OGE Energy Corporation $OGE Stock Position Decreased by Advisors Asset Management Inc.

Advisors Asset Management Inc. trimmed its position in shares of OGE Energy Corporation (NYSE:OGE) by 39.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 43,687 shares of the utilities provider’s stock after selling 28,253 shares during the quarter. Advisors Asset Management Inc.’s holdings in OGE Energy were worth $1,939,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in OGE. Golden State Wealth Management LLC raised its position in OGE Energy by 427.0% during the second quarter. Golden State Wealth Management LLC now owns 780 shares of the utilities provider’s stock valued at $35,000 after acquiring an additional 632 shares in the last quarter. Clearstead Trust LLC acquired a new position in shares of OGE Energy during the 1st quarter worth $42,000. Brooklyn Investment Group increased its stake in shares of OGE Energy by 725.5% during the 1st quarter. Brooklyn Investment Group now owns 908 shares of the utilities provider’s stock worth $42,000 after purchasing an additional 798 shares during the last quarter. Tompkins Financial Corp raised its holdings in shares of OGE Energy by 42.9% during the 2nd quarter. Tompkins Financial Corp now owns 1,000 shares of the utilities provider’s stock valued at $44,000 after purchasing an additional 300 shares in the last quarter. Finally, MTM Investment Management LLC acquired a new stake in shares of OGE Energy in the 2nd quarter valued at $51,000. Institutional investors own 71.84% of the company’s stock.

Analyst Ratings Changes

OGE has been the topic of several analyst reports. Barclays increased their target price on shares of OGE Energy from $47.00 to $51.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 21st. Jefferies Financial Group increased their price objective on OGE Energy from $52.00 to $55.00 and gave the company a “buy” rating in a report on Wednesday, October 22nd. Royal Bank Of Canada raised OGE Energy to a “hold” rating in a research note on Tuesday, October 28th. Mizuho upped their target price on OGE Energy from $45.00 to $47.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 29th. Finally, UBS Group increased their price target on OGE Energy from $46.00 to $47.00 and gave the company a “neutral” rating in a report on Friday, October 10th. Five research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $48.75.

OGE Energy Trading Up 0.6%

Shares of OGE Energy stock opened at $45.78 on Friday. OGE Energy Corporation has a 1 year low of $39.41 and a 1 year high of $47.33. The company’s fifty day simple moving average is $45.34 and its 200-day simple moving average is $44.79. The company has a market cap of $9.22 billion, a price-to-earnings ratio of 18.39, a PEG ratio of 3.08 and a beta of 0.60. The company has a current ratio of 0.78, a quick ratio of 0.48 and a debt-to-equity ratio of 1.16.

OGE Energy (NYSE:OGE) last issued its quarterly earnings results on Tuesday, October 28th. The utilities provider reported $1.14 earnings per share for the quarter, missing analysts’ consensus estimates of $1.16 by ($0.02). The company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.04 billion. OGE Energy had a net margin of 15.28% and a return on equity of 10.86%. OGE Energy’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same period last year, the company earned $1.09 earnings per share. As a group, sell-side analysts expect that OGE Energy Corporation will post 2.27 EPS for the current year.

OGE Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Monday, October 6th were given a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a yield of 3.7%. This is a positive change from OGE Energy’s previous quarterly dividend of $0.42. The ex-dividend date was Monday, October 6th. OGE Energy’s dividend payout ratio (DPR) is currently 68.27%.

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.