Raymond James Financial Services Advisors Inc. reduced its position in OGE Energy Corporation (NYSE:OGE) by 4.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 56,610 shares of the utilities provider’s stock after selling 2,494 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in OGE Energy Corporation were worth $1,969,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ffcm LLC boosted its position in shares of OGE Energy Corporation by 199.8% in the second quarter. Ffcm LLC now owns 3,478 shares of the utilities provider’s stock worth $121,000 after purchasing an additional 2,318 shares during the period. Foster & Motley Inc. bought a new position in shares of OGE Energy Corporation in the second quarter worth approximately $205,000. United Services Automobile Association bought a new position in shares of OGE Energy Corporation in the first quarter worth approximately $228,000. Essex Financial Services Inc. boosted its position in shares of OGE Energy Corporation by 9.8% in the second quarter. Essex Financial Services Inc. now owns 6,920 shares of the utilities provider’s stock worth $241,000 after purchasing an additional 620 shares during the period. Finally, Mercer Capital Advisers Inc. boosted its position in shares of OGE Energy Corporation by 0.7% in the second quarter. Mercer Capital Advisers Inc. now owns 7,060 shares of the utilities provider’s stock worth $246,000 after purchasing an additional 47 shares during the period. Institutional investors and hedge funds own 62.53% of the company’s stock.

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OGE Energy Corporation (OGE) opened at 36.92 on Friday. The company has a market cap of $7.37 billion, a price-to-earnings ratio of 19.33 and a beta of 0.88. OGE Energy Corporation has a 12 month low of $29.57 and a 12 month high of $37.41. The company’s 50 day moving average is $36.20 and its 200-day moving average is $35.43.

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

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

In related news, Director Luke R. Corbett sold 1,250 shares of the business’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $36.31, for a total value of $45,387.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider H Scott Forbes sold 4,670 shares of the business’s 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 completion of the sale, the insider now directly owns 18,311 shares of the company’s stock, valued at approximately $662,675.09. The disclosure for this sale can be found here. 0.48% of the stock is owned by insiders.

A number of equities analysts have weighed in on the stock. BidaskClub upgraded shares of OGE Energy Corporation from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Goldman Sachs Group, Inc. (The) assumed coverage on shares of OGE Energy Corporation in a research report on Thursday, July 20th. They issued a “neutral” rating and a $35.00 price target for the company. Jefferies Group LLC reiterated a “hold” rating and issued a $37.00 price target (up from $35.00) on shares of OGE Energy Corporation in a research report on Wednesday, August 9th. Zacks Investment Research lowered shares of OGE Energy Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th. Finally, Evercore ISI assumed coverage on shares of OGE Energy Corporation in a research report on Monday, July 24th. They issued an “outperform” rating and a $37.00 price target for the company. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $36.00.

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.

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

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