HUB Investment Partners LLC Lowers Holdings in OGE Energy Corp. (NYSE:OGE)

HUB Investment Partners LLC trimmed its position in OGE Energy Corp. (NYSE:OGE) by 1.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 154,246 shares of the utilities provider’s stock after selling 2,326 shares during the quarter. HUB Investment Partners LLC’s holdings in OGE Energy were worth $6,363,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Stonebridge Financial Group LLC bought a new position in shares of OGE Energy in the 4th quarter worth $35,000. Principal Securities Inc. raised its position in shares of OGE Energy by 204.7% in the 4th quarter. Principal Securities Inc. now owns 981 shares of the utilities provider’s stock worth $40,000 after acquiring an additional 659 shares in the last quarter. BankPlus Trust Department bought a new position in shares of OGE Energy in the 4th quarter worth $44,000. Mather Group LLC. raised its position in shares of OGE Energy by 20.9% in the 4th quarter. Mather Group LLC. now owns 1,616 shares of the utilities provider’s stock worth $67,000 after acquiring an additional 279 shares in the last quarter. Finally, Allworth Financial LP raised its position in shares of OGE Energy by 185.8% in the 4th quarter. Allworth Financial LP now owns 1,815 shares of the utilities provider’s stock worth $77,000 after acquiring an additional 1,180 shares in the last quarter. 71.84% of the stock is currently owned by hedge funds and other institutional investors.

OGE Energy Stock Up 0.9 %

Shares of OGE opened at $45.17 on Thursday. OGE Energy Corp. has a 52 week low of $32.37 and a 52 week high of $46.54. The company has a quick ratio of 0.51, a current ratio of 0.73 and a debt-to-equity ratio of 1.08. The company has a market capitalization of $9.09 billion, a price-to-earnings ratio of 20.53, a PEG ratio of 3.30 and a beta of 0.70. The stock’s 50-day moving average price is $43.45 and its 200-day moving average price is $42.07.

OGE Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, April 7th will be paid a $0.4213 dividend. The ex-dividend date of this dividend is Monday, April 7th. This represents a $1.69 dividend on an annualized basis and a dividend yield of 3.73%. OGE Energy’s payout ratio is 76.36%.

Analysts Set New Price Targets

Several brokerages recently issued reports on OGE. Barclays upped their target price on OGE Energy from $42.00 to $44.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 25th. Evercore ISI raised OGE Energy from an “in-line” rating to an “outperform” rating and upped their target price for the company from $40.00 to $47.00 in a research report on Tuesday, January 21st. Finally, LADENBURG THALM/SH SH raised OGE Energy to a “hold” rating in a research report on Monday. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $45.67.

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.