Foundations Investment Advisors LLC Has $608,000 Stock Position in OGE Energy Corp. (NYSE:OGE)

Foundations Investment Advisors LLC grew its stake in shares of OGE Energy Corp. (NYSE:OGE) by 41.6% in the 4th quarter, HoldingsChannel reports. The fund owned 14,743 shares of the utilities provider’s stock after purchasing an additional 4,328 shares during the quarter. Foundations Investment Advisors LLC’s holdings in OGE Energy were worth $608,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. V Square Quantitative Management LLC acquired a new stake in OGE Energy during the 3rd quarter worth approximately $30,000. Fortitude Family Office LLC acquired a new stake in shares of OGE Energy during the third quarter worth $63,000. Wilmington Savings Fund Society FSB bought a new stake in shares of OGE Energy in the third quarter valued at about $134,000. Blue Trust Inc. grew its stake in shares of OGE Energy by 45.1% in the third quarter. Blue Trust Inc. now owns 3,978 shares of the utilities provider’s stock valued at $163,000 after acquiring an additional 1,236 shares in the last quarter. Finally, Eastern Bank bought a new position in OGE Energy during the third quarter worth about $178,000. Institutional investors own 71.84% of the company’s stock.

Analyst Upgrades and Downgrades

OGE has been the topic of a number of analyst reports. Evercore ISI upgraded shares of OGE Energy from an “in-line” rating to an “outperform” rating and increased their target price for the stock from $40.00 to $47.00 in a research report on Tuesday, January 21st. Barclays reduced their price target on OGE Energy from $43.00 to $42.00 and set an “equal weight” rating on the stock in a research report on Friday, January 24th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $45.00.

OGE Energy Price Performance

OGE stock opened at $42.70 on Friday. The company’s 50-day moving average price is $42.02 and its two-hundred day moving average price is $40.76. The firm has a market cap of $8.58 billion, a P/E ratio of 22.12, a P/E/G ratio of 3.63 and a beta of 0.77. The company has a quick ratio of 0.51, a current ratio of 0.86 and a debt-to-equity ratio of 1.09. OGE Energy Corp. has a 12 month low of $32.06 and a 12 month high of $44.41.

OGE Energy (NYSE:OGE) last announced its quarterly earnings data on Tuesday, November 5th. The utilities provider reported $1.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.03). OGE Energy had a net margin of 13.89% and a return on equity of 8.59%. The firm had revenue of $965.40 million during the quarter, compared to the consensus estimate of $1.02 billion. During the same period last year, the business earned $1.20 earnings per share. The business’s revenue was up 2.1% compared to the same quarter last year. On average, analysts anticipate that OGE Energy Corp. will post 2.16 earnings per share for the current fiscal year.

OGE Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Monday, January 6th will be given a dividend of $0.4213 per share. The ex-dividend date of this dividend is Monday, January 6th. This represents a $1.69 annualized dividend and a dividend yield of 3.95%. OGE Energy’s dividend payout ratio is currently 87.05%.

Insider Activity at OGE Energy

In other news, VP Cristina F. Mcquistion sold 5,008 shares of the stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $42.84, for a total value of $214,542.72. Following the completion of the transaction, the vice president now owns 20,918 shares of the company’s stock, valued at approximately $896,127.12. This represents a 19.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.53% of the stock is currently owned by insiders.

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.