OGE Energy Corporation $OGE Shares Sold by Capital Advisors Inc. OK

Capital Advisors Inc. OK lowered its holdings in shares of OGE Energy Corporation (NYSE:OGE) by 21.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,314 shares of the utilities provider’s stock after selling 2,047 shares during the period. Capital Advisors Inc. OK’s holdings in OGE Energy were worth $325,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Alpine Bank Wealth Management purchased a new stake in OGE Energy in the 1st quarter valued at approximately $31,000. First Command Advisory Services Inc. acquired a new position in shares of OGE Energy in the first quarter worth $36,000. Clearstead Trust LLC purchased a new stake in shares of OGE Energy in the first quarter valued at $42,000. Brooklyn Investment Group lifted its position in shares of OGE Energy by 725.5% in the first quarter. Brooklyn Investment Group now owns 908 shares of the utilities provider’s stock valued at $42,000 after acquiring an additional 798 shares in the last quarter. Finally, Tompkins Financial Corp boosted its stake in shares of OGE Energy by 42.9% during the second quarter. Tompkins Financial Corp now owns 1,000 shares of the utilities provider’s stock valued at $44,000 after acquiring an additional 300 shares during the last quarter. 71.84% of the stock is currently owned by institutional investors and hedge funds.

OGE Energy Trading Up 0.5%

NYSE OGE opened at $46.14 on Tuesday. The company has a market cap of $9.29 billion, a P/E ratio of 18.91, a P/E/G ratio of 3.19 and a beta of 0.59. OGE Energy Corporation has a 12 month low of $39.10 and a 12 month high of $46.91. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.78 and a quick ratio of 0.48. The company has a 50-day moving average of $44.96 and a 200-day moving average of $44.60.

OGE Energy (NYSE:OGE) last released its earnings results on Tuesday, July 29th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.05). The company had revenue of $741.60 million during the quarter, compared to analysts’ expectations of $719.97 million. OGE Energy had a net margin of 15.27% and a return on equity of 10.60%. OGE Energy’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.51 earnings per share. As a group, equities analysts predict that OGE Energy Corporation will post 2.27 earnings per share for the current year.

OGE Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, October 6th will be given a $0.425 dividend. This is an increase from OGE Energy’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Monday, October 6th. This represents a $1.70 annualized dividend and a dividend yield of 3.7%. OGE Energy’s dividend payout ratio is 68.85%.

Analysts Set New Price Targets

A number of research firms have issued reports on OGE. Weiss Ratings restated a “buy (b)” rating on shares of OGE Energy in a report on Saturday, September 27th. Wall Street Zen raised shares of OGE Energy from a “sell” rating to a “hold” rating in a research report on Sunday, September 7th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, OGE Energy has a consensus rating of “Moderate Buy” and a consensus target price of $47.00.

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.