OGE Energy Corp. (NYSE:OGE) Stock Holdings Lowered by International Assets Investment Management LLC

International Assets Investment Management LLC lowered its position in shares of OGE Energy Corp. (NYSE:OGE) by 8.9% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 18,999 shares of the utilities provider’s stock after selling 1,847 shares during the period. International Assets Investment Management LLC’s holdings in OGE Energy were worth $653,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of OGE. EverSource Wealth Advisors LLC lifted its holdings in OGE Energy by 178.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 762 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 488 shares during the last quarter. Voisard Asset Management Group Inc. acquired a new stake in OGE Energy in the 4th quarter valued at about $36,000. Advantage Trust Co acquired a new stake in OGE Energy in the 4th quarter valued at about $49,000. Headlands Technologies LLC lifted its holdings in OGE Energy by 441.9% in the 4th quarter. Headlands Technologies LLC now owns 1,436 shares of the utilities provider’s stock valued at $50,000 after acquiring an additional 1,171 shares during the last quarter. Finally, GAMMA Investing LLC acquired a new stake in OGE Energy in the 4th quarter valued at about $66,000. Institutional investors own 71.84% of the company’s stock.

Analyst Ratings Changes

OGE has been the subject of a number of research analyst reports. Barclays upped their price target on shares of OGE Energy from $34.00 to $35.00 and gave the company an “equal weight” rating in a report on Tuesday, June 18th. Argus lowered shares of OGE Energy from a “buy” rating to a “hold” rating in a research note on Thursday, May 23rd. Finally, StockNews.com raised shares of OGE Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, April 23rd. Six analysts have rated the stock with a hold rating, According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $33.60.

OGE Energy Trading Up 0.1 %

NYSE:OGE opened at $35.33 on Monday. The stock’s 50 day moving average price is $35.33 and its 200 day moving average price is $34.43. OGE Energy Corp. has a 52 week low of $31.25 and a 52 week high of $37.30. The company has a market capitalization of $7.09 billion, a P/E ratio of 17.93, a P/E/G ratio of 3.31 and a beta of 0.74. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.23 and a current ratio of 0.51.

OGE Energy (NYSE:OGE) last released its quarterly earnings results on Wednesday, May 1st. The utilities provider reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.26). OGE Energy had a net margin of 14.63% and a return on equity of 8.89%. The firm had revenue of $596.80 million during the quarter, compared to the consensus estimate of $607.37 million. During the same period in the prior year, the business earned $0.19 EPS. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. On average, research analysts forecast that OGE Energy Corp. will post 2.13 EPS for the current fiscal year.

OGE Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 26th. Investors of record on Monday, July 8th will be given a dividend of $0.418 per share. This represents a $1.67 dividend on an annualized basis and a yield of 4.73%. The ex-dividend date of this dividend is Monday, July 8th. OGE Energy’s dividend payout ratio (DPR) is currently 84.77%.

About OGE Energy

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.