Foundations Investment Advisors LLC Has $608,000 Stock Holdings in OGE Energy Corp. (NYSE:OGE)

Foundations Investment Advisors LLC grew its stake in OGE Energy Corp. (NYSE:OGE) by 41.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 14,743 shares of the utilities provider’s stock after purchasing an additional 4,328 shares during the quarter. Foundations Investment Advisors LLC’s holdings in OGE Energy were worth $608,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in OGE. State Street Corp raised its holdings in OGE Energy by 2.8% in the third quarter. State Street Corp now owns 6,836,303 shares of the utilities provider’s stock worth $280,425,000 after purchasing an additional 185,069 shares during the period. Geode Capital Management LLC increased its position in shares of OGE Energy by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 3,349,471 shares of the utilities provider’s stock valued at $137,433,000 after buying an additional 40,733 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in OGE Energy by 0.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,339,833 shares of the utilities provider’s stock worth $54,960,000 after buying an additional 4,761 shares during the period. Verition Fund Management LLC lifted its holdings in OGE Energy by 25.2% during the third quarter. Verition Fund Management LLC now owns 1,318,556 shares of the utilities provider’s stock worth $54,087,000 after acquiring an additional 265,115 shares in the last quarter. Finally, International Assets Investment Management LLC grew its stake in OGE Energy by 3,834.0% in the third quarter. International Assets Investment Management LLC now owns 748,608 shares of the utilities provider’s stock valued at $30,708,000 after acquiring an additional 729,579 shares during the period. 71.84% of the stock is currently owned by institutional investors.

Insider Activity at OGE Energy

In other OGE Energy news, VP Cristina F. Mcquistion sold 5,008 shares of the company’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $42.84, for a total transaction of $214,542.72. Following the sale, the vice president now directly owns 20,918 shares of the company’s stock, valued at approximately $896,127.12. This represents a 19.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.53% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on OGE shares. Barclays dropped their price target on OGE Energy from $43.00 to $42.00 and set an “equal weight” rating on the stock in a research report on Friday, January 24th. Evercore ISI upgraded shares of OGE Energy from an “in-line” rating to an “outperform” rating and raised their target price for the stock from $40.00 to $47.00 in a report on Tuesday, January 21st. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, OGE Energy currently has a consensus rating of “Hold” and an average price target of $45.00.

OGE Energy Stock Up 1.4 %

Shares of OGE Energy stock opened at $42.70 on Friday. OGE Energy Corp. has a 52-week low of $32.06 and a 52-week high of $44.41. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.51 and a current ratio of 0.86. The business’s 50 day simple moving average is $42.02 and its 200 day simple moving average is $40.76. The firm has a market cap of $8.58 billion, a PE ratio of 22.12, a P/E/G ratio of 3.63 and a beta of 0.77.

OGE Energy (NYSE:OGE) last announced its quarterly earnings data on Tuesday, November 5th. The utilities provider reported $1.09 EPS for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.03). The business had revenue of $965.40 million during 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%. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.20 EPS. On average, analysts predict that OGE Energy Corp. will post 2.16 earnings per share for the current fiscal year.

OGE Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Monday, January 6th will be issued a dividend of $0.4213 per share. The ex-dividend date is Monday, January 6th. This represents a $1.69 annualized dividend and a yield of 3.95%. OGE Energy’s payout ratio is presently 87.05%.

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.