EntryPoint Capital LLC Purchases New Stake in OGE Energy Corp. (NYSE:OGE)

EntryPoint Capital LLC acquired a new position 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. The fund acquired 6,354 shares of the utilities provider’s stock, valued at approximately $262,000.

A number of other large investors also recently added to or reduced their stakes in the business. Stonebridge Financial Group LLC acquired a new stake in shares of OGE Energy during the fourth quarter worth $35,000. Principal Securities Inc. boosted its holdings in OGE Energy by 204.7% during the fourth quarter. Principal Securities Inc. now owns 981 shares of the utilities provider’s stock worth $40,000 after buying an additional 659 shares during the last quarter. BankPlus Trust Department acquired a new position in shares of OGE Energy during the 4th quarter worth about $44,000. Lee Danner & Bass Inc. bought a new stake in shares of OGE Energy in the 4th quarter valued at about $45,000. Finally, Mather Group LLC. raised its position in shares of OGE Energy by 20.9% in the 4th quarter. Mather Group LLC. now owns 1,616 shares of the utilities provider’s stock valued at $67,000 after acquiring an additional 279 shares during the period. 71.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

OGE has been the subject of a number of analyst reports. LADENBURG THALM/SH SH upgraded shares of OGE Energy to a “hold” rating in a report on Monday, March 17th. Barclays boosted their price target on shares of OGE Energy from $42.00 to $44.00 and gave the company an “equal weight” rating in a report on Tuesday, February 25th. Finally, Evercore ISI raised OGE Energy from an “in-line” rating to an “outperform” rating and raised their price objective for the stock from $40.00 to $47.00 in a research note on Tuesday, January 21st. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $45.67.

OGE Energy Stock Up 0.9 %

OGE Energy stock opened at $45.49 on Friday. The company has a 50 day moving average of $44.01 and a 200-day moving average of $42.31. The company has a quick ratio of 0.51, a current ratio of 0.73 and a debt-to-equity ratio of 1.08. OGE Energy Corp. has a twelve month low of $32.37 and a twelve month high of $46.54. The stock has a market capitalization of $9.16 billion, a PE ratio of 20.68, a price-to-earnings-growth ratio of 3.30 and a beta of 0.70.

OGE Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, April 7th will be issued a dividend of $0.4213 per share. This represents a $1.69 dividend on an annualized basis and a yield of 3.70%. The ex-dividend date is Monday, April 7th. OGE Energy’s dividend payout ratio (DPR) is presently 76.36%.

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.