sold 4,187 shares of the business’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 completion of 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 filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.53% of the company’s stock.

OGE Energy Stock Performance

Shares of NYSE:OGE traded up $0.43 on Thursday, reaching $36.45. 1,133,143 shares of the company’s stock were exchanged, compared to its average volume of 1,602,427. The company has a current ratio of 0.51, a quick ratio of 0.23 and a debt-to-equity ratio of 0.96. OGE Energy Corp. has a twelve month low of $31.25 and a twelve month high of $38.04. The company has a fifty day moving average of $34.05 and a 200-day moving average of $34.17. The company has a market capitalization of $7.31 billion, a price-to-earnings ratio of 18.50, a PEG ratio of 3.30 and a beta of 0.72.

OGE Energy (NYSE:OGE) last issued its quarterly earnings results on Wednesday, May 1st. The utilities provider reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.26). The company had revenue of $596.80 million for the quarter, compared to analyst estimates of $607.37 million. OGE Energy had a return on equity of 8.89% and a net margin of 14.63%. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.19 EPS. On average, research analysts predict that OGE Energy Corp. will post 2.13 EPS for the current fiscal year.

OGE Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 26th. Investors of record on Monday, April 8th were given a dividend of $0.418 per share. The ex-dividend date of this dividend was Friday, April 5th. This represents a $1.67 annualized dividend and a yield of 4.59%. OGE Energy’s dividend payout ratio is 84.77%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on OGE. TheStreet cut shares of OGE Energy from a “b” rating to a “c+” rating in a research note on Wednesday, February 21st. LADENBURG THALM/SH SH downgraded shares of OGE Energy from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $36.00 to $34.00 in a research report on Tuesday, January 16th. StockNews.com raised OGE Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, April 23rd. Finally, Barclays cut OGE Energy from an “overweight” rating to an “equal weight” rating and set a $34.00 price target for the company. in a report on Monday, April 22nd. Five investment analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target 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.