Transcendent Capital Group LLC Sells 305 Shares of OGE Energy Corp. (NYSE:OGE)

Transcendent Capital Group LLC lowered its stake in shares of OGE Energy Corp. (NYSE:OGE) by 0.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 36,783 shares of the utilities provider’s stock after selling 305 shares during the quarter. Transcendent Capital Group LLC’s holdings in OGE Energy were worth $1,517,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Raymond James & Associates boosted its holdings in shares of OGE Energy by 4.1% in the 3rd quarter. Raymond James & Associates now owns 233,437 shares of the utilities provider’s stock valued at $9,576,000 after buying an additional 9,255 shares in the last quarter. International Assets Investment Management LLC boosted 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 in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in OGE Energy by 10.3% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 14,978 shares of the utilities provider’s stock worth $614,000 after purchasing an additional 1,404 shares during the last quarter. DekaBank Deutsche Girozentrale increased its position in shares of OGE Energy by 14.8% during the third quarter. DekaBank Deutsche Girozentrale now owns 9,425 shares of the utilities provider’s stock worth $381,000 after purchasing an additional 1,214 shares in the last quarter. Finally, State of Alaska Department of Revenue lifted its holdings in shares of OGE Energy by 0.5% during the 3rd quarter. State of Alaska Department of Revenue now owns 300,775 shares of the utilities provider’s stock valued at $12,337,000 after purchasing an additional 1,580 shares during the last quarter. Hedge funds and other institutional investors own 71.84% of the company’s stock.

OGE Energy Trading Down 0.1 %

NYSE:OGE opened at $45.15 on Tuesday. The company has a current ratio of 0.73, a quick ratio of 0.51 and a debt-to-equity ratio of 1.08. The firm has a fifty day simple moving average of $42.18 and a 200-day simple moving average of $41.43. OGE Energy Corp. has a 12 month low of $32.37 and a 12 month high of $45.60. The company has a market capitalization of $9.08 billion, a P/E ratio of 20.52, a PEG ratio of 3.30 and a beta of 0.78.

OGE Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, April 7th will be given 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 yield of 3.73%. OGE Energy’s dividend payout ratio is currently 76.36%.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Barclays reduced 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. Evercore ISI upgraded OGE Energy from an “in-line” rating to an “outperform” rating and boosted their price target for the stock from $40.00 to $47.00 in a research note on Tuesday, January 21st. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $45.00.

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.