Inspire Advisors LLC Lowers Holdings in OGE Energy Corp. (NYSE:OGE)

Inspire Advisors LLC decreased its position in OGE Energy Corp. (NYSE:OGE) by 7.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 46,517 shares of the utilities provider’s stock after selling 3,866 shares during the period. Inspire Advisors LLC’s holdings in OGE Energy were worth $1,919,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. FMR LLC boosted its holdings in shares of OGE Energy by 16.3% in the third quarter. FMR LLC now owns 558,967 shares of the utilities provider’s stock valued at $22,929,000 after purchasing an additional 78,164 shares during the period. Navellier & Associates Inc. purchased a new stake in shares of OGE Energy in the third quarter valued at approximately $785,000. PEAK6 Investments LLC purchased a new stake in shares of OGE Energy in the third quarter valued at approximately $783,000. BNP Paribas Financial Markets boosted its holdings in shares of OGE Energy by 316.6% in the third quarter. BNP Paribas Financial Markets now owns 34,752 shares of the utilities provider’s stock valued at $1,426,000 after purchasing an additional 26,411 shares during the period. Finally, Merit Financial Group LLC boosted its holdings in shares of OGE Energy by 14.2% in the fourth quarter. Merit Financial Group LLC now owns 6,505 shares of the utilities provider’s stock valued at $268,000 after purchasing an additional 810 shares during the period. Hedge funds and other institutional investors own 71.84% of the company’s stock.

OGE Energy Stock Performance

Shares of OGE opened at $44.31 on Tuesday. OGE Energy Corp. has a 12 month low of $32.37 and a 12 month high of $46.54. The stock has a fifty day moving average price of $42.88 and a 200-day moving average price of $41.80. The company has a current ratio of 0.73, a quick ratio of 0.51 and a debt-to-equity ratio of 1.08. The firm has a market cap of $8.92 billion, a PE ratio of 20.14, a P/E/G ratio of 3.30 and a beta of 0.70.

OGE Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, April 7th will be issued a dividend of $0.4213 per share. The ex-dividend date of this dividend is Monday, April 7th. This represents a $1.69 annualized dividend and a dividend yield of 3.80%. OGE Energy’s dividend payout ratio is presently 76.36%.

Analysts Set New Price Targets

OGE has been the subject of a number of research reports. Barclays boosted their price target on OGE Energy from $42.00 to $44.00 and gave the company an “equal weight” rating in a report on Tuesday, February 25th. Evercore ISI upgraded 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 report on Tuesday, January 21st. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $45.67.

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.