Capital Advisors Inc. OK Cuts Position in OGE Energy Corporation $OGE

Capital Advisors Inc. OK trimmed its holdings in shares of OGE Energy Corporation (NYSE:OGE) by 21.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,314 shares of the utilities provider’s stock after selling 2,047 shares during the period. Capital Advisors Inc. OK’s holdings in OGE Energy were worth $325,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Alpine Bank Wealth Management purchased a new position in shares of OGE Energy in the 1st quarter valued at $31,000. First Command Advisory Services Inc. acquired a new stake in OGE Energy in the 1st quarter valued at $36,000. Clearstead Trust LLC purchased a new position in OGE Energy in the first quarter valued at about $42,000. Brooklyn Investment Group lifted its stake in shares of OGE Energy by 725.5% during the first quarter. Brooklyn Investment Group now owns 908 shares of the utilities provider’s stock worth $42,000 after purchasing an additional 798 shares in the last quarter. Finally, Tompkins Financial Corp boosted its position in shares of OGE Energy by 42.9% in the second quarter. Tompkins Financial Corp now owns 1,000 shares of the utilities provider’s stock worth $44,000 after buying an additional 300 shares during the period. Institutional investors and hedge funds own 71.84% of the company’s stock.

Wall Street Analyst Weigh In

OGE has been the topic of several analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of OGE Energy in a report on Saturday, September 27th. Wall Street Zen raised shares of OGE Energy from a “sell” rating to a “hold” rating in a research report on Sunday, September 7th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $47.00.

OGE Energy Trading Up 0.5%

NYSE:OGE opened at $46.14 on Tuesday. The stock has a market cap of $9.29 billion, a price-to-earnings ratio of 18.91, a price-to-earnings-growth ratio of 3.19 and a beta of 0.59. OGE Energy Corporation has a one year low of $39.10 and a one year high of $46.91. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.48 and a current ratio of 0.78. The business’s 50-day simple moving average is $44.96 and its 200 day simple moving average is $44.60.

OGE Energy (NYSE:OGE) last issued its quarterly earnings data on Tuesday, July 29th. The utilities provider reported $0.53 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.05). OGE Energy had a net margin of 15.27% and a return on equity of 10.60%. The business had revenue of $741.60 million for the quarter, compared to analyst estimates of $719.97 million. During the same quarter last year, the business earned $0.51 EPS. OGE Energy’s revenue for the quarter was up 11.9% compared to the same quarter last year. As a group, sell-side analysts predict that OGE Energy Corporation will post 2.27 earnings per share for the current fiscal year.

OGE Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, October 6th will be issued a $0.425 dividend. This is a boost from OGE Energy’s previous quarterly dividend of $0.42. This represents a $1.70 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Monday, October 6th. OGE Energy’s dividend payout ratio is currently 68.85%.

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.