OGE Energy Corp. (NYSE:OGE) Shares Sold by Tyche Wealth Partners LLC

Tyche Wealth Partners LLC lessened its holdings in shares of OGE Energy Corp. (NYSE:OGE) by 7.9% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,200 shares of the utilities provider’s stock after selling 532 shares during the quarter. Tyche Wealth Partners LLC’s holdings in OGE Energy were worth $256,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in OGE. V Square Quantitative Management LLC acquired a new stake in shares of OGE Energy during the third quarter worth about $30,000. Fortitude Family Office LLC acquired a new stake in shares of OGE Energy during the third quarter worth about $63,000. Mather Group LLC. lifted its position in shares of OGE Energy by 20.9% during 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. New Wave Wealth Advisors LLC acquired a new stake in shares of OGE Energy during the fourth quarter worth about $80,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of OGE Energy during the third quarter worth about $134,000. Institutional investors and hedge funds own 71.84% of the company’s stock.

Analyst Ratings Changes

OGE has been the topic of a number of recent research reports. Barclays cut their target price 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 analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, OGE Energy presently has an average rating of “Hold” and an average target price of $45.00.

Insider Buying and Selling at OGE Energy

In other OGE Energy news, VP Cristina F. Mcquistion sold 5,008 shares of the stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $42.84, for a total value of $214,542.72. Following the transaction, the vice president now directly owns 20,918 shares in the company, valued at $896,127.12. This represents a 19.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.53% of the stock is currently owned by insiders.

OGE Energy Stock Down 0.2 %

OGE stock opened at $42.52 on Friday. The company’s 50 day moving average price is $41.87 and its 200 day moving average price is $40.95. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.51 and a current ratio of 0.86. OGE Energy Corp. has a fifty-two week low of $32.06 and a fifty-two week high of $44.41. The firm has a market capitalization of $8.55 billion, a price-to-earnings ratio of 22.03, a PEG ratio of 3.15 and a beta of 0.78.

OGE Energy (NYSE:OGE) last announced its quarterly earnings results on Tuesday, November 5th. The utilities provider reported $1.09 EPS for the quarter, missing the consensus estimate of $1.12 by ($0.03). The company had revenue of $965.40 million during the quarter, compared to analysts’ expectations of $1.02 billion. OGE Energy had a net margin of 13.89% and a return on equity of 8.59%. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.20 earnings per share. On average, equities research analysts anticipate that OGE Energy Corp. will post 2.17 EPS for the current fiscal year.

OGE Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, January 6th were paid a $0.4213 dividend. The ex-dividend date of this dividend was Monday, January 6th. This represents a $1.69 annualized dividend and a yield of 3.96%. OGE Energy’s dividend 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.