Quotient Wealth Partners LLC Invests $201,000 in OGE Energy Corp. (NYSE:OGE)

Quotient Wealth Partners LLC purchased a new stake in OGE Energy Corp. (NYSE:OGE) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 4,895 shares of the utilities provider’s stock, valued at approximately $201,000.

Several other large investors have also recently bought and sold shares of OGE. Pinnacle Bancorp Inc. grew its position in shares of OGE Energy by 392.8% in the first quarter. Pinnacle Bancorp Inc. now owns 823 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 656 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new position in OGE Energy in the 2nd quarter valued at $35,000. Voisard Asset Management Group Inc. bought a new position in OGE Energy during the 4th quarter worth $36,000. Kimelman & Baird LLC acquired a new stake in shares of OGE Energy during the second quarter worth $38,000. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of OGE Energy by 23.1% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,483 shares of the utilities provider’s stock valued at $53,000 after acquiring an additional 278 shares during the period. 71.84% of the stock is owned by institutional investors.

OGE Energy Stock Up 0.4 %

OGE stock opened at $39.83 on Friday. The firm has a 50-day moving average price of $39.93 and a 200-day moving average price of $37.09. OGE Energy Corp. has a 12 month low of $32.06 and a 12 month high of $41.48. The company has a current ratio of 0.71, a quick ratio of 0.36 and a debt-to-equity ratio of 1.08. The stock has a market capitalization of $8.00 billion, a P/E ratio of 19.52, a price-to-earnings-growth ratio of 3.56 and a beta of 0.74.

OGE Energy (NYSE:OGE) last issued its earnings results on Wednesday, August 7th. The utilities provider reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.05. OGE Energy had a return on equity of 9.15% and a net margin of 14.83%. The business had revenue of $662.60 million during the quarter, compared to analysts’ expectations of $837.51 million. During the same quarter in the prior year, the firm earned $0.44 EPS. The business’s revenue for the quarter was up 9.5% compared to the same quarter last year. As a group, equities research analysts anticipate that OGE Energy Corp. will post 2.14 EPS for the current fiscal year.

OGE Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Monday, October 7th will be paid a dividend of $0.4213 per share. This represents a $1.69 dividend on an annualized basis and a yield of 4.23%. The ex-dividend date is Monday, October 7th. This is an increase from OGE Energy’s previous quarterly dividend of $0.42. OGE Energy’s dividend payout ratio (DPR) is currently 82.35%.

Analyst Ratings Changes

A number of research firms recently commented on OGE. Jefferies Financial Group initiated coverage on shares of OGE Energy in a research report on Thursday, September 19th. They set a “buy” rating and a $46.00 price target on the stock. Barclays raised their target price on shares of OGE Energy from $36.00 to $39.00 and gave the stock an “equal weight” rating in a report on Monday, August 12th. Finally, Evercore ISI boosted their price target on OGE Energy from $36.00 to $40.00 and gave the company an “in-line” rating in a research note on Thursday, August 8th. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, OGE Energy currently has an average rating of “Hold” and an average target price of $38.80.

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.