OGE Energy Corporation $OGE Shares Purchased by AE Wealth Management LLC

AE Wealth Management LLC boosted its position in shares of OGE Energy Corporation (NYSE:OGE) by 4.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 356,485 shares of the utilities provider’s stock after purchasing an additional 16,058 shares during the period. AE Wealth Management LLC owned approximately 0.18% of OGE Energy worth $16,495,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in OGE. Capital A Wealth Management LLC raised its position in shares of OGE Energy by 5,157.1% during the 2nd quarter. Capital A Wealth Management LLC now owns 736 shares of the utilities provider’s stock valued at $33,000 after buying an additional 722 shares during the period. State of Wyoming acquired a new stake in OGE Energy during the second quarter worth $34,000. Golden State Wealth Management LLC increased its stake 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 worth $35,000 after acquiring an additional 632 shares during the last quarter. Quent Capital LLC purchased a new stake in OGE Energy in the third quarter valued at $43,000. Finally, MTM Investment Management LLC acquired a new position in shares of OGE Energy in the 2nd quarter valued at $51,000. Hedge funds and other institutional investors own 71.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on OGE shares. Jefferies Financial Group raised their price objective on OGE Energy from $52.00 to $55.00 and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Mizuho increased their target price on shares of OGE Energy from $45.00 to $47.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 29th. UBS Group reduced their price target on shares of OGE Energy from $45.00 to $44.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 17th. Barclays decreased their price objective on shares of OGE Energy from $51.00 to $49.00 and set an “overweight” rating on the stock in a report on Thursday, January 22nd. Finally, Wells Fargo & Company downgraded shares of OGE Energy from an “equal weight” rating to an “underweight” rating and dropped their target price for the company from $45.00 to $39.00 in a report on Tuesday, January 20th. Four equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $47.13.

OGE Energy Trading Down 0.1%

Shares of OGE stock opened at $43.48 on Friday. OGE Energy Corporation has a fifty-two week low of $40.80 and a fifty-two week high of $47.33. The company has a 50 day moving average price of $43.38 and a 200 day moving average price of $44.47. The stock has a market capitalization of $8.76 billion, a P/E ratio of 17.46, a price-to-earnings-growth ratio of 2.58 and a beta of 0.63. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.52 and a current ratio of 0.80.

OGE Energy (NYSE:OGE) last issued its quarterly earnings results on Tuesday, October 28th. The utilities provider reported $1.14 EPS for the quarter, missing the consensus estimate of $1.16 by ($0.02). The business had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.04 billion. OGE Energy had a net margin of 15.28% and a return on equity of 10.77%. The business’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period in the prior year, the business earned $1.09 EPS. Equities research analysts predict that OGE Energy Corporation will post 2.27 EPS for the current fiscal year.

OGE Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Monday, January 5th will be issued a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date is Monday, January 5th. OGE Energy’s dividend payout ratio (DPR) is presently 68.27%.

About OGE Energy

OGE Energy Corp. (NYSE:OGE) is an energy and infrastructure holding company headquartered in Oklahoma City, Oklahoma. Through its principal subsidiary, Oklahoma Gas & Electric Company, the company provides regulated electric service to residential, commercial and industrial customers across Oklahoma and western Arkansas. Its diversified generation mix includes coal, natural gas and wind-powered facilities, complemented by ongoing investments in grid modernization and smart technology to enhance reliability and customer satisfaction.

In addition to its core electric utility operations, OGE Energy Corp.