Proficio Capital Partners LLC Takes Position in OGE Energy Corp. (NYSE:OGE)

Proficio Capital Partners LLC bought a new position in shares of OGE Energy Corp. (NYSE:OGE - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 43,643 shares of the utilities provider's stock, valued at approximately $1,800,000.

Other large investors have also bought and sold shares of the company. Stonebridge Financial Group LLC bought a new stake in OGE Energy during the 4th quarter worth approximately $35,000. Principal Securities Inc. increased its stake in OGE Energy by 204.7% during the 4th quarter. Principal Securities Inc. now owns 981 shares of the utilities provider's stock worth $40,000 after purchasing an additional 659 shares in the last quarter. BankPlus Trust Department bought a new stake in OGE Energy during the 4th quarter worth approximately $44,000. Mather Group LLC. increased its stake in OGE Energy by 20.9% during the 4th quarter. Mather Group LLC. now owns 1,616 shares of the utilities provider's stock worth $67,000 after purchasing an additional 279 shares in the last quarter. Finally, Allworth Financial LP increased its stake in OGE Energy by 185.8% during the 4th quarter. Allworth Financial LP now owns 1,815 shares of the utilities provider's stock worth $77,000 after purchasing an additional 1,180 shares in the last quarter. 71.84% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Barclays upped their price target 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. LADENBURG THALM/SH SH raised OGE Energy to a "hold" rating in a research report on Monday, March 17th. Finally, 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. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $45.67.

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OGE Energy Stock Down 0.7 %

Shares of NYSE OGE traded down $0.31 during trading hours on Friday, hitting $44.95. The company had a trading volume of 3,377,872 shares, compared to its average volume of 1,128,967. The stock has a market capitalization of $9.05 billion, a P/E ratio of 20.43, a price-to-earnings-growth ratio of 3.30 and a beta of 0.70. The company has a quick ratio of 0.51, a current ratio of 0.73 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 $46.54. The firm's 50 day moving average is $43.65 and its 200-day moving average is $42.15.

OGE Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, April 7th will be issued a $0.4213 dividend. This represents a $1.69 annualized dividend and a dividend yield of 3.75%. The ex-dividend date of this dividend is Monday, April 7th. OGE Energy's payout ratio is presently 76.36%.

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.