Strs Ohio Decreases Position in OGE Energy Corporation $OGE

Strs Ohio reduced its position in shares of OGE Energy Corporation (NYSE:OGE) by 93.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,803 shares of the utilities provider’s stock after selling 69,325 shares during the period. Strs Ohio’s holdings in OGE Energy were worth $222,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in OGE. Capital A Wealth Management LLC raised its stake in OGE Energy by 5,157.1% in the 2nd quarter. Capital A Wealth Management LLC now owns 736 shares of the utilities provider’s stock valued at $33,000 after purchasing an additional 722 shares during the last quarter. State of Wyoming acquired a new stake in shares of OGE Energy in the second quarter valued at about $34,000. Golden State Wealth Management LLC lifted its stake in shares of OGE Energy by 427.0% in the second quarter. Golden State Wealth Management LLC now owns 780 shares of the utilities provider’s stock worth $35,000 after buying an additional 632 shares in the last quarter. Quent Capital LLC purchased a new position in shares of OGE Energy in the third quarter worth about $43,000. Finally, MTM Investment Management LLC acquired a new position in OGE Energy during the second quarter worth about $51,000. Hedge funds and other institutional investors own 71.84% of the company’s stock.

OGE Energy Trading Down 1.4%

Shares of OGE stock opened at $43.08 on Tuesday. OGE Energy Corporation has a 1-year low of $40.80 and a 1-year high of $47.33. The firm has a market cap of $8.68 billion, a PE ratio of 17.30, a price-to-earnings-growth ratio of 2.59 and a beta of 0.63. The company has a 50-day moving average of $43.34 and a two-hundred day moving average of $44.47. 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 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 30th. Shareholders of record on Monday, January 5th were given a $0.425 dividend. The ex-dividend date of this dividend was Monday, January 5th. This represents a $1.70 dividend on an annualized basis and a yield of 3.9%. OGE Energy’s payout ratio is presently 68.27%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. UBS Group cut their price objective on shares of OGE Energy from $45.00 to $44.00 and set a “neutral” rating for the company in a report on Wednesday, December 17th. BMO Capital Markets initiated coverage on OGE Energy in a report on Tuesday, January 13th. They issued a “market perform” rating and a $45.00 price target for the company. Jefferies Financial Group boosted their price objective on OGE Energy from $52.00 to $55.00 and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. Mizuho upped their target price on OGE Energy from $45.00 to $47.00 and gave the company a “neutral” rating in a report on Wednesday, October 29th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating on shares of OGE Energy in a report on Friday, January 23rd. Four 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’s stock. According to data from MarketBeat.com, OGE Energy has a consensus rating of “Hold” and a consensus target price of $47.13.

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.