OGE Energy Corp. (NYSE:OGE) Shares Acquired by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. raised its position in shares of OGE Energy Corp. (NYSE:OGE) by 3.2% in the third quarter, HoldingsChannel reports. The firm owned 17,701 shares of the utilities provider’s stock after acquiring an additional 553 shares during the period. Rockefeller Capital Management L.P.’s holdings in OGE Energy were worth $724,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. PEAK6 Investments LLC acquired a new position in shares of OGE Energy during the third quarter worth approximately $783,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in OGE Energy by 5.8% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 44,864 shares of the utilities provider’s stock valued at $1,840,000 after acquiring an additional 2,469 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in OGE Energy during the 3rd quarter worth $1,255,000. Freedom Investment Management Inc. bought a new position in shares of OGE Energy in the third quarter worth $945,000. Finally, Townsquare Capital LLC increased its holdings in shares of OGE Energy by 15.0% during the third quarter. Townsquare Capital LLC now owns 12,235 shares of the utilities provider’s stock valued at $502,000 after purchasing an additional 1,593 shares during the period. Institutional investors own 71.84% of the company’s stock.

OGE Energy Stock Performance

NYSE:OGE opened at $41.80 on Tuesday. The company has a 50-day moving average of $41.72 and a 200-day moving average of $39.21. The firm has a market cap of $8.40 billion, a price-to-earnings ratio of 21.66, a price-to-earnings-growth ratio of 3.82 and a beta of 0.77. The company has a current ratio of 0.86, a quick ratio of 0.51 and a debt-to-equity ratio of 1.09. OGE Energy Corp. has a twelve month low of $32.06 and a twelve month high of $44.41.

OGE Energy (NYSE:OGE) last posted its quarterly 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 business had revenue of $965.40 million during 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 company’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.20 EPS. Analysts forecast that OGE Energy Corp. will post 2.14 earnings per share for the current fiscal year.

OGE Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Monday, January 6th will be given a $0.4213 dividend. The ex-dividend date is Monday, January 6th. This represents a $1.69 dividend on an annualized basis and a dividend yield of 4.03%. OGE Energy’s dividend payout ratio (DPR) is 87.05%.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other news, VP Cristina F. Mcquistion sold 5,008 shares of OGE Energy 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 transaction, the vice president now owns 20,918 shares in the company, valued at approximately $896,127.12. The trade was 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 the SEC website. Corporate insiders own 0.53% of the company’s stock.

OGE Energy 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.