Alps Advisors Inc. Boosts Stake in OGE Energy Corporation $OGE

Alps Advisors Inc. lifted its position in OGE Energy Corporation (NYSE:OGE) by 73.7% in the 3rd quarter, Holdings Channel reports. The fund owned 123,632 shares of the utilities provider’s stock after acquiring an additional 52,454 shares during the quarter. Alps Advisors Inc.’s holdings in OGE Energy were worth $5,720,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in OGE. Savant Capital LLC grew its stake in OGE Energy by 2.0% in the third quarter. Savant Capital LLC now owns 15,656 shares of the utilities provider’s stock worth $724,000 after purchasing an additional 303 shares during the period. Hantz Financial Services Inc. boosted its holdings in shares of OGE Energy by 62.6% during the 3rd quarter. Hantz Financial Services Inc. now owns 5,917 shares of the utilities provider’s stock valued at $274,000 after buying an additional 2,277 shares in the last quarter. Ashton Thomas Private Wealth LLC boosted its holdings in shares of OGE Energy by 302.8% during the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 58,392 shares of the utilities provider’s stock valued at $2,702,000 after buying an additional 43,895 shares in the last quarter. Jones Financial Companies Lllp grew its position in shares of OGE Energy by 13.7% in the 3rd quarter. Jones Financial Companies Lllp now owns 39,368 shares of the utilities provider’s stock worth $1,800,000 after buying an additional 4,752 shares during the period. Finally, Everhart Financial Group Inc. increased its stake in shares of OGE Energy by 5.6% in the 3rd quarter. Everhart Financial Group Inc. now owns 20,921 shares of the utilities provider’s stock worth $968,000 after acquiring an additional 1,116 shares in the last quarter. Hedge funds and other institutional investors own 71.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. BMO Capital Markets initiated coverage on shares of OGE Energy in a research report on Tuesday, January 13th. They set a “market perform” rating and a $45.00 price target for the company. Barclays lowered their target price on shares of OGE Energy from $51.00 to $49.00 and set an “overweight” rating for the company in a report on Thursday, January 22nd. Jefferies Financial Group upped their price target on OGE Energy from $52.00 to $55.00 and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. Wall Street Zen raised OGE Energy from a “sell” rating to a “hold” rating in a research report on Saturday, January 24th. Finally, Wells Fargo & Company downgraded OGE Energy from an “equal weight” rating to an “underweight” rating and dropped their target price for the stock from $45.00 to $39.00 in a report on Tuesday, January 20th. Four investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $47.13.

OGE Energy Trading Up 0.8%

Shares of NYSE:OGE opened at $44.31 on Tuesday. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.80 and a quick ratio of 0.52. OGE Energy Corporation has a 1 year low of $40.80 and a 1 year high of $47.33. The company has a market cap of $8.93 billion, a P/E ratio of 17.79, a PEG ratio of 2.59 and a beta of 0.62. The stock’s fifty day moving average price is $43.19 and its 200-day moving average price is $44.42.

OGE Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Monday, January 5th were issued a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend was Monday, January 5th. OGE Energy’s dividend payout ratio (DPR) is presently 68.27%.

OGE Energy Profile

OGE Energy Corp. (NYSE:OGE) is an energy and infrastructure holding company headquartered in Oklahoma City, Oklahoma. Through its principal subsidiary, Oklahoma Gas & Electric Company, the company provides regulated electric service to residential, commercial and industrial customers across Oklahoma and western Arkansas. Its diversified generation mix includes coal, natural gas and wind-powered facilities, complemented by ongoing investments in grid modernization and smart technology to enhance reliability and customer satisfaction.

In addition to its core electric utility operations, OGE Energy Corp.