Strategic Financial Concepts LLC Invests $8.20 Million in OGE Energy Corp. (NYSE:OGE)

Strategic Financial Concepts LLC purchased a new stake in shares of OGE Energy Corp. (NYSE:OGE - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 198,660 shares of the utilities provider's stock, valued at approximately $8,195,000. Strategic Financial Concepts LLC owned approximately 0.10% of OGE Energy at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in OGE. Mather Group LLC. boosted its holdings in shares of OGE Energy by 20.9% in the 4th 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 last quarter. Centennial Wealth Advisory LLC increased its position in shares of OGE Energy by 3.8% during the third quarter. Centennial Wealth Advisory LLC now owns 8,120 shares of the utilities provider's stock valued at $333,000 after buying an additional 300 shares during the period. US Bancorp DE increased its holdings in OGE Energy by 1.8% during the 3rd quarter. US Bancorp DE now owns 24,335 shares of the utilities provider's stock worth $998,000 after acquiring an additional 419 shares during the period. Gries Financial LLC increased its holdings in shares of OGE Energy by 1.7% in the fourth quarter. Gries Financial LLC now owns 30,877 shares of the utilities provider's stock worth $1,274,000 after purchasing an additional 514 shares during the period. Finally, UMB Bank n.a. raised its holdings in shares of OGE Energy by 6.7% in the 4th quarter. UMB Bank n.a. now owns 8,209 shares of the utilities provider's stock valued at $339,000 after acquiring an additional 515 shares in the last quarter. Institutional investors and hedge funds own 71.84% of the company's stock.

OGE Energy Stock Up 0.5 %

Shares of OGE stock traded up $0.22 during mid-day trading on Wednesday, hitting $44.08. The company's stock had a trading volume of 2,224,123 shares, compared to its average volume of 883,394. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.51 and a current ratio of 0.86. OGE Energy Corp. has a 52-week low of $32.37 and a 52-week high of $44.72. The stock has a market cap of $8.86 billion, a price-to-earnings ratio of 22.84, a PEG ratio of 3.25 and a beta of 0.78. The business has a 50-day moving average price of $42.01 and a 200 day moving average price of $41.29.

OGE Energy (NYSE:OGE - Get Free Report) last issued its earnings results on Wednesday, February 19th. The utilities provider reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.03. OGE Energy had a net margin of 13.89% and a return on equity of 8.59%. The company had revenue of $760.50 million for the quarter, compared to analysts' expectations of $750.80 million. During the same quarter last year, the company posted $0.24 earnings per share. The firm's quarterly revenue was up 34.2% on a year-over-year basis. Research analysts predict that OGE Energy Corp. will post 2.17 EPS for the current fiscal year.

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 $0.4213 dividend. This represents a $1.69 annualized dividend and a yield of 3.82%. OGE Energy's payout ratio is presently 87.05%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Evercore ISI upgraded OGE Energy from an "in-line" rating to an "outperform" rating and increased their price objective for the company from $40.00 to $47.00 in a research report on Tuesday, January 21st. Barclays lowered 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 investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus 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.