Advantage Trust Co Sells 350 Shares of OGE Energy Corp. (NYSE:OGE)

Advantage Trust Co reduced its position in shares of OGE Energy Corp. (NYSE:OGE) by 25.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,050 shares of the utilities provider’s stock after selling 350 shares during the period. Advantage Trust Co’s holdings in OGE Energy were worth $43,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Stonebridge Financial Group LLC acquired a new stake in shares of OGE Energy during the fourth quarter worth $35,000. Principal Securities Inc. raised its stake in OGE Energy by 204.7% in the 4th quarter. Principal Securities Inc. now owns 981 shares of the utilities provider’s stock worth $40,000 after purchasing an additional 659 shares in the last quarter. Fortitude Family Office LLC bought a new stake in OGE Energy in the 3rd quarter valued at about $63,000. Mather Group LLC. increased its holdings 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 during the period. Finally, Allworth Financial LP boosted its stake in shares of OGE Energy by 185.8% in the fourth quarter. Allworth Financial LP now owns 1,815 shares of the utilities provider’s stock valued at $77,000 after buying an additional 1,180 shares during the period. 71.84% of the stock is currently owned by institutional investors.

OGE Energy Stock Up 2.0 %

Shares of OGE opened at $45.19 on Friday. The firm has a 50 day simple moving average of $42.12 and a two-hundred day simple moving average of $41.36. The company has a market cap of $9.09 billion, a P/E ratio of 20.54, a P/E/G ratio of 3.30 and a beta of 0.78. OGE Energy Corp. has a one year low of $32.37 and a one year high of $45.32. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.73 and a quick ratio of 0.51.

OGE Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, April 7th will be given a dividend of $0.4213 per share. The ex-dividend date is Monday, April 7th. This represents a $1.69 annualized dividend and a dividend yield of 3.73%. OGE Energy’s dividend payout ratio is currently 76.36%.

Analysts Set New Price Targets

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

OGE Energy 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.