Donnie Jones Sells 6,508 Shares of OGE Energy (NYSE:OGE) Stock

OGE Energy Corporation (NYSE:OGE) SVP Donnie Jones sold 6,508 shares of OGE Energy stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $46.11, for a total transaction of $300,083.88. Following the sale, the senior vice president owned 40,555 shares of the company’s stock, valued at approximately $1,869,991.05. The trade was a 13.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

OGE Energy Stock Performance

OGE opened at $45.96 on Wednesday. The stock has a market cap of $9.49 billion, a P/E ratio of 20.25, a P/E/G ratio of 3.38 and a beta of 0.52. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.77 and a quick ratio of 0.47. The stock’s 50 day simple moving average is $47.84 and its 200 day simple moving average is $47.78. OGE Energy Corporation has a 1-year low of $41.69 and a 1-year high of $50.59.

OGE Energy (NYSE:OGE) last released its quarterly earnings data on Tuesday, July 28th. The utilities provider reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.01. The firm had revenue of $711.90 million during the quarter, compared to the consensus estimate of $782.73 million. OGE Energy had a return on equity of 9.48% and a net margin of 14.44%.OGE Energy’s quarterly revenue was down 4.0% on a year-over-year basis. During the same period last year, the business posted $0.53 EPS. As a group, equities analysts anticipate that OGE Energy Corporation will post 2.42 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Royal Bank Of Canada raised OGE Energy from a “sector perform” rating to an “outperform” rating in a research note on Wednesday. Wall Street Zen raised shares of OGE Energy from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. LADENBURG THALM/SH SH raised their target price on shares of OGE Energy from $42.50 to $47.00 and gave the company a “neutral” rating in a report on Monday, May 11th. BMO Capital Markets cut their target price on shares of OGE Energy from $50.00 to $49.00 and set a “market perform” rating for the company in a research report on Wednesday, July 22nd. Finally, Morgan Stanley cut their target price on shares of OGE Energy from $51.00 to $49.00 and set an “equal weight” rating for the company in a research report on Friday, August 21st. Five investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $49.60.

Institutional Trading of OGE Energy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OGE. Millennium Management LLC raised its stake in OGE Energy by 1,160.8% in the 1st quarter. Millennium Management LLC now owns 94,965 shares of the utilities provider’s stock valued at $4,365,000 after purchasing an additional 87,433 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of OGE Energy by 54.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,043,657 shares of the utilities provider’s stock worth $47,966,000 after purchasing an additional 367,960 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of OGE Energy by 4.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 560,664 shares of the utilities provider’s stock worth $25,768,000 after purchasing an additional 23,051 shares during the last quarter. Focus Partners Wealth grew its holdings in shares of OGE Energy by 7.5% during the first quarter. Focus Partners Wealth now owns 9,145 shares of the utilities provider’s stock worth $420,000 after buying an additional 637 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in shares of OGE Energy by 3.9% during the second quarter. Russell Investments Group Ltd. now owns 8,612 shares of the utilities provider’s stock worth $382,000 after buying an additional 321 shares in the last quarter. Hedge funds and other institutional investors own 71.84% of the company’s stock.

About OGE Energy

OGE Energy Corp. (NYSE:OGE) is an energy and infrastructure holding company headquartered in Oklahoma City, Oklahoma. Through its principal subsidiary, Oklahoma Gas & Electric Company, the company provides regulated electric service to residential, commercial and industrial customers across Oklahoma and western Arkansas. Its diversified generation mix includes coal, natural gas and wind-powered facilities, complemented by ongoing investments in grid modernization and smart technology to enhance reliability and customer satisfaction.

In addition to its core electric utility operations, OGE Energy Corp.