OGE Energy Corp. (OGE) VP Jerry A. Peace Sells 2,513 Shares
OGE Energy Corp. (NYSE:OGE) VP Jerry A. Peace sold 2,513 shares of the business’s stock in a transaction that occurred on Tuesday, August 14th. The stock was sold at an average price of $36.71, for a total value of $92,252.23. Following the transaction, the vice president now directly owns 11,125 shares in the company, valued at $408,398.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Shares of OGE traded up $0.01 during trading on Friday, reaching $37.55. The company’s stock had a trading volume of 69,671 shares, compared to its average volume of 1,608,419. OGE Energy Corp. has a twelve month low of $29.59 and a twelve month high of $37.56. The firm has a market cap of $7.37 billion, a price-to-earnings ratio of 19.50, a PEG ratio of 3.75 and a beta of 0.66. The company has a quick ratio of 0.28, a current ratio of 0.45 and a debt-to-equity ratio of 0.64.
OGE Energy (NYSE:OGE) last announced its earnings results on Thursday, August 9th. The utilities provider reported $0.55 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.57 by ($0.02). OGE Energy had a net margin of 28.26% and a return on equity of 10.74%. The business had revenue of $567.00 million during the quarter, compared to analyst estimates of $592.64 million. During the same period in the previous year, the company earned $0.52 earnings per share. The business’s revenue for the quarter was down 3.3% on a year-over-year basis. equities analysts expect that OGE Energy Corp. will post 2.04 earnings per share for the current fiscal year.
Several institutional investors and hedge funds have recently made changes to their positions in OGE. HL Financial Services LLC acquired a new position in shares of OGE Energy in the 1st quarter valued at approximately $207,000. Greenwich Wealth Management LLC acquired a new stake in shares of OGE Energy during the 1st quarter valued at approximately $211,000. Wedge Capital Management L L P NC raised its position in shares of OGE Energy by 5.8% during the 1st quarter. Wedge Capital Management L L P NC now owns 392,486 shares of the utilities provider’s stock valued at $12,862,000 after acquiring an additional 21,609 shares in the last quarter. Alps Advisors Inc. raised its position in shares of OGE Energy by 2.5% during the 1st quarter. Alps Advisors Inc. now owns 191,225 shares of the utilities provider’s stock valued at $6,266,000 after acquiring an additional 4,626 shares in the last quarter. Finally, SG Americas Securities LLC raised its position in shares of OGE Energy by 24.4% during the 1st quarter. SG Americas Securities LLC now owns 54,097 shares of the utilities provider’s stock valued at $1,773,000 after acquiring an additional 10,617 shares in the last quarter. 63.46% of the stock is currently owned by institutional investors.
OGE Energy Company Profile
OGE Energy Corp., together with its subsidiaries, operates as an energy and energy services provider that offers physical delivery and related services for electricity and natural gas primarily in the south central United States. The company operates in two segments, Electric Utility and Natural Gas Midstream Operations.
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