Financial Counselors Inc. Has $430,000 Stake in OGE Energy Corp. (NYSE:OGE)

Financial Counselors Inc. trimmed its holdings in shares of OGE Energy Corp. (NYSE:OGE) by 13.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,321 shares of the utilities provider’s stock after selling 1,849 shares during the quarter. Financial Counselors Inc.’s holdings in OGE Energy were worth $430,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of OGE. Lazard Asset Management LLC acquired a new position in OGE Energy during the second quarter worth $28,000. Sunbelt Securities Inc. acquired a new position in OGE Energy during the first quarter worth $32,000. Authentikos Wealth Advisory LLC acquired a new position in OGE Energy during the third quarter worth $43,000. Avior Wealth Management LLC increased its position in OGE Energy by 572.5% during the third quarter. Avior Wealth Management LLC now owns 1,466 shares of the utilities provider’s stock worth $49,000 after buying an additional 1,248 shares during the last quarter. Finally, Compass Wealth Management LLC acquired a new stake in shares of OGE Energy in the fourth quarter valued at about $65,000. 71.84% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

OGE has been the topic of several research analyst reports. StockNews.com downgraded OGE Energy from a “hold” rating to a “sell” rating in a research report on Friday, April 5th. Barclays lowered their price target on OGE Energy from $35.00 to $34.00 and set an “overweight” rating on the stock in a research report on Thursday, March 14th. TheStreet downgraded OGE Energy from a “b” rating to a “c+” rating in a research report on Wednesday, February 21st. Finally, LADENBURG THALM/SH SH downgraded OGE Energy from a “buy” rating to a “neutral” rating and lowered their price target for the company from $36.00 to $34.00 in a research report on Tuesday, January 16th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, OGE Energy has an average rating of “Hold” and an average price target of $33.40.

OGE Energy Stock Down 0.5 %

OGE stock opened at $32.92 on Friday. OGE Energy Corp. has a twelve month low of $31.25 and a twelve month high of $38.35. The company has a market cap of $6.60 billion, a PE ratio of 15.90, a price-to-earnings-growth ratio of 3.09 and a beta of 0.73. The business’s 50-day simple moving average is $33.45 and its 200 day simple moving average is $34.03. The company has a quick ratio of 0.30, a current ratio of 0.65 and a debt-to-equity ratio of 0.96.

OGE Energy (NYSE:OGE) last released its earnings results on Tuesday, February 20th. The utilities provider reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.04. OGE Energy had a return on equity of 9.37% and a net margin of 15.59%. The business had revenue of $566.70 million for the quarter, compared to the consensus estimate of $986.67 million. During the same period last year, the business earned $0.25 earnings per share. The firm’s revenue for the quarter was down 20.4% compared to the same quarter last year. On average, research analysts anticipate that OGE Energy Corp. will post 2.13 earnings per share for the current year.

OGE Energy Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 26th. Investors of record on Monday, April 8th will be given a dividend of $0.418 per share. This represents a $1.67 dividend on an annualized basis and a yield of 5.08%. The ex-dividend date of this dividend is Friday, April 5th. OGE Energy’s dividend payout ratio (DPR) is presently 80.68%.

Insiders Place Their Bets

In other OGE Energy news, VP Cristina F. Mcquistion sold 4,187 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $33.92, for a total transaction of $142,023.04. Following the completion of the transaction, the vice president now owns 25,926 shares in the company, valued at $879,409.92. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.42% of the company’s stock.

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.