International Assets Investment Management LLC Has $919,000 Holdings in OGE Energy Corp. (NYSE:OGE)

International Assets Investment Management LLC trimmed its holdings in shares of OGE Energy Corp. (NYSE:OGE) by 97.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,261 shares of the utilities provider’s stock after selling 726,347 shares during the period. International Assets Investment Management LLC’s holdings in OGE Energy were worth $919,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. B. Riley Wealth Advisors Inc. increased its stake in shares of OGE Energy by 3.1% in the second quarter. B. Riley Wealth Advisors Inc. now owns 9,579 shares of the utilities provider’s stock valued at $342,000 after buying an additional 290 shares in the last quarter. Centennial Wealth Advisory LLC increased its position in OGE Energy by 3.8% in the 3rd quarter. Centennial Wealth Advisory LLC now owns 8,120 shares of the utilities provider’s stock valued at $333,000 after acquiring an additional 300 shares in the last quarter. UMB Bank n.a. raised its stake in shares of OGE Energy by 5.3% in the third quarter. UMB Bank n.a. now owns 7,694 shares of the utilities provider’s stock worth $316,000 after acquiring an additional 390 shares during the last quarter. US Bancorp DE lifted its position in shares of OGE Energy by 1.8% during the third quarter. US Bancorp DE now owns 24,335 shares of the utilities provider’s stock worth $998,000 after purchasing an additional 419 shares in the last quarter. Finally, JBR Co Financial Management Inc lifted its position in shares of OGE Energy by 0.7% during the third quarter. JBR Co Financial Management Inc now owns 73,545 shares of the utilities provider’s stock worth $3,017,000 after purchasing an additional 525 shares in the last quarter. Institutional investors own 71.84% of the company’s stock.

Wall Street Analysts Forecast Growth

OGE has been the subject of several research analyst reports. Barclays boosted their price objective on shares of OGE Energy from $39.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Monday, October 21st. Jefferies Financial Group started coverage on OGE Energy in a research report on Thursday, September 19th. They set a “buy” rating and a $46.00 target price for the company. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $40.50.

Insider Activity

In related news, VP Cristina F. Mcquistion sold 5,008 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $42.84, for a total value of $214,542.72. Following the completion of the transaction, the vice president now directly owns 20,918 shares in the company, valued at approximately $896,127.12. The trade was a 19.32 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.53% of the stock is owned by company insiders.

OGE Energy Stock Performance

OGE stock opened at $40.83 on Friday. The company has a quick ratio of 0.51, a current ratio of 0.86 and a debt-to-equity ratio of 1.09. OGE Energy Corp. has a twelve month low of $32.06 and a twelve month high of $44.41. The business’s fifty day moving average is $42.10 and its 200-day moving average is $40.08. The company has a market cap of $8.20 billion, a P/E ratio of 21.16, a price-to-earnings-growth ratio of 3.80 and a beta of 0.77.

OGE Energy (NYSE:OGE) last issued its earnings results on Tuesday, November 5th. The utilities provider reported $1.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.03). The company had revenue of $965.40 million for the quarter, compared to the consensus estimate of $1.02 billion. OGE Energy had a return on equity of 8.59% and a net margin of 13.89%. OGE Energy’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the business posted $1.20 EPS. Equities research analysts forecast that OGE Energy Corp. will post 2.14 EPS for the current year.

OGE Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Monday, January 6th will be issued a $0.4213 dividend. The ex-dividend date of this dividend is Monday, January 6th. This represents a $1.69 annualized dividend and a yield of 4.13%. OGE Energy’s dividend payout ratio (DPR) is presently 87.05%.

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.