1,944 Shares in OGE Energy Corp. (NYSE:OGE) Acquired by New Wave Wealth Advisors LLC

New Wave Wealth Advisors LLC acquired a new stake in shares of OGE Energy Corp. (NYSE:OGE) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,944 shares of the utilities provider’s stock, valued at approximately $80,000.

Several other institutional investors and hedge funds have also bought and sold shares of OGE. State Street Corp increased its holdings in OGE Energy by 2.8% in the 3rd quarter. State Street Corp now owns 6,836,303 shares of the utilities provider’s stock worth $280,425,000 after acquiring an additional 185,069 shares during the last quarter. Geode Capital Management LLC boosted its position in OGE Energy by 1.2% during the third quarter. Geode Capital Management LLC now owns 3,349,471 shares of the utilities provider’s stock worth $137,433,000 after purchasing an additional 40,733 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of OGE Energy by 0.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,339,833 shares of the utilities provider’s stock worth $54,960,000 after purchasing an additional 4,761 shares in the last quarter. Verition Fund Management LLC raised its position in shares of OGE Energy by 25.2% in the third quarter. Verition Fund Management LLC now owns 1,318,556 shares of the utilities provider’s stock valued at $54,087,000 after purchasing an additional 265,115 shares during the period. Finally, International Assets Investment Management LLC lifted its stake in shares of OGE Energy by 3,834.0% during the 3rd quarter. International Assets Investment Management LLC now owns 748,608 shares of the utilities provider’s stock valued at $30,708,000 after buying an additional 729,579 shares in the last quarter. 71.84% of the stock is owned by institutional investors.

Insider Transactions at OGE Energy

In related news, VP Cristina F. Mcquistion sold 5,008 shares of the company’s stock in a transaction on 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 directly owns 20,918 shares in the company, valued at approximately $896,127.12. The trade was a 19.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.53% of the stock is owned by insiders.

OGE Energy Price Performance

Shares of NYSE:OGE opened at $42.23 on Friday. OGE Energy Corp. has a 12 month low of $32.06 and a 12 month high of $44.41. The company has a current ratio of 0.86, a quick ratio of 0.51 and a debt-to-equity ratio of 1.09. The stock has a market cap of $8.49 billion, a P/E ratio of 21.88, a P/E/G ratio of 3.14 and a beta of 0.77. The company has a 50 day moving average of $41.99 and a 200 day moving average of $40.80.

OGE Energy (NYSE:OGE) last released its quarterly earnings results on Tuesday, November 5th. The utilities provider reported $1.09 earnings per share for the quarter, missing the consensus estimate of $1.12 by ($0.03). The firm had revenue of $965.40 million during the quarter, compared to the consensus estimate of $1.02 billion. OGE Energy had a return on equity of 8.59% and a net margin of 13.89%. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.20 EPS. As a group, sell-side analysts forecast that OGE Energy Corp. will post 2.17 EPS for the current fiscal year.

OGE Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Monday, January 6th were given a dividend of $0.4213 per share. The ex-dividend date was Monday, January 6th. This represents a $1.69 dividend on an annualized basis and a dividend yield of 3.99%. OGE Energy’s dividend payout ratio (DPR) is presently 87.05%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on OGE. Evercore ISI upgraded shares of OGE Energy from an “in-line” rating to an “outperform” rating and lifted their price objective for the company from $40.00 to $47.00 in a research note on Tuesday, January 21st. Barclays cut their price target on OGE Energy from $43.00 to $42.00 and set an “equal weight” rating for the company in a report on Friday, January 24th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $45.00.

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.