Foster & Motley Inc. Has $700,000 Position in OGE Energy Corp. (NYSE:OGE)

Foster & Motley Inc. decreased its position in shares of OGE Energy Corp. (NYSE:OGE) by 6.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 16,958 shares of the utilities provider’s stock after selling 1,171 shares during the period. Foster & Motley Inc.’s holdings in OGE Energy were worth $700,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in OGE. Foundations Investment Advisors LLC boosted its holdings in shares of OGE Energy by 41.6% in the 4th quarter. Foundations Investment Advisors LLC now owns 14,743 shares of the utilities provider’s stock valued at $608,000 after purchasing an additional 4,328 shares in the last quarter. KBC Group NV boosted its stake in OGE Energy by 55.2% in the fourth quarter. KBC Group NV now owns 7,795 shares of the utilities provider’s stock valued at $322,000 after buying an additional 2,774 shares in the last quarter. UMB Bank n.a. grew its position in OGE Energy by 6.7% in the fourth quarter. UMB Bank n.a. now owns 8,209 shares of the utilities provider’s stock valued at $339,000 after acquiring an additional 515 shares during the last quarter. M.E. Allison & CO. Inc. acquired a new position in OGE Energy during the fourth quarter worth about $215,000. Finally, Merit Financial Group LLC lifted its holdings in shares of OGE Energy by 14.2% in the fourth quarter. Merit Financial Group LLC now owns 6,505 shares of the utilities provider’s stock worth $268,000 after acquiring an additional 810 shares during the last quarter. 71.84% of the stock is owned by institutional investors.

OGE Energy Stock Down 1.1 %

Shares of NYSE OGE opened at $42.23 on Friday. OGE Energy Corp. has a 1 year low of $32.06 and a 1 year high of $44.41. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.86 and a quick ratio of 0.51. The firm has a market cap of $8.49 billion, a PE ratio of 21.88, a price-to-earnings-growth ratio of 3.14 and a beta of 0.77. The company has a 50 day simple moving average of $41.99 and a 200 day simple moving average of $40.80.

OGE Energy (NYSE:OGE) last issued 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 business had revenue of $965.40 million for the quarter, compared to analyst estimates of $1.02 billion. OGE Energy had a return on equity of 8.59% and a net margin of 13.89%. OGE Energy’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.20 EPS. On average, research analysts forecast that OGE Energy Corp. will post 2.17 EPS for the current year.

OGE Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Monday, January 6th were paid a $0.4213 dividend. The ex-dividend date was Monday, January 6th. This represents a $1.69 annualized dividend and a dividend yield of 3.99%. OGE Energy’s payout ratio is 87.05%.

Insider Transactions at OGE Energy

In related news, VP Cristina F. Mcquistion sold 5,008 shares of OGE Energy stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $42.84, for a total transaction of $214,542.72. Following the completion of the transaction, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.53% of the stock is owned by corporate insiders.

Analyst Ratings Changes

OGE has been the topic of several research reports. Barclays decreased their price target on shares of OGE Energy from $43.00 to $42.00 and set an “equal weight” rating on the stock in a report on Friday, January 24th. Evercore ISI upgraded shares of OGE Energy from an “in-line” rating to an “outperform” rating and upped their price target for the stock from $40.00 to $47.00 in a report on Tuesday, January 21st. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average 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.