Tectonic Advisors LLC Has $664,000 Stake in OGE Energy Corp. (NYSE:OGE)

Tectonic Advisors LLC grew its holdings in OGE Energy Corp. (NYSE:OGE) by 5.6% during the 4th quarter, HoldingsChannel reports. The firm owned 16,109 shares of the utilities provider’s stock after acquiring an additional 859 shares during the quarter. Tectonic Advisors LLC’s holdings in OGE Energy were worth $664,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Mather Group LLC. boosted its stake in OGE Energy by 20.9% during the 4th quarter. Mather Group LLC. now owns 1,616 shares of the utilities provider’s stock valued at $67,000 after purchasing an additional 279 shares during the period. Centennial Wealth Advisory LLC lifted its holdings in shares of OGE Energy by 3.8% during the third quarter. Centennial Wealth Advisory LLC now owns 8,120 shares of the utilities provider’s stock worth $333,000 after buying an additional 300 shares during the last quarter. UMB Bank n.a. boosted its position in shares of OGE Energy by 5.3% in the third quarter. UMB Bank n.a. now owns 7,694 shares of the utilities provider’s stock valued at $316,000 after acquiring an additional 390 shares during the period. US Bancorp DE grew its stake in shares of OGE Energy by 1.8% in the third quarter. US Bancorp DE now owns 24,335 shares of the utilities provider’s stock worth $998,000 after acquiring an additional 419 shares during the last quarter. Finally, Gries Financial LLC increased its position in OGE Energy by 1.7% during the fourth quarter. Gries Financial LLC now owns 30,877 shares of the utilities provider’s stock worth $1,274,000 after acquiring an additional 514 shares during the period. 71.84% of the stock is currently owned by institutional investors.

OGE Energy Stock Performance

Shares of NYSE OGE opened at $42.62 on Thursday. The firm has a market capitalization of $8.56 billion, a price-to-earnings ratio of 22.08, a PEG ratio of 3.15 and a beta of 0.78. OGE Energy Corp. has a one year low of $32.06 and a one year high of $44.41. The business has a fifty day simple moving average of $41.90 and a 200 day simple moving average of $40.94. The company has a current ratio of 0.86, a quick ratio of 0.51 and a debt-to-equity ratio of 1.09.

OGE Energy (NYSE:OGE) last announced its quarterly earnings data on Tuesday, November 5th. The utilities provider reported $1.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.03). OGE Energy had a net margin of 13.89% and a return on equity of 8.59%. The business had revenue of $965.40 million during the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the prior year, the company posted $1.20 EPS. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. Sell-side analysts expect that OGE Energy Corp. will post 2.17 EPS for the current year.

OGE Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Monday, January 6th were given a $0.4213 dividend. This represents a $1.69 annualized dividend and a yield of 3.95%. The ex-dividend date of this dividend was Monday, January 6th. OGE Energy’s dividend payout ratio (DPR) is presently 87.05%.

Insiders Place Their Bets

In other OGE Energy news, VP Cristina F. Mcquistion sold 5,008 shares of the 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 transaction, the vice president now directly owns 20,918 shares in the company, valued at $896,127.12. This represents a 19.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Evercore ISI raised shares of OGE Energy from an “in-line” rating to an “outperform” rating and increased their price target for the company from $40.00 to $47.00 in a report on Tuesday, January 21st. Barclays reduced their target price on shares of OGE Energy from $43.00 to $42.00 and set an “equal weight” rating for the company in a research note on Friday, January 24th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $45.00.

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.