New Age Alpha Advisors LLC Invests $5.47 Million in OGE Energy Corp. (NYSE:OGE)

New Age Alpha Advisors LLC bought a new position in OGE Energy Corp. (NYSE:OGE) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 132,700 shares of the utilities provider’s stock, valued at approximately $5,474,000. New Age Alpha Advisors LLC owned 0.07% of OGE Energy as of its most recent filing with the SEC.

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

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Barclays lifted their target price on shares of OGE Energy from $42.00 to $44.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 25th. Evercore ISI raised OGE Energy from an “in-line” rating to an “outperform” rating and upped their price objective for the stock from $40.00 to $47.00 in a research note on Tuesday, January 21st. Finally, LADENBURG THALM/SH SH raised OGE Energy to a “hold” rating in a research note on Monday, March 17th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $45.67.

OGE Energy Stock Up 0.9 %

Shares of OGE stock opened at $45.49 on Friday. The company’s fifty day simple moving average is $44.01 and its two-hundred day simple moving average is $42.31. OGE Energy Corp. has a 52 week low of $32.37 and a 52 week high of $46.54. The stock has a market cap of $9.16 billion, a P/E ratio of 20.68, a PEG ratio of 3.30 and a beta of 0.70. The company has a quick ratio of 0.51, a current ratio of 0.73 and a debt-to-equity ratio of 1.08.

OGE Energy Dividend Announcement

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

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.