2 weeks Ago By Defense World Staff
Townsquare Capital LLC trimmed its stake in OGE Energy Corp. (NYSE:OGE – Free Report) by 18.2% during the fourth quarter, according to its most recent 13F filing with the SEC.
The firm owned 10,003 shares of the utilities provider’s stock after selling 2,232 shares during the period. Townsquare Capital LLC’s holdings in OGE Energy were worth $413,000 as of its most recent filing with the SEC. Other large investors also recently added to or reduced their stakes in the company.
Morse Asset Management Inc acquired a new stake in OGE Energy during the 3rd quarter worth approximately $410,000. Barclays PLC increased its stake in OGE Energy by 45.1% in the third quarter.
Barclays PLC now owns 126,230 shares of the utilities provider’s stock valued at $5,176,000 after purchasing an additional 39,263 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in OGE Energy during the 3rd quarter worth $453,000. World Investment Advisors LLC acquired a new stake in shares of OGE Energy during the third quarter worth about $711,000.
Finally, Arvest Bank Trust Division purchased a new stake in OGE Energy in the third quarter valued at approximately $204,000. 71.84% of the stock is currently owned by institutional investors and hedge funds.
OGE Energy Stock Up 0.7 %Shares of NYSE OGE opened at $45.01 on Monday.
The firm has a market cap of $9.06 billion, a P/E ratio of 20.46, a price-to-earnings-growth ratio of 3.
30 and a beta of 0.57. The company has a debt-to-equity ratio of 1.
08, a quick ratio of 0.51 and a current ratio of 0.73.
OGE Energy Corp. has a 1 year low of $33.42 and a 1 year high of $46.
91. The firm’s 50 day moving average price is $44.57 and its 200 day moving average price is $42.
75. OGE Energy Dividend AnnouncementThe firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, April 7th will be issued a $0.
4213 dividend. This represents a $1.69 annualized dividend and a yield of 3.
74%. The ex-dividend date is Monday, April 7th. OGE Energy’s dividend payout ratio (DPR) is 76.
36%. Analysts Set New Price TargetsA number of brokerages have recently commented on OGE. Argus raised shares of OGE Energy from a “hold” rating to a “buy” rating and set a $47.
00 target price for the company in a report on Friday, April 11th. LADENBURG THALM/SH SH raised OGE Energy to a “hold” rating in a report on Monday, March 17th. Evercore ISI raised OGE Energy from an “in-line” rating to an “outperform” rating and boosted their price target for the stock from $40.
00 to $47.00 in a research note on Tuesday, January 21st. Finally, Barclays boosted their price objective on shares of OGE Energy from $42.
00 to $44.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 25th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock.
According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $46.00.Read Our Latest Stock Analysis on OGE EnergyOGE Energy Company Profile (Free Report)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.
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