Centennial Wealth Advisory LLC Purchases 707 Shares of OGE Energy Corp. (NYSE:OGE)

Centennial Wealth Advisory LLC grew its holdings in OGE Energy Corp. (NYSE:OGE) by 8.7% in the 4th quarter, Holdings Channel reports. The fund owned 8,827 shares of the utilities provider’s stock after purchasing an additional 707 shares during the quarter. Centennial Wealth Advisory LLC’s holdings in OGE Energy were worth $364,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of OGE. GAMMA Investing LLC raised its position in shares of OGE Energy by 18.3% during the third quarter. GAMMA Investing LLC now owns 4,390 shares of the utilities provider’s stock worth $180,000 after purchasing an additional 679 shares during the period. UMB Bank n.a. raised its position in shares of OGE Energy by 5.3% during the third quarter. UMB Bank n.a. now owns 7,694 shares of the utilities provider’s stock worth $316,000 after purchasing an additional 390 shares during the period. Quotient Wealth Partners LLC acquired a new stake in shares of OGE Energy during the third quarter worth about $201,000. JBR Co Financial Management Inc raised 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 during the period. Finally, Creative Planning raised its position in shares of OGE Energy by 5.9% during the third quarter. Creative Planning now owns 123,187 shares of the utilities provider’s stock worth $5,053,000 after purchasing an additional 6,894 shares during the period. Institutional investors and hedge funds own 71.84% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on OGE shares. Evercore ISI raised OGE Energy from an “in-line” rating to an “outperform” rating and lifted their target price for the company from $40.00 to $47.00 in a research report on Tuesday, January 21st. Barclays dropped their target price 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. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $45.00.

Insiders Place Their Bets

In other news, VP Cristina F. Mcquistion sold 5,008 shares of OGE Energy stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $42.84, for a total transaction 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 legal filing with the SEC, which can be accessed through this link. Insiders own 0.53% of the company’s stock.

OGE Energy Stock Up 0.6 %

Shares of OGE Energy stock opened at $42.62 on Thursday. The firm has a market cap of $8.56 billion, a PE ratio of 22.08, a P/E/G ratio of 3.15 and a beta of 0.78. OGE Energy Corp. has a 52-week low of $32.06 and a 52-week high of $44.41. The business’s 50 day simple moving average is $41.90 and its 200 day simple moving average is $40.94. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.51 and a current ratio of 0.86.

OGE Energy (NYSE:OGE) last posted its quarterly earnings results on Tuesday, November 5th. The utilities provider reported $1.09 earnings per share for the quarter, missing the consensus estimate of $1.12 by ($0.03). The company had revenue of $965.40 million for the quarter, compared to analyst estimates of $1.02 billion. OGE Energy had a return on equity of 8.59% and a net margin of 13.89%. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period last year, the firm earned $1.20 EPS. On average, analysts predict that OGE Energy Corp. will post 2.17 earnings per share for the current fiscal year.

OGE Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, January 6th were given a dividend of $0.4213 per share. This represents a $1.69 annualized dividend and a dividend yield of 3.95%. The ex-dividend date was Monday, January 6th. OGE Energy’s dividend payout ratio (DPR) is 87.05%.

About OGE Energy

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.