Robeco Institutional Asset Management B.V. Decreases Stake in OGE Energy Corp. (NYSE:OGE)

Robeco Institutional Asset Management B.V. lowered its position in OGE Energy Corp. (NYSE:OGE) by 35.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 741,237 shares of the utilities provider’s stock after selling 405,145 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.37% of OGE Energy worth $33,638,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. TRUE Private Wealth Advisors purchased a new position in OGE Energy in the second quarter worth approximately $25,000. Captrust Financial Advisors purchased a new position in OGE Energy in the second quarter worth approximately $25,000. Private Capital Group LLC lifted its stake in OGE Energy by 67.6% in the second quarter. Private Capital Group LLC now owns 761 shares of the utilities provider’s stock worth $27,000 after acquiring an additional 307 shares during the last quarter. Advisory Services Network LLC lifted its stake in OGE Energy by 262.9% in the second quarter. Advisory Services Network LLC now owns 646 shares of the utilities provider’s stock worth $28,000 after acquiring an additional 468 shares during the last quarter. Finally, Redhawk Wealth Advisors Inc. purchased a new position in OGE Energy in the second quarter worth approximately $43,000. Institutional investors own 66.52% of the company’s stock.

A number of research analysts recently issued reports on the stock. Evercore ISI reiterated a “hold” rating and issued a $39.00 price target on shares of OGE Energy in a research note on Sunday, August 11th. ValuEngine downgraded shares of OGE Energy from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Zacks Investment Research upgraded shares of OGE Energy from a “sell” rating to a “hold” rating and set a $48.00 price target for the company in a research note on Monday, September 23rd. Mizuho lifted their price target on shares of OGE Energy from $43.50 to $45.00 and gave the stock a “neutral” rating in a research note on Friday, September 20th. Finally, UBS Group raised their price objective on shares of OGE Energy from $45.00 to $49.00 and gave the stock a “neutral” rating in a report on Friday, September 27th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $43.00.

In other news, Treasurer Charles B. Walworth sold 705 shares of OGE Energy stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $42.81, for a total value of $30,181.05. Following the transaction, the treasurer now directly owns 10,120 shares of the company’s stock, valued at approximately $433,237.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.49% of the stock is currently owned by company insiders.

OGE stock opened at $42.79 on Friday. The company has a current ratio of 0.65, a quick ratio of 0.46 and a debt-to-equity ratio of 0.80. OGE Energy Corp. has a twelve month low of $35.55 and a twelve month high of $45.77. The company’s 50 day moving average is $43.96 and its two-hundred day moving average is $42.94. The stock has a market cap of $8.53 billion, a P/E ratio of 21.00, a PEG ratio of 4.43 and a beta of 0.48.

OGE Energy (NYSE:OGE) last released its quarterly earnings data on Thursday, August 8th. The utilities provider reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.01). OGE Energy had a return on equity of 10.17% and a net margin of 18.39%. The company had revenue of $513.70 million for the quarter, compared to analyst estimates of $589.82 million. During the same period in the previous year, the business posted $0.55 EPS. The firm’s revenue for the quarter was down 9.4% compared to the same quarter last year. On average, equities research analysts predict that OGE Energy Corp. will post 2.15 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 30th. Shareholders of record on Thursday, October 10th will be issued a dividend of $0.3875 per share. The ex-dividend date of this dividend is Wednesday, October 9th. This represents a $1.55 dividend on an annualized basis and a yield of 3.62%. This is a boost from OGE Energy’s previous quarterly dividend of $0.37. OGE Energy’s dividend payout ratio (DPR) is presently 73.11%.

OGE Energy Profile

OGE Energy Corp., together with its subsidiaries, operates as an energy and energy services provider that provides physical delivery and related services for electricity and natural gas primarily in the south central United States. It operates in two segments, Electric Utility and Natural Gas Midstream Operations.

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Institutional Ownership by Quarter for OGE Energy (NYSE:OGE)

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