Centennial Wealth Advisory LLC Buys 707 Shares of OGE Energy Corp. (NYSE:OGE)

Centennial Wealth Advisory LLC raised its stake in OGE Energy Corp. (NYSE:OGE) by 8.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,827 shares of the utilities provider’s stock after purchasing an additional 707 shares during the period. Centennial Wealth Advisory LLC’s holdings in OGE Energy were worth $364,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. FMR LLC boosted its holdings in OGE Energy by 16.3% in the 3rd quarter. FMR LLC now owns 558,967 shares of the utilities provider’s stock valued at $22,929,000 after purchasing an additional 78,164 shares during the period. PEAK6 Investments LLC acquired a new position in shares of OGE Energy in the 3rd quarter valued at $783,000. Navellier & Associates Inc. acquired a new position in shares of OGE Energy in the 3rd quarter valued at $785,000. BNP Paribas Financial Markets raised its stake in shares of OGE Energy by 316.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 34,752 shares of the utilities provider’s stock valued at $1,426,000 after buying an additional 26,411 shares in the last quarter. Finally, Merit Financial Group LLC raised its stake in shares of OGE Energy by 14.2% in the 4th quarter. Merit Financial Group LLC now owns 6,505 shares of the utilities provider’s stock valued at $268,000 after buying an additional 810 shares in the last quarter. 71.84% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on OGE. Barclays dropped their price objective 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 increased their price objective for the company from $40.00 to $47.00 in a research note on Tuesday, January 21st. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, OGE Energy has an average rating of “Hold” and an average target price of $45.00.

OGE Energy Trading Up 0.6 %

OGE opened at $42.62 on Thursday. 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 capitalization of $8.56 billion, a PE ratio of 22.08, a PEG ratio of 3.15 and a beta of 0.78. OGE Energy Corp. has a 1-year low of $32.06 and a 1-year high of $44.41. The firm has a 50-day moving average price of $41.90 and a two-hundred day moving average price of $40.94.

OGE Energy (NYSE:OGE) last posted its quarterly earnings data 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 company had revenue of $965.40 million during the quarter, compared to analyst estimates of $1.02 billion. OGE Energy had a net margin of 13.89% and a return on equity of 8.59%. The company’s revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.20 EPS. As a group, equities analysts anticipate that OGE Energy Corp. will post 2.17 earnings per share for the current fiscal year.

OGE Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, January 6th were given a $0.4213 dividend. This represents a $1.69 annualized dividend and a yield of 3.95%. The ex-dividend date was Monday, January 6th. OGE Energy’s payout ratio is presently 87.05%.

Insider Buying and Selling at OGE Energy

In other news, VP Cristina F. Mcquistion sold 5,008 shares of the firm’s 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 transaction, the vice president now owns 20,918 shares of the company’s stock, valued at approximately $896,127.12. This trade represents a 19.32 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.53% of the company’s stock.

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.