Natixis Advisors LLC Has $2.98 Million Position in OGE Energy Corp. (NYSE:OGE)

Natixis Advisors LLC lifted its position in shares of OGE Energy Corp. (NYSE:OGE) by 12.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 72,751 shares of the utilities provider’s stock after purchasing an additional 8,060 shares during the period. Natixis Advisors LLC’s holdings in OGE Energy were worth $2,984,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. ClearBridge Investments Ltd raised its stake in OGE Energy by 2.7% in the 2nd quarter. ClearBridge Investments Ltd now owns 5,829,222 shares of the utilities provider’s stock valued at $208,103,000 after acquiring an additional 150,797 shares during the period. Boston Partners raised its position in shares of OGE Energy by 3.8% in the first quarter. Boston Partners now owns 3,815,848 shares of the utilities provider’s stock valued at $130,878,000 after purchasing an additional 139,872 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of OGE Energy by 31.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,197,585 shares of the utilities provider’s stock worth $78,453,000 after buying an additional 531,730 shares during the last quarter. International Assets Investment Management LLC grew its stake in OGE Energy by 3,834.0% in the 3rd quarter. International Assets Investment Management LLC now owns 748,608 shares of the utilities provider’s stock valued at $30,708,000 after buying an additional 729,579 shares during the last quarter. Finally, Verity & Verity LLC grew its stake in OGE Energy by 0.7% in the 2nd quarter. Verity & Verity LLC now owns 484,136 shares of the utilities provider’s stock valued at $17,284,000 after buying an additional 3,568 shares during the last quarter. 71.84% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on OGE. Evercore ISI boosted their price objective on OGE Energy from $36.00 to $40.00 and gave the stock an “in-line” rating in a report on Thursday, August 8th. Jefferies Financial Group started coverage on OGE Energy in a research note on Thursday, September 19th. They issued a “buy” rating and a $46.00 price target for the company. Finally, Barclays upped their price objective on OGE Energy from $39.00 to $42.00 and gave the company an “equal weight” rating in a report on Monday, October 21st. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $39.40.

OGE Energy Stock Performance

Shares of NYSE:OGE opened at $43.81 on Monday. The business’s 50 day simple moving average is $41.17 and its 200 day simple moving average is $38.70. OGE Energy Corp. has a 1 year low of $32.06 and a 1 year high of $44.33. 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 company has a market capitalization of $8.80 billion, a P/E ratio of 22.70, a P/E/G ratio of 3.94 and a beta of 0.74.

OGE Energy (NYSE:OGE) last released its earnings results on Tuesday, November 5th. The utilities provider reported $1.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.12 by ($0.03). The company 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%. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period last year, the company posted $1.20 earnings per share. On average, research analysts anticipate that OGE Energy Corp. will post 2.15 EPS for the current fiscal year.

OGE Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Monday, October 7th were given a $0.4213 dividend. The ex-dividend date of this dividend was Monday, October 7th. This is a boost from OGE Energy’s previous quarterly dividend of $0.42. This represents a $1.69 annualized dividend and a dividend yield of 3.85%. OGE Energy’s payout ratio is presently 87.05%.

Insider Transactions at OGE Energy

In other OGE Energy news, VP Cristina F. Mcquistion sold 5,008 shares of OGE Energy stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $42.84, for a total value of $214,542.72. Following the transaction, the vice president now owns 20,918 shares in the company, valued at $896,127.12. The trade was a 19.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.53% of the stock is currently owned by insiders.

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.