OGE Energy Corp. (NYSE:OGE) Shares Purchased by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. raised its position in OGE Energy Corp. (NYSE:OGE) by 83.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 95,691 shares of the utilities provider’s stock after acquiring an additional 43,529 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in OGE Energy were worth $3,947,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. B. Riley Wealth Advisors Inc. increased its holdings in shares of OGE Energy by 3.1% during the second quarter. B. Riley Wealth Advisors Inc. now owns 9,579 shares of the utilities provider’s stock valued at $342,000 after purchasing an additional 290 shares during the period. Centennial Wealth Advisory LLC grew its position in OGE Energy by 3.8% in the 3rd quarter. Centennial Wealth Advisory LLC now owns 8,120 shares of the utilities provider’s stock valued at $333,000 after buying an additional 300 shares in the last quarter. UMB Bank n.a. increased its stake in OGE Energy by 5.3% during the 3rd quarter. UMB Bank n.a. now owns 7,694 shares of the utilities provider’s stock valued at $316,000 after buying an additional 390 shares during the period. US Bancorp DE raised its position in shares of OGE Energy by 1.8% during the 3rd quarter. US Bancorp DE now owns 24,335 shares of the utilities provider’s stock worth $998,000 after buying an additional 419 shares in the last quarter. Finally, JBR Co Financial Management Inc lifted its stake in shares of OGE Energy by 0.7% in the 3rd quarter. JBR Co Financial Management Inc now owns 73,545 shares of the utilities provider’s stock worth $3,017,000 after acquiring an additional 525 shares during the period. Hedge funds and other institutional investors own 71.84% of the company’s stock.

Insider Buying and Selling at OGE Energy

In other news, VP Cristina F. Mcquistion sold 5,008 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $42.84, for a total transaction of $214,542.72. Following the completion of the sale, the vice president now directly owns 20,918 shares of the company’s stock, valued at $896,127.12. This trade represents a 19.32 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.53% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on OGE. Barclays raised their price objective on shares of OGE Energy from $39.00 to $42.00 and gave the company an “equal weight” rating in a research note on Monday, October 21st. Jefferies Financial Group started coverage on OGE Energy in a research note on Thursday, September 19th. They issued a “buy” rating and a $46.00 price objective on the stock. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, OGE Energy presently has an average rating of “Hold” and an average target price of $40.50.

OGE Energy Price Performance

OGE opened at $39.78 on Friday. The firm has a market capitalization of $7.99 billion, a P/E ratio of 20.61, a PEG ratio of 3.80 and a beta of 0.77. The stock has a fifty day moving average of $42.11 and a 200-day moving average of $40.09. The company has a quick ratio of 0.51, a current ratio of 0.86 and a debt-to-equity ratio of 1.09. OGE Energy Corp. has a 12-month low of $32.06 and a 12-month high of $44.41.

OGE Energy (NYSE:OGE) last announced its quarterly earnings data on Tuesday, November 5th. The utilities provider reported $1.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.12 by ($0.03). OGE Energy had a return on equity of 8.59% and a net margin of 13.89%. The business had revenue of $965.40 million during the quarter, compared to analysts’ expectations of $1.02 billion. During the same period in the prior year, the company posted $1.20 earnings per share. The firm’s revenue was up 2.1% on a year-over-year basis. Equities analysts forecast that OGE Energy Corp. will post 2.14 EPS for the current fiscal year.

OGE Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Monday, January 6th will be paid a $0.4213 dividend. The ex-dividend date is Monday, January 6th. This represents a $1.69 annualized dividend and a yield of 4.24%. OGE Energy’s dividend payout ratio is presently 87.05%.

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.