43,643 Shares in OGE Energy Corp. (NYSE:OGE) Acquired by Proficio Capital Partners LLC

Proficio Capital Partners LLC purchased a new position in shares of OGE Energy Corp. (NYSE:OGE - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 43,643 shares of the utilities provider's stock, valued at approximately $1,800,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Stonebridge Financial Group LLC bought a new stake in shares of OGE Energy during the 4th quarter worth $35,000. Principal Securities Inc. grew its stake in OGE Energy by 204.7% during the fourth quarter. Principal Securities Inc. now owns 981 shares of the utilities provider's stock valued at $40,000 after acquiring an additional 659 shares in the last quarter. BankPlus Trust Department purchased a new stake in OGE Energy in the 4th quarter worth approximately $44,000. Mather Group LLC. boosted its holdings in OGE Energy by 20.9% in the 4th quarter. Mather Group LLC. now owns 1,616 shares of the utilities provider's stock valued at $67,000 after purchasing an additional 279 shares during the period. Finally, Allworth Financial LP grew its position 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 valued at $77,000 after purchasing an additional 1,180 shares in the last quarter. 71.84% of the stock is owned by hedge funds and other institutional investors.

OGE Energy Price Performance

OGE stock traded up $0.40 during mid-day trading on Monday, hitting $44.31. 1,732,618 shares of the stock were exchanged, compared to its average volume of 1,130,881. The business has a fifty day moving average price of $42.88 and a 200 day moving average price of $41.80. OGE Energy Corp. has a 12 month low of $32.37 and a 12 month high of $46.54. 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 $8.92 billion, a price-to-earnings ratio of 20.14, a PEG ratio of 3.30 and a beta of 0.70.

Remove Ads

OGE Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, April 7th will be given a dividend of $0.4213 per share. This represents a $1.69 dividend on an annualized basis and a yield of 3.80%. The ex-dividend date is Monday, April 7th. OGE Energy's payout ratio is currently 76.36%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on OGE shares. Evercore ISI raised OGE Energy from an "in-line" rating to an "outperform" rating and lifted their price objective for the company from $40.00 to $47.00 in a research note on Tuesday, January 21st. Barclays lifted their price target on 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 research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $45.67.

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.