Inspire Investing LLC Sells 8,711 Shares of OGE Energy Corp. (NYSE:OGE)

Inspire Investing LLC reduced its position in shares of OGE Energy Corp. (NYSE:OGE) by 35.1% in the fourth quarter, Holdings Channel reports. The firm owned 16,106 shares of the utilities provider’s stock after selling 8,711 shares during the quarter. Inspire Investing LLC’s holdings in OGE Energy were worth $664,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. FMR LLC increased its stake in OGE Energy by 16.3% during the 3rd quarter. FMR LLC now owns 558,967 shares of the utilities provider’s stock valued at $22,929,000 after purchasing an additional 78,164 shares in the last quarter. PEAK6 Investments LLC purchased a new stake in shares of OGE Energy during the 3rd quarter valued at about $783,000. Navellier & Associates Inc. purchased a new stake in shares of OGE Energy during the 3rd quarter valued at about $785,000. BNP Paribas Financial Markets boosted its holdings in shares of OGE Energy by 316.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 34,752 shares of the utilities provider’s stock valued at $1,426,000 after acquiring an additional 26,411 shares during the last quarter. Finally, Harbor Capital Advisors Inc. boosted its holdings in shares of OGE Energy by 83.4% during the 4th quarter. Harbor Capital Advisors Inc. now owns 95,691 shares of the utilities provider’s stock valued at $3,947,000 after acquiring an additional 43,529 shares during the last quarter. 71.84% of the stock is currently owned by institutional investors.

OGE Energy Stock Performance

OGE opened at $43.15 on Friday. The company has a current ratio of 0.86, a quick ratio of 0.51 and a debt-to-equity ratio of 1.09. The company has a market cap of $8.67 billion, a price-to-earnings ratio of 22.35, a PEG ratio of 3.63 and a beta of 0.77. The company’s 50 day moving average is $42.09 and its 200 day moving average is $40.58. 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 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.03). The business had revenue of $965.40 million during the quarter, compared to analysts’ expectations of $1.02 billion. OGE Energy had a return on equity of 8.59% and a net margin of 13.89%. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.20 EPS. On average, equities research analysts predict that OGE Energy Corp. will post 2.16 EPS for the current year.

OGE Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Monday, January 6th will be issued a $0.4213 dividend. This represents a $1.69 dividend on an annualized basis and a dividend yield of 3.91%. The ex-dividend date of this dividend is Monday, January 6th. OGE Energy’s payout ratio is 87.05%.

Insider Buying and Selling

In other OGE Energy news, VP Cristina F. Mcquistion sold 5,008 shares of OGE Energy stock in a transaction that occurred on Wednesday, November 13th. The shares were 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 of the company’s stock, valued at $896,127.12. The trade was a 19.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.53% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Evercore ISI raised shares of OGE Energy from an “in-line” rating to an “outperform” rating and raised their price target for the company from $40.00 to $47.00 in a report on Tuesday. Barclays dropped their price target on shares of OGE Energy from $43.00 to $42.00 and set an “equal weight” rating on the stock in a report on Friday. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, OGE Energy presently has an average rating of “Hold” and an average target price of $45.00.

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.