Centennial Wealth Advisory LLC Raises Holdings in OGE Energy Corp. (NYSE:OGE)

Centennial Wealth Advisory LLC grew its position in shares of OGE Energy Corp. (NYSE:OGE) by 3.8% during the third quarter, Holdings Channel reports. The institutional investor owned 8,120 shares of the utilities provider’s stock after purchasing an additional 300 shares during the quarter. Centennial Wealth Advisory LLC’s holdings in OGE Energy were worth $333,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Donoghue Forlines LLC purchased a new stake in OGE Energy during the 1st quarter worth about $656,000. Harbor Capital Advisors Inc. purchased a new stake in OGE Energy during the 2nd quarter worth about $619,000. SG Americas Securities LLC lifted its holdings in OGE Energy by 2,815.6% during the 1st quarter. SG Americas Securities LLC now owns 121,115 shares of the utilities provider’s stock worth $4,154,000 after purchasing an additional 116,961 shares in the last quarter. Wedge Capital Management L L P NC lifted its holdings in OGE Energy by 6.2% during the 2nd quarter. Wedge Capital Management L L P NC now owns 391,027 shares of the utilities provider’s stock worth $13,960,000 after purchasing an additional 22,899 shares in the last quarter. Finally, Duality Advisers LP lifted its holdings in OGE Energy by 53.1% during the 1st quarter. Duality Advisers LP now owns 119,914 shares of the utilities provider’s stock worth $4,113,000 after purchasing an additional 41,584 shares in the last quarter. Hedge funds and other institutional investors own 71.84% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on OGE shares. Evercore ISI increased their price objective on OGE Energy from $36.00 to $40.00 and gave the company an “in-line” rating in a research report on Thursday, August 8th. Jefferies Financial Group began coverage on OGE Energy in a report on Thursday, September 19th. They set a “buy” rating and a $46.00 target price for the company. Finally, Barclays increased their price objective on OGE Energy from $39.00 to $42.00 and gave the stock an “equal weight” rating in a report on Monday, October 21st. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $39.40.

OGE Energy Stock Up 1.4 %

Shares of OGE Energy stock traded up $0.58 on Wednesday, reaching $41.61. The company’s stock had a trading volume of 60,345 shares, compared to its average volume of 1,285,013. The company has a quick ratio of 0.36, a current ratio of 0.71 and a debt-to-equity ratio of 1.08. OGE Energy Corp. has a 52 week low of $32.06 and a 52 week high of $41.75. The company has a market capitalization of $8.36 billion, a price-to-earnings ratio of 20.11, a P/E/G ratio of 3.53 and a beta of 0.74. The firm’s fifty day simple moving average is $40.35 and its two-hundred day simple moving average is $37.95.

OGE Energy (NYSE:OGE) last issued its quarterly earnings data on Tuesday, November 5th. The utilities provider reported $1.09 EPS for the quarter, missing the consensus estimate of $1.12 by ($0.03). OGE Energy had a return on equity of 9.15% and a net margin of 14.83%. The firm had revenue of $965.40 million during the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the previous year, the firm earned $1.20 EPS. The business’s revenue was up 2.1% on a year-over-year basis. Equities analysts anticipate that OGE Energy Corp. will post 2.14 earnings per share for the current year.

OGE Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Monday, October 7th were given a $0.4213 dividend. This represents a $1.69 annualized dividend and a dividend yield of 4.05%. This is an increase from OGE Energy’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Monday, October 7th. OGE Energy’s payout ratio is presently 82.35%.

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.