Vista Investment Partners LLC Sells 5,294 Shares of OGE Energy Corp. (NYSE:OGE)

Vista Investment Partners LLC lessened its holdings in OGE Energy Corp. (NYSE:OGE) by 3.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 141,501 shares of the utilities provider’s stock after selling 5,294 shares during the quarter. OGE Energy makes up approximately 1.8% of Vista Investment Partners LLC’s investment portfolio, making the stock its 11th largest position. Vista Investment Partners LLC’s holdings in OGE Energy were worth $5,837,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in OGE. FMR LLC raised its position in shares of OGE Energy by 16.3% during the third quarter. FMR LLC now owns 558,967 shares of the utilities provider’s stock worth $22,929,000 after acquiring an additional 78,164 shares during the last quarter. PEAK6 Investments LLC acquired a new stake in OGE Energy during the 3rd quarter valued at approximately $783,000. Navellier & Associates Inc. bought a new position in OGE Energy during the 3rd quarter worth approximately $785,000. BNP Paribas Financial Markets boosted its stake in shares of OGE Energy by 316.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 34,752 shares of the utilities provider’s stock valued at $1,426,000 after purchasing an additional 26,411 shares during the last quarter. Finally, Harbor Capital Advisors Inc. increased its position in shares of OGE Energy by 83.4% during the fourth quarter. Harbor Capital Advisors Inc. now owns 95,691 shares of the utilities provider’s stock worth $3,947,000 after buying an additional 43,529 shares during the period. 71.84% of the stock is currently owned by institutional investors and hedge funds.

OGE Energy Trading Up 0.1 %

NYSE:OGE opened at $43.15 on Friday. OGE Energy Corp. has a 12 month low of $32.06 and a 12 month high of $44.41. 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 stock has a market capitalization 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 firm has a fifty day simple moving average of $42.09 and a two-hundred day simple moving average of $40.62.

OGE Energy (NYSE:OGE) last issued its earnings results 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 net margin of 13.89% and a return on equity of 8.59%. The firm had revenue of $965.40 million during the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the prior year, the business earned $1.20 earnings per share. The business’s quarterly revenue was up 2.1% on a year-over-year basis. Analysts expect that OGE Energy Corp. will post 2.16 EPS for the current fiscal year.

OGE Energy Dividend Announcement

The firm also recently disclosed 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 annualized dividend and a yield of 3.91%. OGE Energy’s payout ratio is 87.05%.

Insider Buying and Selling at OGE Energy

In other news, VP Cristina F. Mcquistion sold 5,008 shares of the stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $42.84, for a total value of $214,542.72. Following the completion of the sale, the vice president now directly owns 20,918 shares of the company’s stock, valued at $896,127.12. This represents a 19.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Barclays dropped their target price 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. Evercore ISI upgraded OGE Energy from an “in-line” rating to an “outperform” rating and upped their target price for the company from $40.00 to $47.00 in a research report on Tuesday, January 21st. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $45.00.

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.