Strategic Financial Concepts LLC Takes Position in OGE Energy Corp. (NYSE:OGE)

Strategic Financial Concepts LLC bought a new position in OGE Energy Corp. (NYSE:OGE) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 198,660 shares of the utilities provider’s stock, valued at approximately $8,195,000.

Other large investors have also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC bought a new position in shares of OGE Energy in the third quarter valued at approximately $30,000. Stonebridge Financial Group LLC acquired a new position in OGE Energy in the 4th quarter valued at $35,000. Principal Securities Inc. raised its holdings in 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 during the period. Fortitude Family Office LLC acquired a new position in OGE Energy during the 3rd quarter worth $63,000. Finally, Mather Group LLC. boosted its holdings in OGE Energy by 20.9% during the fourth quarter. Mather Group LLC. now owns 1,616 shares of the utilities provider’s stock valued at $67,000 after acquiring an additional 279 shares during the period. Institutional investors own 71.84% of the company’s stock.

OGE Energy Stock Performance

NYSE:OGE opened at $43.54 on Friday. The firm’s 50-day moving average is $41.90 and its 200-day moving average is $41.20. The company has a market cap of $8.75 billion, a price-to-earnings ratio of 22.56, a PEG ratio of 3.18 and a beta of 0.78. 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 52-week low of $32.37 and a 52-week high of $44.41.

OGE Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Monday, January 6th were paid a dividend of $0.4213 per share. The ex-dividend date of this dividend was Monday, January 6th. This represents a $1.69 annualized dividend and a yield of 3.87%. OGE Energy’s dividend payout ratio is 87.05%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on OGE shares. Evercore ISI upgraded OGE Energy from an “in-line” rating to an “outperform” rating and lifted their price objective for the stock from $40.00 to $47.00 in a research note on Tuesday, January 21st. Barclays lowered their target price on OGE Energy from $43.00 to $42.00 and set an “equal weight” rating on the stock in a report on Friday, January 24th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price 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.