Miller Howard Investments Inc. NY Sells 156,331 Shares of OGE Energy Corp. (NYSE:OGE)

Miller Howard Investments Inc. NY lowered its holdings in shares of OGE Energy Corp. (NYSE:OGE) by 18.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 712,213 shares of the utilities provider’s stock after selling 156,331 shares during the period. Miller Howard Investments Inc. NY owned approximately 0.35% of OGE Energy worth $29,379,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of OGE. Advisory Resource Group purchased a new position in shares of OGE Energy during the fourth quarter valued at approximately $271,000. Strategic Financial Concepts LLC purchased a new position in OGE Energy during the fourth quarter valued at $8,195,000. Bleakley Financial Group LLC bought a new stake in OGE Energy in the fourth quarter worth $382,000. Centennial Wealth Advisory LLC grew its stake in shares of OGE Energy by 8.7% in the fourth quarter. Centennial Wealth Advisory LLC now owns 8,827 shares of the utilities provider’s stock worth $364,000 after acquiring an additional 707 shares during the last quarter. Finally, Meritage Portfolio Management grew its stake in shares of OGE Energy by 12.5% in the fourth quarter. Meritage Portfolio Management now owns 11,832 shares of the utilities provider’s stock worth $488,000 after acquiring an additional 1,312 shares during the last quarter. Institutional investors own 71.84% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on OGE shares. Barclays dropped their price target on shares of OGE Energy from $43.00 to $42.00 and set an “equal weight” rating on the stock in a research note on Friday, January 24th. Evercore ISI upgraded shares of OGE Energy from an “in-line” rating to an “outperform” rating and upped their target price for the stock from $40.00 to $47.00 in a research note on Tuesday, January 21st. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $45.00.

OGE Energy Trading Up 0.5 %

OGE Energy stock opened at $42.70 on Friday. OGE Energy Corp. has a one year low of $32.06 and a one year high of $44.41. The business’s fifty day moving average is $41.84 and its 200 day moving average is $40.99. The stock has a market capitalization of $8.58 billion, a PE ratio of 22.13, a price-to-earnings-growth ratio of 3.18 and a beta of 0.78. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.86 and a quick ratio of 0.51.

OGE Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Monday, January 6th were issued a dividend of $0.4213 per share. This represents a $1.69 dividend on an annualized basis and a dividend yield of 3.95%. The ex-dividend date of this dividend was Monday, January 6th. OGE Energy’s payout ratio is presently 87.05%.

Insider Transactions at OGE Energy

In related news, VP Cristina F. Mcquistion sold 5,008 shares of OGE Energy stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $42.84, for a total value of $214,542.72. Following the completion of the sale, the vice president now owns 20,918 shares of the company’s stock, valued at $896,127.12. The trade was a 19.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.53% of the company’s stock.

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.