Ieq Capital LLC Takes $235,000 Position in OGE Energy Corp. (NYSE:OGE)

Ieq Capital LLC bought a new position in shares of OGE Energy Corp. (NYSE:OGE) during the fourth quarter, according to its most recent filing with the SEC. The fund bought 5,685 shares of the utilities provider’s stock, valued at approximately $235,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Mather Group LLC. raised its position in OGE Energy by 20.9% in the fourth quarter. Mather Group LLC. now owns 1,616 shares of the utilities provider’s stock worth $67,000 after acquiring an additional 279 shares during the period. CIBC Asset Management Inc raised its holdings in shares of OGE Energy by 5.1% in the 4th quarter. CIBC Asset Management Inc now owns 6,038 shares of the utilities provider’s stock worth $249,000 after purchasing an additional 295 shares during the period. Centennial Wealth Advisory LLC raised its holdings in shares of OGE Energy by 3.8% in the 3rd quarter. Centennial Wealth Advisory LLC now owns 8,120 shares of the utilities provider’s stock worth $333,000 after purchasing an additional 300 shares during the period. US Bancorp DE lifted its stake in OGE Energy by 1.8% in the third quarter. US Bancorp DE now owns 24,335 shares of the utilities provider’s stock valued at $998,000 after purchasing an additional 419 shares during the last quarter. Finally, Gries Financial LLC grew its holdings in OGE Energy by 1.7% during the fourth quarter. Gries Financial LLC now owns 30,877 shares of the utilities provider’s stock valued at $1,274,000 after purchasing an additional 514 shares during the period. 71.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

OGE Energy Stock Up 2.4 %

OGE Energy stock opened at $46.26 on Friday. The firm has a 50 day simple moving average of $42.43 and a 200 day simple moving average of $41.52. The company has a current ratio of 0.73, a quick ratio of 0.51 and a debt-to-equity ratio of 1.08. OGE Energy Corp. has a 1-year low of $32.37 and a 1-year high of $46.28. The firm has a market capitalization of $9.30 billion, a price-to-earnings ratio of 21.03, a P/E/G ratio of 3.30 and a beta of 0.78.

OGE Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, April 7th will be given a $0.4213 dividend. This represents a $1.69 annualized dividend and a dividend yield of 3.64%. The ex-dividend date of this dividend is Monday, April 7th. OGE Energy’s dividend payout ratio (DPR) is presently 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.