Retirement Systems of Alabama Purchases 330 Shares of OGE Energy Corp. (NYSE:OGE)

Retirement Systems of Alabama grew its position in shares of OGE Energy Corp. (NYSE:OGE) by 0.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 485,935 shares of the utilities provider’s stock after acquiring an additional 330 shares during the period. Retirement Systems of Alabama owned about 0.24% of OGE Energy worth $20,045,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. V Square Quantitative Management LLC bought a new position in OGE Energy during the 3rd quarter valued at approximately $30,000. Fortitude Family Office LLC purchased a new position in shares of OGE Energy during the third quarter valued at approximately $63,000. Mather Group LLC. raised its holdings in shares of OGE Energy by 20.9% during the fourth quarter. Mather Group LLC. now owns 1,616 shares of the utilities provider’s stock valued at $67,000 after acquiring an additional 279 shares in the last quarter. New Wave Wealth Advisors LLC purchased a new stake in OGE Energy in the fourth quarter worth $80,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in OGE Energy in the third quarter valued at $134,000. 71.84% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at OGE Energy

In related news, VP Cristina F. Mcquistion sold 5,008 shares of the stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $42.84, for a total transaction of $214,542.72. Following the sale, the vice president now directly owns 20,918 shares of the company’s stock, valued at approximately $896,127.12. This represents a 19.32 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.53% of the stock is owned by corporate insiders.

OGE Energy Stock Performance

Shares of OGE stock opened at $42.52 on Friday. The company’s fifty day moving average price is $41.87 and its 200-day moving average price is $40.95. The stock has a market cap of $8.55 billion, a PE ratio of 22.03, a price-to-earnings-growth ratio of 3.15 and a beta of 0.78. 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 12 month low of $32.06 and a 12 month high of $44.41.

OGE Energy (NYSE:OGE) last posted 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 business had revenue of $965.40 million for the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the previous year, the firm earned $1.20 EPS. The company’s revenue was up 2.1% on a year-over-year basis. On average, equities analysts expect that OGE Energy Corp. will post 2.17 EPS for the current fiscal year.

OGE Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Monday, January 6th were paid a $0.4213 dividend. The ex-dividend date of this dividend was Monday, January 6th. This represents a $1.69 annualized dividend and a dividend yield of 3.96%. OGE Energy’s payout ratio is currently 87.05%.

Analyst Upgrades and Downgrades

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