OGE Energy Corp. (NYSE:OGE) Shares Sold by Autumn Glory Partners LLC

Autumn Glory Partners LLC trimmed its holdings in shares of OGE Energy Corp. (NYSE:OGE) by 2.2% in the fourth quarter, Holdings Channel reports. The firm owned 63,871 shares of the utilities provider’s stock after selling 1,442 shares during the period. OGE Energy comprises 1.3% of Autumn Glory Partners LLC’s investment portfolio, making the stock its 18th largest holding. Autumn Glory Partners LLC’s holdings in OGE Energy were worth $2,635,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of OGE. International Assets Investment Management LLC increased its position 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 worth $30,708,000 after purchasing an additional 729,579 shares during the last quarter. Verition Fund Management LLC grew its position in OGE Energy by 25.2% in the 3rd quarter. Verition Fund Management LLC now owns 1,318,556 shares of the utilities provider’s stock valued at $54,087,000 after acquiring an additional 265,115 shares in the last quarter. Strategic Financial Concepts LLC acquired a new position in OGE Energy in the 4th quarter valued at about $8,195,000. State Street Corp grew its position 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 valued at $280,425,000 after acquiring an additional 185,069 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC grew its position in OGE Energy by 34.1% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 605,590 shares of the utilities provider’s stock valued at $24,841,000 after acquiring an additional 154,000 shares in the last quarter. 71.84% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Barclays dropped their target price on OGE Energy from $43.00 to $42.00 and set an “equal weight” rating for the company in a research report on Friday, January 24th. Evercore ISI raised OGE Energy from an “in-line” rating to an “outperform” rating and lifted their target price for the company from $40.00 to $47.00 in a research report on Tuesday, January 21st. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, OGE Energy has a consensus rating of “Hold” and an average price target of $45.00.

OGE Energy Stock Performance

Shares of OGE Energy stock opened at $43.54 on Friday. OGE Energy Corp. has a one year low of $32.37 and a one year high of $44.41. The company has a market cap of $8.75 billion, a PE ratio of 22.56, a P/E/G ratio of 3.18 and a beta of 0.78. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.51 and a current ratio of 0.86. The business has a 50-day simple moving average of $41.90 and a 200-day simple moving average of $41.18.

OGE Energy Dividend Announcement

The business also recently disclosed 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. This represents a $1.69 dividend on an annualized basis and a dividend yield of 3.87%. The ex-dividend date was Monday, January 6th. OGE Energy’s dividend payout ratio is presently 87.05%.

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.