Advisory Resource Group Invests $271,000 in OGE Energy Corp. (NYSE:OGE)

Advisory Resource Group acquired a new stake in OGE Energy Corp. (NYSE:OGE) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 6,572 shares of the utilities provider’s stock, valued at approximately $271,000.

Other large investors have also bought and sold shares of the company. State Street Corp grew its holdings in shares of OGE Energy by 2.8% during the 3rd quarter. State Street Corp now owns 6,836,303 shares of the utilities provider’s stock valued at $280,425,000 after purchasing an additional 185,069 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of OGE Energy by 1.2% during the third quarter. Geode Capital Management LLC now owns 3,349,471 shares of the utilities provider’s stock worth $137,433,000 after buying an additional 40,733 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of OGE Energy by 0.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,339,833 shares of the utilities provider’s stock valued at $54,960,000 after acquiring an additional 4,761 shares during the last quarter. Verition Fund Management LLC grew its position in OGE Energy by 25.2% during the 3rd quarter. Verition Fund Management LLC now owns 1,318,556 shares of the utilities provider’s stock worth $54,087,000 after acquiring an additional 265,115 shares during the last quarter. Finally, International Assets Investment Management LLC increased its holdings in OGE Energy by 3,834.0% in the 3rd quarter. International Assets Investment Management LLC now owns 748,608 shares of the utilities provider’s stock worth $30,708,000 after purchasing an additional 729,579 shares in the last quarter. 71.84% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently commented on OGE. Barclays cut their price target on 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 raised shares of OGE Energy from an “in-line” rating to an “outperform” rating and boosted their target price for the stock from $40.00 to $47.00 in a report on Tuesday, January 21st. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $45.00.

Insiders Place Their Bets

In related news, VP Cristina F. Mcquistion sold 5,008 shares of the stock in a transaction 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 transaction, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.53% of the company’s stock.

OGE Energy Trading Up 0.5 %

NYSE:OGE opened at $42.70 on Friday. OGE Energy Corp. has a 52 week low of $32.06 and a 52 week high of $44.41. The firm’s fifty day moving average is $41.84 and its 200-day moving average is $40.99. The firm has a market cap of $8.58 billion, a P/E ratio of 22.13, a P/E/G ratio of 3.18 and a beta of 0.78. 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 Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, January 6th were issued a dividend of $0.4213 per share. The ex-dividend date of this dividend was Monday, January 6th. This represents a $1.69 dividend on an annualized basis and a yield of 3.95%. OGE Energy’s 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.