Lloyd Advisory Services LLC. Buys Shares of 21,295 OGE Energy Corp. (NYSE:OGE)

Lloyd Advisory Services LLC. purchased a new position in shares of OGE Energy Corp. (NYSE:OGE) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 21,295 shares of the utilities provider’s stock, valued at approximately $730,000.

Other hedge funds also recently made changes to their positions in the company. EverSource Wealth Advisors LLC raised its position in OGE Energy by 178.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 762 shares of the utilities provider’s stock worth $27,000 after acquiring an additional 488 shares in the last quarter. Voisard Asset Management Group Inc. bought a new stake in shares of OGE Energy in the fourth quarter valued at about $36,000. Advantage Trust Co acquired a new position in shares of OGE Energy during the 4th quarter worth approximately $49,000. Headlands Technologies LLC grew its position in OGE Energy by 441.9% during the fourth quarter. Headlands Technologies LLC now owns 1,436 shares of the utilities provider’s stock worth $50,000 after buying an additional 1,171 shares in the last quarter. Finally, GAMMA Investing LLC bought a new position in shares of OGE Energy in the fourth quarter worth $66,000. 71.84% of the stock is owned by institutional investors.

OGE Energy Trading Up 1.5 %

Shares of OGE stock opened at $35.85 on Tuesday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.23 and a current ratio of 0.51. The company has a market capitalization of $7.19 billion, a price-to-earnings ratio of 18.20, a PEG ratio of 3.32 and a beta of 0.74. OGE Energy Corp. has a 52-week low of $31.25 and a 52-week high of $37.30. The company has a 50-day simple moving average of $35.39 and a two-hundred day simple moving average of $34.44.

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 the consensus estimate of $0.35 by ($0.26). The business had revenue of $596.80 million for the quarter, compared to analysts’ expectations of $607.37 million. OGE Energy had a net margin of 14.63% and a return on equity of 8.89%. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.19 earnings per share. Research analysts anticipate that OGE Energy Corp. will post 2.13 EPS for the current fiscal year.

OGE Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 26th. Shareholders of record on Monday, July 8th will be issued a dividend of $0.418 per share. This represents a $1.67 annualized dividend and a yield of 4.66%. The ex-dividend date of this dividend is Monday, July 8th. OGE Energy’s dividend payout ratio (DPR) is 84.77%.

Analyst Ratings Changes

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

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.