Ashton Thomas Private Wealth LLC Has $601,000 Stock Holdings in OGE Energy Corp. (NYSE:OGE)

Ashton Thomas Private Wealth LLC lowered its holdings in OGE Energy Corp. (NYSE:OGE) by 4.5% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 14,655 shares of the utilities provider’s stock after selling 696 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in OGE Energy were worth $601,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in OGE. International Assets Investment Management LLC boosted its position in shares of OGE Energy by 3,834.0% in the third quarter. International Assets Investment Management LLC now owns 748,608 shares of the utilities provider’s stock valued at $30,708,000 after acquiring an additional 729,579 shares during the period. Dimensional Fund Advisors LP boosted its holdings in OGE Energy by 31.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,197,585 shares of the utilities provider’s stock valued at $78,453,000 after purchasing an additional 531,730 shares during the period. Victory Capital Management Inc. grew its position in OGE Energy by 198.1% in the 2nd quarter. Victory Capital Management Inc. now owns 293,217 shares of the utilities provider’s stock worth $10,468,000 after purchasing an additional 194,839 shares during the last quarter. ClearBridge Investments Ltd grew its position in OGE Energy by 2.7% in the 2nd quarter. ClearBridge Investments Ltd now owns 5,829,222 shares of the utilities provider’s stock worth $208,103,000 after purchasing an additional 150,797 shares during the last quarter. Finally, Boston Partners raised its position in shares of OGE Energy by 3.8% during the first quarter. Boston Partners now owns 3,815,848 shares of the utilities provider’s stock valued at $130,878,000 after buying an additional 139,872 shares during the last quarter. 71.84% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on OGE. Jefferies Financial Group assumed coverage on OGE Energy in a research report on Thursday, September 19th. They set a “buy” rating and a $46.00 target price on the stock. Evercore ISI boosted their price objective on OGE Energy from $36.00 to $40.00 and gave the company an “in-line” rating in a research report on Thursday, August 8th. Finally, Barclays raised their target price on OGE Energy from $39.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Monday, October 21st. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, OGE Energy presently has an average rating of “Hold” and a consensus price target of $39.40.

OGE Energy Trading Down 2.7 %

Shares of OGE stock opened at $41.80 on Friday. The company has a market capitalization of $8.40 billion, a P/E ratio of 21.66, a P/E/G ratio of 3.89 and a beta of 0.74. OGE Energy Corp. has a 12-month low of $32.06 and a 12-month high of $44.09. The company has a quick ratio of 0.51, a current ratio of 0.86 and a debt-to-equity ratio of 1.09. The firm has a 50-day moving average price of $40.78 and a 200 day moving average price of $38.31.

OGE Energy (NYSE:OGE) last posted its earnings results on Tuesday, November 5th. The utilities provider reported $1.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.03). The firm had revenue of $965.40 million during the quarter, compared to the consensus estimate 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 was up 2.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.20 EPS. Research analysts forecast that OGE Energy Corp. will post 2.15 earnings per share for the current fiscal year.

OGE Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Monday, October 7th were paid a $0.4213 dividend. The ex-dividend date of this dividend was Monday, October 7th. This is a positive change from OGE Energy’s previous quarterly dividend of $0.42. This represents a $1.69 dividend on an annualized basis and a dividend yield of 4.03%. OGE Energy’s dividend payout ratio (DPR) is 87.05%.

Insider Activity at OGE Energy

In other 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 transaction of $214,542.72. Following the sale, the vice president now directly owns 20,918 shares of the company’s stock, valued at $896,127.12. This represents a 19.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.53% of the stock is currently owned by company insiders.

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.