B. Riley Wealth Advisors Inc. Grows Position in OGE Energy Corp. (NYSE:OGE)

B. Riley Wealth Advisors Inc. grew its stake in shares of OGE Energy Corp. (NYSE:OGE) by 20.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,207 shares of the utilities provider’s stock after buying an additional 1,918 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in OGE Energy were worth $391,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of OGE. DekaBank Deutsche Girozentrale acquired a new stake in shares of OGE Energy during the third quarter worth $134,000. Kestra Advisory Services LLC boosted its holdings in shares of OGE Energy by 20.8% during the third quarter. Kestra Advisory Services LLC now owns 16,061 shares of the utilities provider’s stock worth $535,000 after purchasing an additional 2,765 shares during the last quarter. Envestnet Portfolio Solutions Inc. acquired a new stake in shares of OGE Energy during the third quarter worth $227,000. Envestnet Asset Management Inc. boosted its holdings in OGE Energy by 19.4% in the third quarter. Envestnet Asset Management Inc. now owns 148,912 shares of the utilities provider’s stock valued at $4,963,000 after acquiring an additional 24,202 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in OGE Energy by 13.4% in the third quarter. Invesco Ltd. now owns 1,842,045 shares of the utilities provider’s stock valued at $61,395,000 after acquiring an additional 217,866 shares during the last quarter. Hedge funds and other institutional investors own 71.84% of the company’s stock.

OGE Energy Trading Up 1.5 %

Shares of OGE opened at $35.85 on Tuesday. The stock’s 50-day moving average is $35.39 and its two-hundred day moving average is $34.44. The stock has a market cap of $7.19 billion, a PE ratio of 18.20, a P/E/G ratio of 3.31 and a beta of 0.74. OGE Energy Corp. has a 12 month low of $31.25 and a 12 month high of $37.30. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.51 and a quick ratio of 0.23.

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

OGE Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 26th. Stockholders 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 dividend yield of 4.66%. The ex-dividend date of this dividend is Monday, July 8th. OGE Energy’s payout ratio is 84.77%.

Analyst Ratings Changes

A number of brokerages recently weighed in on OGE. Argus cut OGE Energy from a “buy” rating to a “hold” rating in a report on Thursday, May 23rd. Barclays lifted their target price on OGE Energy from $34.00 to $35.00 and gave the company an “equal weight” rating in a report on Tuesday, June 18th. Finally, StockNews.com upgraded OGE Energy from a “sell” rating to a “hold” rating in a report on Tuesday, April 23rd. Six analysts have rated the stock with a hold rating, According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $33.60.

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.