Xponance Inc. Acquires 1,131 Shares of OGE Energy Corp. (NYSE:OGE)

Xponance Inc. lifted its holdings in OGE Energy Corp. (NYSE:OGE) by 5.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 22,785 shares of the utilities provider’s stock after purchasing an additional 1,131 shares during the quarter. Xponance Inc.’s holdings in OGE Energy were worth $940,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Stonebridge Financial Group LLC acquired a new position in shares of OGE Energy in the fourth quarter valued at approximately $35,000. Principal Securities Inc. lifted its position in OGE Energy by 204.7% in the 4th quarter. Principal Securities Inc. now owns 981 shares of the utilities provider’s stock valued at $40,000 after acquiring an additional 659 shares in the last quarter. BankPlus Trust Department acquired a new position in OGE Energy in the 4th quarter worth $44,000. Mather Group LLC. increased its holdings in OGE Energy by 20.9% during the 4th quarter. Mather Group LLC. now owns 1,616 shares of the utilities provider’s stock worth $67,000 after purchasing an additional 279 shares in the last quarter. Finally, Allworth Financial LP increased its holdings in OGE Energy by 185.8% during the 4th quarter. Allworth Financial LP now owns 1,815 shares of the utilities provider’s stock worth $77,000 after purchasing an additional 1,180 shares in the last quarter. 71.84% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Evercore ISI upgraded 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 report on Tuesday, January 21st. Barclays boosted their target price on OGE Energy from $42.00 to $44.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 25th. Finally, LADENBURG THALM/SH SH raised shares of OGE Energy to a “hold” rating in a research note on Monday, March 17th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $45.67.

OGE Energy Price Performance

NYSE:OGE opened at $44.95 on Monday. OGE Energy Corp. has a 52-week low of $32.37 and a 52-week high of $46.54. The company has a market cap of $9.05 billion, a P/E ratio of 20.43, a P/E/G ratio of 3.30 and a beta of 0.70. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.51 and a current ratio of 0.73. The stock’s 50-day simple moving average is $43.65 and its 200 day simple moving average is $42.16.

OGE Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, April 7th will be given a dividend of $0.4213 per share. This represents a $1.69 annualized dividend and a dividend yield of 3.75%. The ex-dividend date of this dividend is Monday, April 7th. OGE Energy’s dividend payout ratio (DPR) is 76.36%.

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.