Teachers Retirement System of The State of Kentucky Has $2.28 Million Stock Position in OGE Energy Corp. (NYSE:OGE)

Teachers Retirement System of The State of Kentucky reduced its position in OGE Energy Corp. (NYSE:OGE) by 4.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 65,193 shares of the utilities provider’s stock after selling 3,200 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in OGE Energy were worth $2,277,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. EverSource Wealth Advisors LLC increased its holdings in OGE Energy by 178.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 762 shares of the utilities provider’s stock worth $27,000 after buying an additional 488 shares during the last quarter. Voisard Asset Management Group Inc. acquired a new position in shares of OGE Energy during the 4th quarter worth $36,000. Advantage Trust Co bought a new position in shares of OGE Energy during the 4th quarter valued at $49,000. Headlands Technologies LLC raised its holdings in shares of OGE Energy by 441.9% during the 4th quarter. Headlands Technologies LLC now owns 1,436 shares of the utilities provider’s stock valued at $50,000 after purchasing an additional 1,171 shares in the last quarter. Finally, GAMMA Investing LLC bought a new stake in OGE Energy in the fourth quarter worth $66,000. 71.84% of the stock is owned by hedge funds and other institutional investors.

OGE Energy Price Performance

NYSE OGE opened at $35.30 on Friday. OGE Energy Corp. has a twelve month low of $31.25 and a twelve month high of $37.30. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.23 and a current ratio of 0.51. The stock has a market capitalization of $7.08 billion, a PE ratio of 17.92, a P/E/G ratio of 3.30 and a beta of 0.74. The stock has a 50-day simple moving average of $35.28 and a 200 day simple moving average of $34.45.

OGE Energy (NYSE:OGE) last posted its quarterly earnings data on Wednesday, May 1st. The utilities provider reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.26). OGE Energy had a return on equity of 8.89% and a net margin of 14.63%. The business had revenue of $596.80 million for the quarter, compared to analyst estimates of $607.37 million. During the same period in the prior year, the firm posted $0.19 EPS. OGE Energy’s revenue for the quarter was up 7.0% on a year-over-year basis. Research analysts anticipate that OGE Energy Corp. will post 2.13 EPS for the current year.

OGE Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 26th. Investors of record on Monday, July 8th will be paid a $0.418 dividend. This represents a $1.67 annualized dividend and a dividend yield of 4.74%. The ex-dividend date is Monday, July 8th. OGE Energy’s payout ratio is presently 84.77%.

Wall Street Analyst Weigh In

Several research firms have weighed in on OGE. StockNews.com upgraded OGE Energy from a “sell” rating to a “hold” rating in a report on Tuesday, April 23rd. Argus lowered OGE Energy from a “buy” rating to a “hold” rating in a report on Thursday, May 23rd. Finally, Barclays increased their price target on OGE Energy from $34.00 to $35.00 and gave the company an “equal weight” rating in a report on Tuesday. Six analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $33.60.

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.