Atria Wealth Solutions Inc. Invests $1.68 Million in OGE Energy Corp. (NYSE:OGE)

Atria Wealth Solutions Inc. acquired 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 institutional investor acquired 40,698 shares of the utilities provider’s stock, valued at approximately $1,679,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Mather Group LLC. increased its stake in 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 buying an additional 279 shares in the last quarter. CIBC Asset Management Inc increased its stake in OGE Energy by 5.1% in the 4th quarter. CIBC Asset Management Inc now owns 6,038 shares of the utilities provider’s stock worth $249,000 after buying an additional 295 shares in the last quarter. Centennial Wealth Advisory LLC increased its stake in OGE Energy by 3.8% in the 3rd quarter. Centennial Wealth Advisory LLC now owns 8,120 shares of the utilities provider’s stock worth $333,000 after buying an additional 300 shares in the last quarter. US Bancorp DE increased its stake in OGE Energy by 1.8% in the 3rd quarter. US Bancorp DE now owns 24,335 shares of the utilities provider’s stock worth $998,000 after buying an additional 419 shares in the last quarter. Finally, Gries Financial LLC increased its stake in OGE Energy by 1.7% in the 4th quarter. Gries Financial LLC now owns 30,877 shares of the utilities provider’s stock worth $1,274,000 after buying an additional 514 shares in the last quarter. 71.84% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

OGE has been the subject of a number of analyst reports. Barclays cut their price target on OGE Energy from $43.00 to $42.00 and set an “equal weight” rating for the company in a research note on Friday, January 24th. Evercore ISI upgraded OGE Energy from an “in-line” rating to an “outperform” rating and increased their price target for the stock from $40.00 to $47.00 in a research note on Tuesday, January 21st. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, OGE Energy currently has an average rating of “Hold” and a consensus target price of $45.00.

OGE Energy Stock Up 2.0 %

OGE opened at $45.19 on Friday. The firm has a 50-day simple moving average of $42.12 and a two-hundred day simple moving average of $41.37. OGE Energy Corp. has a 52 week low of $32.37 and a 52 week high of $45.32. The company has a market capitalization of $9.09 billion, a PE ratio of 20.54, a price-to-earnings-growth ratio of 3.30 and a beta of 0.78. The company has a quick ratio of 0.51, a current ratio of 0.73 and a debt-to-equity ratio of 1.08.

OGE Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, April 7th will be issued a dividend of $0.4213 per share. This represents a $1.69 annualized dividend and a dividend yield of 3.73%. The ex-dividend date is Monday, April 7th. OGE Energy’s dividend payout ratio (DPR) is presently 76.36%.

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.