Advantage Trust Co Has $43,000 Stock Position in OGE Energy Corp. (NYSE:OGE)

Advantage Trust Co lessened its stake in OGE Energy Corp. (NYSE:OGE) by 25.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,050 shares of the utilities provider’s stock after selling 350 shares during the quarter. Advantage Trust Co’s holdings in OGE Energy were worth $43,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Allianz Asset Management GmbH increased its holdings in OGE Energy by 15.8% during the 4th quarter. Allianz Asset Management GmbH now owns 1,230,591 shares of the utilities provider’s stock worth $50,762,000 after purchasing an additional 168,323 shares in the last quarter. Ieq Capital LLC acquired a new position in shares of OGE Energy during the fourth quarter worth about $235,000. Atria Wealth Solutions Inc. bought a new position in shares of OGE Energy during the fourth quarter worth about $1,679,000. CIBC Asset Management Inc raised its position in OGE Energy by 5.1% in the 4th quarter. CIBC Asset Management Inc now owns 6,038 shares of the utilities provider’s stock valued at $249,000 after buying an additional 295 shares during the last quarter. Finally, Allworth Financial LP lifted its stake in OGE Energy by 185.8% in the 4th quarter. Allworth Financial LP now owns 1,815 shares of the utilities provider’s stock valued at $77,000 after acquiring an additional 1,180 shares in the last quarter. Institutional investors own 71.84% of the company’s stock.

OGE Energy Trading Up 2.0 %

Shares of OGE Energy stock opened at $45.19 on Friday. The company has a quick ratio of 0.51, a current ratio of 0.73 and a debt-to-equity ratio of 1.08. The business’s 50 day moving average is $42.12 and its 200-day moving average is $41.36. OGE Energy Corp. has a 12-month low of $32.37 and a 12-month high of $45.32. The stock has a market cap of $9.09 billion, a P/E ratio of 20.54, a P/E/G ratio of 3.30 and a beta of 0.78.

OGE Energy Announces Dividend

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 dividend of $0.4213 per share. This represents a $1.69 dividend on an annualized basis and a yield of 3.73%. The ex-dividend date is Monday, April 7th. OGE Energy’s dividend payout ratio (DPR) is presently 76.36%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on OGE. Barclays decreased their price target 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. Evercore ISI upgraded shares of OGE Energy from an “in-line” rating to an “outperform” rating and lifted their price target for the company from $40.00 to $47.00 in a research note on Tuesday, January 21st. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, OGE Energy presently has a consensus rating of “Hold” and a consensus price target of $45.00.

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.