OGE Energy Corporation (NYSE:OGE) is expected to pay $0.30 on Oct 28, 2016. The indicated annual dividend is $1.21. Shareholders owning the stock before Oct 6, 2016 will be eligible to receive the payout. Based on OGE Energy Corporation’s current price of $30.48, the dividend is 0.99%. This dividend’s record date is Oct 11, 2016 and the announcement date is Sep 28, 2016. The stock decreased 2.74% or $0.86 during the last trading session, hitting $30.48. OGE Energy Corp. (NYSE:OGE) has risen 17.96% since March 2, 2016 and is uptrending. It has outperformed by 9.70% the S&P500.
OGE Energy Corp. is an energy and energy services well-known provider offering physical delivery and related services for both electricity and natural gas in the south central United States. The company has a market cap of $6.03 billion. The Firm operates through two business divisions: electric utility and natural gas midstream operations. It has a 25.65 P/E ratio. The electric utility segment generates, transmits, distributes and sells electric energy in Oklahoma and western Arkansas.
Insitutional Activity: The institutional sentiment increased to 1.3 in Q2 2016. Its up 0.14, from 1.16 in 2016Q1. The ratio is positive, as 31 funds sold all OGE Energy Corp. shares owned while 96 reduced positions. 38 funds bought stakes while 127 increased positions. They now own 125.30 million shares or 1.37% less from 127.04 million shares in 2016Q1.
Advsr Asset last reported 0.03% of its portfolio in the stock. Apg Asset Mgmt Nv owns 824,032 shares or 0.05% of their US portfolio. Jpmorgan Chase accumulated 0% or 473,076 shares. Daiwa holds 0% of its portfolio in OGE Energy Corp. (NYSE:OGE) for 4,200 shares. Price T Rowe Associates Md has invested 0% of its portfolio in OGE Energy Corp. (NYSE:OGE). Mizuho Asset Coltd last reported 2,640 shares in the company. Swiss Natl Bank owns 559,800 shares or 0.03% of their US portfolio. Credit Agricole S A has invested 0.01% of its portfolio in OGE Energy Corp. (NYSE:OGE). Mcgowan Group Asset Mgmt holds 10,834 shares or 0.06% of its portfolio. Fulton Bancorp Na has 0.05% invested in the company for 14,660 shares. Glenmede Trust Com Na reported 16,841 shares or 0% of all its holdings. Moreover, Fmr Ltd has 0.03% invested in OGE Energy Corp. (NYSE:OGE) for 7.49M shares. Capstone Asset Company accumulated 0.02% or 19,379 shares. Teachers Retirement Of The State Of Kentucky reported 43,288 shares or 0.02% of all its holdings. California Employees Retirement System reported 577,000 shares or 0.03% of all its holdings.
Insider Transactions: Since April 29, 2016, the stock had 0 insider purchases, and 4 sales for $816,051 net activity. Another trade for 10,000 shares valued at $311,720 was sold by Leger Jean C Jr. Another trade for 4,959 shares valued at $159,306 was made by Forbes H Scott on Wednesday, September 7.
OGE Energy Corp. (NYSE:OGE) Ratings Coverage
Out of 4 analysts covering OGE Energy (NYSE:OGE), 0 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 0 are positive. OGE Energy has been the topic of 9 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The rating was downgraded by Argus Research on Monday, April 11 to “Hold”. The rating was maintained by Wunderlich on Friday, November 6 with “Hold”. The stock of OGE Energy Corp. (NYSE:OGE) earned “Equal-Weight” rating by Barclays Capital on Friday, March 18. The rating was maintained by Wunderlich with “Hold” on Thursday, December 3. The firm earned “Hold” rating on Friday, August 14 by Jefferies.
More notable recent OGE Energy Corp. (NYSE:OGE) news were published by: Forbes.com which released: “Ex-Dividend Reminder: OGE Energy, Waddell & Reed Financial and Marsh …” on October 04, 2016, also Prnewswire.com with their article: “OGE Energy Corp. increases annual dividend to $1.21 per share” published on September 28, 2016, Prnewswire.com published: “OGE Energy Corp. 2nd Quarter 2016 Earnings Webcast” on July 11, 2016. More interesting news about OGE Energy Corp. (NYSE:OGE) were released by: Prnewswire.com and their article: “OGE Energy Corp. reports earnings for 2015 and outlook for 2016” published on February 26, 2016 as well as Prnewswire.com‘s news article titled: “OGE Energy Corp. Names Frank A. Bozich to Board of Directors” with publication date: December 07, 2015.
OGE Company Profile
OGE Energy Corp. (OGE Energy), incorporated on August 4, 1995, is an energy and energy services well-known provider offering physical delivery and related services for both electricity and natural gas in the south central United States. The Firm operates through two business divisions: electric utility and natural gas midstream operations. The electric utility segment generates, transmits, distributes and sells electric energy in Oklahoma and western Arkansas. The Company’s activities are conducted through Oklahoma Gas and Electric Company (OG&E). OG&E is an electric utility in Oklahoma and its franchised service territory includes the Fort Smith, Arkansas area. The natural gas midstream activities segment represents the Company’s investment in Enable Midstream Partners, LP (Enable), through its subsidiary OGE Holdings. Enable is engaged in the business of gathering, processing, transporting and storing natural gas. Enable’s natural gas gathering and processing assets are located in over four states and serve natural gas production from shale developments in the Anadarko, Arkoma and Ark-La-Tex basins. Enable also owns an emerging crude oil gathering business in the Bakken shale formation, principally located in the Williston basin. Enable’s natural gas transportation and storage assets extend from western Oklahoma and the Texas Panhandle to Alabama and from Louisiana to Illinois.
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