EntryPoint Capital LLC Makes New $262,000 Investment in OGE Energy Corp. (NYSE:OGE)

EntryPoint Capital LLC acquired a new stake in OGE Energy Corp. (NYSE:OGE) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 6,354 shares of the utilities provider’s stock, valued at approximately $262,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in OGE. Stonebridge Financial Group LLC acquired a new position in OGE Energy in the fourth quarter worth about $35,000. Principal Securities Inc. grew its stake in shares of OGE Energy by 204.7% in the 4th quarter. Principal Securities Inc. now owns 981 shares of the utilities provider’s stock valued at $40,000 after purchasing an additional 659 shares during the period. BankPlus Trust Department acquired a new position in shares of OGE Energy in the 4th quarter worth approximately $44,000. Lee Danner & Bass Inc. acquired a new stake in OGE Energy in the 4th quarter valued at $45,000. Finally, Mather Group LLC. boosted its stake in OGE Energy by 20.9% in the 4th quarter. Mather Group LLC. now owns 1,616 shares of the utilities provider’s stock valued at $67,000 after buying an additional 279 shares in the last quarter. 71.84% of the stock is owned by institutional investors.

OGE Energy Stock Performance

Shares of NYSE:OGE opened at $45.49 on Friday. The business has a fifty day moving average of $44.01 and a 200-day moving average of $42.31. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.51 and a current ratio of 0.73. OGE Energy Corp. has a twelve month low of $32.37 and a twelve month high of $46.54. The firm has a market cap of $9.16 billion, a PE ratio of 20.68, a price-to-earnings-growth ratio of 3.30 and a beta of 0.70.

OGE Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, April 7th will be given a dividend of $0.4213 per share. The ex-dividend date of this dividend is Monday, April 7th. This represents a $1.69 dividend on an annualized basis and a dividend yield of 3.70%. OGE Energy’s payout ratio is 76.36%.

Analyst Ratings Changes

OGE has been the subject of a number of analyst reports. LADENBURG THALM/SH SH raised OGE Energy to a “hold” rating in a report on Monday, March 17th. Barclays increased their target price on shares of OGE Energy from $42.00 to $44.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 25th. Finally, Evercore ISI upgraded shares of OGE Energy from an “in-line” rating to an “outperform” rating and boosted their price target for the company from $40.00 to $47.00 in a research report on Tuesday, January 21st. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, OGE Energy has an average rating of “Hold” and an average target price of $45.67.

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.