OGE Energy Corp. (NYSE:OGE) Stock Holdings Raised by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its position in shares of OGE Energy Corp. (NYSE:OGE) by 0.4% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,339,833 shares of the utilities provider’s stock after purchasing an additional 4,761 shares during the period. Charles Schwab Investment Management Inc.’s holdings in OGE Energy were worth $54,960,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also modified their holdings of the business. V Square Quantitative Management LLC acquired a new position in shares of OGE Energy during the third quarter valued at $30,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of OGE Energy in the 2nd quarter worth approximately $35,000. Kimelman & Baird LLC acquired a new stake in shares of OGE Energy during the second quarter worth $38,000. Allspring Global Investments Holdings LLC boosted its holdings in shares of OGE Energy by 23.1% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,483 shares of the utilities provider’s stock worth $53,000 after buying an additional 278 shares during the period. Finally, Fortitude Family Office LLC acquired a new stake in shares of OGE Energy in the third quarter worth $63,000. 71.84% of the stock is owned by institutional investors and hedge funds.

OGE Energy Stock Down 0.3 %

NYSE OGE opened at $43.96 on Friday. The stock has a market cap of $8.83 billion, a PE ratio of 22.78, a PEG ratio of 3.98 and a beta of 0.74. 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 Corp. has a twelve month low of $32.06 and a twelve month high of $44.41. The firm has a 50-day simple moving average of $41.50 and a 200 day simple moving average of $38.93.

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 analysts’ consensus estimates of $1.12 by ($0.03). OGE Energy had a return on equity of 8.59% and a net margin of 13.89%. The business had revenue of $965.40 million for the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the prior year, the firm earned $1.20 EPS. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. On average, research analysts forecast that OGE Energy Corp. will post 2.14 EPS for the current year.

OGE Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Monday, October 7th were paid a $0.4213 dividend. This is a positive change from OGE Energy’s previous quarterly dividend of $0.42. This represents a $1.69 annualized dividend and a dividend yield of 3.83%. The ex-dividend date was Monday, October 7th. OGE Energy’s dividend payout ratio is currently 87.05%.

Wall Street Analyst Weigh In

OGE has been the subject of a number of research reports. Evercore ISI lifted their target price on shares of OGE Energy from $36.00 to $40.00 and gave the company an “in-line” rating in a research note on Thursday, August 8th. Jefferies Financial Group started coverage on OGE Energy in a report on Thursday, September 19th. They set a “buy” rating and a $46.00 price target on the stock. Finally, Barclays upped their price target on shares of OGE Energy from $39.00 to $42.00 and gave the company an “equal weight” rating in a report on Monday, October 21st. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, OGE Energy presently has an average rating of “Hold” and an average price target of $40.50.

Insider Activity at OGE Energy

In related news, VP Cristina F. Mcquistion sold 5,008 shares of the firm’s stock in a transaction 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 sale, the vice president now directly owns 20,918 shares of the company’s stock, valued at $896,127.12. This trade represents a 19.32 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.53% of the stock is owned by insiders.

OGE Energy Profile

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.