Allworth Financial LP Acquires 1,180 Shares of OGE Energy Corp. (NYSE:OGE)

Allworth Financial LP increased its holdings in shares of OGE Energy Corp. (NYSE:OGE) by 185.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,815 shares of the utilities provider’s stock after purchasing an additional 1,180 shares during the period. Allworth Financial LP’s holdings in OGE Energy were worth $77,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Stonebridge Financial Group LLC bought a new position in OGE Energy in the fourth quarter valued at approximately $35,000. Principal Securities Inc. raised its stake in shares of OGE Energy by 204.7% in the 4th quarter. Principal Securities Inc. now owns 981 shares of the utilities provider’s stock valued at $40,000 after purchasing an additional 659 shares during the period. Fortitude Family Office LLC bought a new stake in shares of OGE Energy in the third quarter valued at about $63,000. Mather Group LLC. boosted its position 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 buying an additional 279 shares during the period. Finally, New Wave Wealth Advisors LLC bought a new position in shares of OGE Energy during the fourth quarter worth about $80,000. Institutional investors own 71.84% of the company’s stock.

OGE Energy Price Performance

NYSE:OGE opened at $45.15 on Tuesday. 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 firm has a fifty day simple moving average of $42.18 and a 200 day simple moving average of $41.43. OGE Energy Corp. has a 1-year low of $32.37 and a 1-year high of $45.60. The stock has a market capitalization of $9.08 billion, a PE ratio of 20.52, a P/E/G 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. Stockholders of record on Monday, April 7th will be paid 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 presently 76.36%.

Wall Street Analyst Weigh In

OGE has been the subject of a number of recent research reports. Evercore ISI raised OGE Energy from an “in-line” rating to an “outperform” rating and upped their price target for the stock from $40.00 to $47.00 in a research report on Tuesday, January 21st. Barclays reduced their price objective on shares of OGE Energy from $43.00 to $42.00 and set an “equal weight” rating for the company in a research note on Friday, January 24th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $45.00.

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.