Nisa Investment Advisors LLC Has $10.10 Million Holdings in OGE Energy Corp. (NYSE:OGE)

Nisa Investment Advisors LLC trimmed its holdings in shares of OGE Energy Corp. (NYSE:OGE) by 3.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 244,725 shares of the utilities provider’s stock after selling 8,300 shares during the period. Nisa Investment Advisors LLC owned 0.12% of OGE Energy worth $10,095,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of OGE. State Street Corp raised its holdings in shares of OGE Energy by 2.8% in the third quarter. State Street Corp now owns 6,836,303 shares of the utilities provider’s stock valued at $280,425,000 after buying an additional 185,069 shares during the last quarter. Geode Capital Management LLC increased its position in OGE Energy by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 3,349,471 shares of the utilities provider’s stock valued at $137,433,000 after acquiring an additional 40,733 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of OGE Energy by 31.9% during the second quarter. Dimensional Fund Advisors LP now owns 2,197,585 shares of the utilities provider’s stock worth $78,453,000 after purchasing an additional 531,730 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of OGE Energy by 0.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,339,833 shares of the utilities provider’s stock worth $54,960,000 after purchasing an additional 4,761 shares in the last quarter. Finally, Verition Fund Management LLC grew its stake in shares of OGE Energy by 25.2% during the third quarter. Verition Fund Management LLC now owns 1,318,556 shares of the utilities provider’s stock valued at $54,087,000 after purchasing an additional 265,115 shares during the last quarter. Institutional investors own 71.84% of the company’s stock.

Insider Transactions 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 sale, the vice president now owns 20,918 shares of the company’s stock, valued at $896,127.12. This trade represents a 19.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.53% of the company’s stock.

OGE Energy Stock Up 1.5 %

Shares of OGE Energy stock opened at $43.12 on Friday. OGE Energy Corp. has a 12 month low of $32.06 and a 12 month high of $44.41. The business has a fifty day simple moving average of $42.06 and a 200 day simple moving average of $40.51. The company has a quick ratio of 0.51, a current ratio of 0.86 and a debt-to-equity ratio of 1.09. The stock has a market cap of $8.66 billion, a PE ratio of 22.34, a price-to-earnings-growth ratio of 3.71 and a beta of 0.77.

OGE Energy (NYSE:OGE) last announced its quarterly earnings results on Tuesday, November 5th. The utilities provider reported $1.09 EPS for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.03). The company had revenue of $965.40 million during the quarter, compared to the consensus estimate of $1.02 billion. OGE Energy had a net margin of 13.89% and a return on equity of 8.59%. The business’s revenue was up 2.1% compared to the same quarter last year. During the same period last year, the company earned $1.20 earnings per share. Research analysts predict that OGE Energy Corp. will post 2.16 EPS for the current year.

OGE Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Monday, January 6th will be issued a $0.4213 dividend. The ex-dividend date of this dividend is Monday, January 6th. This represents a $1.69 annualized dividend and a yield of 3.91%. OGE Energy’s dividend payout ratio (DPR) is presently 87.05%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on OGE shares. Barclays upped their price objective on OGE Energy from $39.00 to $42.00 and gave the stock an “equal weight” rating in a report on Monday, October 21st. Evercore ISI upgraded shares of OGE Energy from an “in-line” rating to an “outperform” rating and upped their target price for the company from $40.00 to $47.00 in a research report on Tuesday. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $45.00.

About OGE Energy

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.