John G Ullman & Associates Inc. Cuts Position in OGE Energy Corp. (NYSE:OGE)

John G Ullman & Associates Inc. trimmed its holdings in shares of OGE Energy Corp. (NYSE:OGE) by 2.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 524,950 shares of the utilities provider’s stock after selling 15,630 shares during the period. OGE Energy makes up 3.2% of John G Ullman & Associates Inc.’s investment portfolio, making the stock its 5th largest holding. John G Ullman & Associates Inc.’s holdings in OGE Energy were worth $21,654,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of OGE. Stonebridge Financial Group LLC bought a new position in shares of OGE Energy during the 4th quarter worth approximately $35,000. Principal Securities Inc. boosted its holdings in shares of 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 buying an additional 659 shares in the last quarter. BankPlus Trust Department bought a new position in shares of OGE Energy during the 4th quarter worth approximately $44,000. Mather Group LLC. boosted its holdings in shares of OGE Energy by 20.9% during the 4th quarter. Mather Group LLC. now owns 1,616 shares of the utilities provider’s stock worth $67,000 after buying an additional 279 shares in the last quarter. Finally, Allworth Financial LP boosted its holdings in shares of OGE Energy by 185.8% during the 4th quarter. Allworth Financial LP now owns 1,815 shares of the utilities provider’s stock worth $77,000 after buying an additional 1,180 shares in the last quarter. 71.84% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on OGE. Evercore ISI raised shares of OGE Energy from an “in-line” rating to an “outperform” rating and lifted their price target for the company from $40.00 to $47.00 in a research report on Tuesday, January 21st. Barclays lifted their price target on shares of OGE Energy from $42.00 to $44.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 25th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $45.67.

OGE Energy Stock Performance

NYSE OGE opened at $46.26 on Friday. The company has a fifty day simple moving average of $42.54 and a 200 day simple moving average of $41.57. OGE Energy Corp. has a 12-month low of $32.37 and a 12-month high of $46.28. The company has a current ratio of 0.73, a quick ratio of 0.51 and a debt-to-equity ratio of 1.08. The company has a market cap of $9.30 billion, a P/E ratio of 21.03, a PEG ratio of 3.30 and a beta of 0.78.

OGE Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, April 7th will be issued a dividend of $0.4213 per share. This represents a $1.69 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date is Monday, April 7th. OGE Energy’s dividend payout ratio is 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.