Mather Group LLC. Has $67,000 Stock Position in OGE Energy Corp. (NYSE:OGE)

Mather Group LLC. increased its stake in OGE Energy Corp. (NYSE:OGE) by 20.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,616 shares of the utilities provider’s stock after acquiring an additional 279 shares during the quarter. Mather Group LLC.’s holdings in OGE Energy were worth $67,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. V Square Quantitative Management LLC acquired a new position in shares of OGE Energy in the third quarter worth approximately $30,000. Fortitude Family Office LLC acquired a new position in shares of OGE Energy in the third quarter worth approximately $63,000. New Wave Wealth Advisors LLC acquired a new position in shares of OGE Energy in the fourth quarter worth approximately $80,000. Wilmington Savings Fund Society FSB acquired a new position in shares of OGE Energy in the third quarter worth approximately $134,000. Finally, Blue Trust Inc. lifted its stake in shares of OGE Energy by 45.1% in the third quarter. Blue Trust Inc. now owns 3,978 shares of the utilities provider’s stock worth $163,000 after acquiring an additional 1,236 shares during the period. 71.84% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at OGE Energy

In related news, VP Cristina F. Mcquistion sold 5,008 shares of the company’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $42.84, for a total transaction of $214,542.72. Following the completion of the sale, the vice president now owns 20,918 shares in the company, valued at approximately $896,127.12. This represents a 19.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.53% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Barclays dropped their price target on OGE Energy from $43.00 to $42.00 and set an “equal weight” rating on the stock in a research note on Friday, January 24th. Evercore ISI raised OGE Energy from an “in-line” rating to an “outperform” rating and boosted their price target for the company from $40.00 to $47.00 in a research note on Tuesday, January 21st. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $45.00.

OGE Energy Price Performance

Shares of OGE opened at $42.70 on Friday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.51 and a current ratio of 0.86. OGE Energy Corp. has a 52-week low of $32.06 and a 52-week high of $44.41. The business’s 50 day moving average price is $41.87 and its two-hundred day moving average price is $40.95. The firm has a market cap of $8.58 billion, a PE ratio of 22.13, a price-to-earnings-growth ratio of 3.15 and a beta of 0.78.

OGE Energy (NYSE:OGE) last issued its earnings results on Tuesday, November 5th. The utilities provider reported $1.09 earnings per share for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.03). OGE Energy had a return on equity of 8.59% and a net margin of 13.89%. The firm had revenue of $965.40 million for the quarter, compared to analyst estimates of $1.02 billion. During the same period in the previous year, the company earned $1.20 earnings per share. OGE Energy’s revenue for the quarter was up 2.1% compared to the same quarter last year. On average, equities analysts anticipate that OGE Energy Corp. will post 2.17 EPS for the current year.

OGE Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Monday, January 6th were given a dividend of $0.4213 per share. This represents a $1.69 dividend on an annualized basis and a dividend yield of 3.95%. The ex-dividend date of this dividend was Monday, January 6th. OGE Energy’s payout ratio is 87.05%.

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.