OGE Energy Corp. (NYSE:OGE) Stock Holdings Lifted by Tectonic Advisors LLC

Tectonic Advisors LLC lifted its position in OGE Energy Corp. (NYSE:OGE) by 5.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 16,109 shares of the utilities provider’s stock after acquiring an additional 859 shares during the quarter. Tectonic Advisors LLC’s holdings in OGE Energy were worth $664,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in OGE. V Square Quantitative Management LLC purchased a new stake in shares of OGE Energy in the third quarter valued at $30,000. Fortitude Family Office LLC acquired a new position in OGE Energy during the third quarter valued at $63,000. Mather Group LLC. lifted its stake in OGE Energy by 20.9% in the 4th quarter. Mather Group LLC. now owns 1,616 shares of the utilities provider’s stock worth $67,000 after acquiring an additional 279 shares in the last quarter. New Wave Wealth Advisors LLC acquired a new stake in OGE Energy during the 4th quarter worth about $80,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in OGE Energy during the 3rd quarter valued at about $134,000. Institutional investors and hedge funds own 71.84% of the company’s stock.

Insider Buying and Selling

In related news, VP Cristina F. Mcquistion sold 5,008 shares of the business’s 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 in the company, valued at approximately $896,127.12. The trade was a 19.32 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.53% of the stock is currently owned by corporate insiders.

OGE Energy Stock Up 0.6 %

Shares of OGE Energy stock opened at $42.62 on Thursday. The firm has a market cap of $8.56 billion, a price-to-earnings ratio of 22.08, a P/E/G ratio of 3.15 and a beta of 0.78. The stock has a 50-day simple moving average of $41.90 and a 200-day simple moving average of $40.94. OGE Energy Corp. has a 52-week low of $32.06 and a 52-week high of $44.41. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.86 and a quick ratio of 0.51.

OGE Energy (NYSE:OGE) last posted its earnings results 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). OGE Energy had a net margin of 13.89% and a return on equity of 8.59%. The business had revenue of $965.40 million during the quarter, compared to analyst estimates of $1.02 billion. During the same quarter last year, the firm earned $1.20 earnings per share. OGE Energy’s revenue was up 2.1% compared to the same quarter last year. On average, equities research analysts expect that OGE Energy Corp. will post 2.17 earnings per share for the current fiscal year.

OGE Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Monday, January 6th were paid a $0.4213 dividend. This represents a $1.69 annualized dividend and a dividend yield of 3.95%. The ex-dividend date was Monday, January 6th. OGE Energy’s payout ratio is presently 87.05%.

Analyst Upgrades and Downgrades

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 increased their price target for the stock from $40.00 to $47.00 in a research report on Tuesday, January 21st. Barclays cut their target price on shares of OGE Energy from $43.00 to $42.00 and set an “equal weight” rating for the company in a research report on Friday, January 24th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price 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.