Sanctuary Advisors LLC Buys Shares of 10,338 OGE Energy Corp. (NYSE:OGE)

Sanctuary Advisors LLC purchased a new position in shares of OGE Energy Corp. (NYSE:OGE) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 10,338 shares of the utilities provider’s stock, valued at approximately $453,000.

Several other large investors also recently added to or reduced their stakes in OGE. Coldstream Capital Management Inc. grew its stake in OGE Energy by 13.6% during the third quarter. Coldstream Capital Management Inc. now owns 8,135 shares of the utilities provider’s stock valued at $334,000 after acquiring an additional 972 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of 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 worth $137,433,000 after buying an additional 40,733 shares during the last quarter. M&T Bank Corp lifted its holdings in shares of OGE Energy by 9.9% during the 3rd quarter. M&T Bank Corp now owns 10,190 shares of the utilities provider’s stock worth $418,000 after acquiring an additional 922 shares during the last quarter. Barclays PLC grew its position in OGE Energy by 45.1% in the third quarter. Barclays PLC now owns 126,230 shares of the utilities provider’s stock worth $5,176,000 after acquiring an additional 39,263 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new position in OGE Energy in the third quarter valued at $580,000. Hedge funds and other institutional investors own 71.84% of the company’s stock.

Insider Activity

In other OGE Energy news, VP Cristina F. Mcquistion sold 5,008 shares of the firm’s stock in a transaction on Wednesday, November 13th. The stock was 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 approximately $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 SEC, which can be accessed through this link. 0.53% of the stock is currently owned by company insiders.

Analyst Ratings Changes

OGE has been the subject of a number of research reports. Jefferies Financial Group initiated coverage on OGE Energy in a report on Thursday, September 19th. They issued a “buy” rating and a $46.00 price objective for the company. Barclays lifted their price target on shares of OGE Energy from $39.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Monday, October 21st. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $40.50.

OGE Energy Stock Down 0.3 %

Shares of NYSE OGE opened at $41.37 on Friday. 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 firm’s fifty day moving average is $42.00 and its 200 day moving average is $39.68. The company has a market cap of $8.31 billion, a price-to-earnings ratio of 21.44, a PEG ratio of 3.80 and a beta of 0.77. OGE Energy Corp. has a 52 week low of $32.06 and a 52 week high of $44.41.

OGE Energy (NYSE:OGE) last issued its quarterly earnings data on Tuesday, November 5th. The utilities provider reported $1.09 EPS for the quarter, missing the consensus estimate of $1.12 by ($0.03). OGE Energy had a return on equity of 8.59% and a net margin of 13.89%. The company had revenue of $965.40 million during the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter last year, the company posted $1.20 earnings per share. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. On average, equities research analysts expect that OGE Energy Corp. will post 2.14 earnings per share for the current year.

OGE Energy Announces Dividend

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 dividend of $0.4213 per share. The ex-dividend date is Monday, January 6th. This represents a $1.69 dividend on an annualized basis and a dividend yield of 4.07%. OGE Energy’s dividend payout ratio (DPR) is 87.05%.

OGE Energy Company Profile

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.