Capital Advisors Inc. OK Purchases 4,447 Shares of OGE Energy Corp. (NYSE:OGE)

Capital Advisors Inc. OK lifted its position in shares of OGE Energy Corp. (NYSE:OGE) by 69.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,861 shares of the utilities provider’s stock after acquiring an additional 4,447 shares during the quarter. Capital Advisors Inc. OK’s holdings in OGE Energy were worth $448,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. V Square Quantitative Management LLC acquired a new stake in shares of OGE Energy during the third quarter valued at about $30,000. Stonebridge Financial Group LLC bought a new position in OGE Energy in the 4th quarter valued at approximately $35,000. Fortitude Family Office LLC acquired a new stake in OGE Energy during the 3rd quarter worth approximately $63,000. Mather Group LLC. grew its holdings in OGE Energy by 20.9% during the 4th quarter. Mather Group LLC. now owns 1,616 shares of the utilities provider’s stock worth $67,000 after acquiring an additional 279 shares during the last quarter. Finally, New Wave Wealth Advisors LLC acquired a new position in OGE Energy in the 4th quarter valued at approximately $80,000. Institutional investors own 71.84% of the company’s stock.

Analyst Upgrades and Downgrades

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

OGE Energy Trading Down 0.0 %

OGE opened at $43.38 on Thursday. OGE Energy Corp. has a twelve month low of $32.06 and a twelve month high of $44.41. The company has a fifty day moving average of $41.86 and a 200-day moving average of $41.12. The stock has a market cap of $8.72 billion, a PE ratio of 22.48, a price-to-earnings-growth ratio of 3.18 and a beta of 0.78. The company has a quick ratio of 0.51, a current ratio of 0.86 and a debt-to-equity ratio of 1.09.

OGE Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, January 6th were issued a dividend of $0.4213 per share. The ex-dividend date of this dividend was Monday, January 6th. This represents a $1.69 dividend on an annualized basis and a yield of 3.88%. OGE Energy’s payout ratio is currently 87.05%.

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.