John G Ullman & Associates Inc. Lowers Stake in OGE Energy Corp. (NYSE:OGE)

John G Ullman & Associates Inc. lessened its holdings in shares of OGE Energy Corp. (NYSE:OGE - Free Report) by 2.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 524,950 shares of the utilities provider's stock after selling 15,630 shares during the period. OGE Energy comprises approximately 3.2% of John G Ullman & Associates Inc.'s holdings, making the stock its 5th largest holding. John G Ullman & Associates Inc. owned about 0.26% of OGE Energy worth $21,654,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Stonebridge Financial Group LLC purchased a new position in OGE Energy during the 4th quarter valued at about $35,000. Principal Securities Inc. increased its holdings in OGE Energy by 204.7% during 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. BankPlus Trust Department bought a new stake in OGE Energy during the 4th quarter valued at approximately $44,000. Mather Group LLC. boosted its position in OGE Energy by 20.9% during the 4th quarter. Mather Group LLC. now owns 1,616 shares of the utilities provider's stock valued at $67,000 after acquiring an additional 279 shares in the last quarter. Finally, Allworth Financial LP boosted its position in 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 acquiring an additional 1,180 shares in the last quarter. Hedge funds and other institutional investors own 71.84% of the company's stock.

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OGE Energy Stock Down 1.1 %

Shares of OGE traded down $0.48 during mid-day trading on Wednesday, reaching $44.65. The company had a trading volume of 1,531,400 shares, compared to its average volume of 1,130,097. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.51 and a current ratio of 0.73. The firm has a 50-day moving average price of $42.71 and a 200 day moving average price of $41.70. OGE Energy Corp. has a 52 week low of $32.37 and a 52 week high of $46.54. The company has a market capitalization of $8.98 billion, a price-to-earnings ratio of 20.29, a price-to-earnings-growth ratio of 3.30 and a beta of 0.70.

OGE Energy Announces Dividend

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. The ex-dividend date of this dividend is Monday, April 7th. This represents a $1.69 dividend on an annualized basis and a dividend yield of 3.77%. OGE Energy's dividend payout ratio is currently 76.36%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. 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 report on Tuesday, January 21st. Barclays lifted their price objective 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 given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target 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.