GWN Securities Inc. Purchases Shares of 10,103 OGE Energy Corp. (NYSE:OGE)

GWN Securities Inc. purchased a new stake in shares of OGE Energy Corp. (NYSE:OGE) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 10,103 shares of the utilities provider’s stock, valued at approximately $436,000.

Several other hedge funds have also added to or reduced their stakes in the business. Envestnet Portfolio Solutions Inc. acquired a new stake in OGE Energy during the 4th quarter valued at $204,000. Midwest Professional Planners LTD. lifted its holdings in OGE Energy by 4.1% during the 4th quarter. Midwest Professional Planners LTD. now owns 23,485 shares of the utilities provider’s stock valued at $969,000 after purchasing an additional 935 shares during the last quarter. Vestcor Inc acquired a new stake in OGE Energy during the 4th quarter valued at $329,000. Swiss National Bank lifted its holdings in OGE Energy by 0.9% during the 4th quarter. Swiss National Bank now owns 395,000 shares of the utilities provider’s stock valued at $16,294,000 after purchasing an additional 3,600 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings in OGE Energy by 219.4% during the 4th quarter. Farther Finance Advisors LLC now owns 3,121 shares of the utilities provider’s stock valued at $129,000 after purchasing an additional 2,144 shares during the last quarter. Institutional investors and hedge funds own 71.84% of the company’s stock.

OGE Energy Stock Up 1.7 %

OGE stock opened at $45.13 on Monday. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.73 and a quick ratio of 0.51. The stock has a market capitalization of $9.09 billion, a price-to-earnings ratio of 20.51, a PEG ratio of 3.30 and a beta of 0.70. The business’s fifty day moving average price is $43.19 and its two-hundred day moving average price is $41.98. OGE Energy Corp. has a fifty-two week low of $32.37 and a fifty-two week high of $46.54.

OGE Energy Announces Dividend

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

Wall Street Analyst Weigh In

Several brokerages have issued reports on OGE. Evercore ISI raised OGE Energy from an “in-line” rating to an “outperform” rating and raised their price target for the company from $40.00 to $47.00 in a report on Tuesday, January 21st. Barclays increased their price objective on OGE Energy from $42.00 to $44.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 25th. 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, the stock has an average rating of “Hold” and a consensus target price of $45.67.

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.