OGE Energy Corporation $OGE Stake Increased by Ashton Thomas Private Wealth LLC

Ashton Thomas Private Wealth LLC lifted its holdings in OGE Energy Corporation (NYSE:OGE) by 302.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 58,392 shares of the utilities provider’s stock after buying an additional 43,895 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in OGE Energy were worth $2,702,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of OGE. Norges Bank acquired a new position in shares of OGE Energy in the 2nd quarter valued at about $101,421,000. Boston Partners grew its position in OGE Energy by 15.7% during the second quarter. Boston Partners now owns 6,248,222 shares of the utilities provider’s stock valued at $277,388,000 after purchasing an additional 846,365 shares in the last quarter. First Trust Advisors LP increased its stake in OGE Energy by 51.2% in the 2nd quarter. First Trust Advisors LP now owns 2,359,899 shares of the utilities provider’s stock valued at $104,732,000 after buying an additional 799,264 shares during the period. Goldman Sachs Group Inc. lifted its position in OGE Energy by 54.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,043,657 shares of the utilities provider’s stock worth $47,966,000 after buying an additional 367,960 shares in the last quarter. Finally, Allianz Asset Management GmbH boosted its stake in shares of OGE Energy by 39.7% during the 2nd quarter. Allianz Asset Management GmbH now owns 1,284,334 shares of the utilities provider’s stock valued at $56,999,000 after buying an additional 365,229 shares during the period. 71.84% of the stock is owned by institutional investors and hedge funds.

OGE Energy Stock Up 0.7%

Shares of OGE Energy stock opened at $43.97 on Friday. OGE Energy Corporation has a 12-month low of $40.80 and a 12-month high of $47.33. The company has a quick ratio of 0.52, a current ratio of 0.80 and a debt-to-equity ratio of 1.12. The stock has a 50 day moving average price of $43.24 and a two-hundred day moving average price of $44.45. The stock has a market capitalization of $8.86 billion, a P/E ratio of 17.66, a PEG ratio of 2.58 and a beta of 0.62.

OGE Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Monday, January 5th were given a $0.425 dividend. This represents a $1.70 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend was Monday, January 5th. OGE Energy’s dividend payout ratio (DPR) is currently 68.27%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Mizuho upped their price target 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 dropped their target price on OGE Energy from $45.00 to $44.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 17th. Barclays cut their price target on OGE Energy from $51.00 to $49.00 and set an “overweight” rating for the company in a research note on Thursday, January 22nd. Royal Bank Of Canada reissued a “sector perform” rating on shares of OGE Energy in a research note on Friday, January 23rd. Finally, Wall Street Zen raised shares of OGE Energy from a “sell” rating to a “hold” rating in a research report on Saturday, January 24th. Four investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $47.13.

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.