HUB Investment Partners LLC Sells 2,326 Shares of OGE Energy Corp. (NYSE:OGE)

HUB Investment Partners LLC cut its stake in shares of OGE Energy Corp. (NYSE:OGE) by 1.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 154,246 shares of the utilities provider’s stock after selling 2,326 shares during the quarter. HUB Investment Partners LLC owned about 0.08% of OGE Energy worth $6,363,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Mather Group LLC. boosted its position in OGE Energy by 20.9% in the fourth quarter. Mather Group LLC. now owns 1,616 shares of the utilities provider’s stock worth $67,000 after purchasing an additional 279 shares during the last quarter. CIBC Asset Management Inc raised its stake in OGE Energy by 5.1% during the 4th quarter. CIBC Asset Management Inc now owns 6,038 shares of the utilities provider’s stock valued at $249,000 after purchasing an additional 295 shares during the period. Gries Financial LLC raised its stake in OGE Energy by 1.7% during the 4th quarter. Gries Financial LLC now owns 30,877 shares of the utilities provider’s stock valued at $1,274,000 after purchasing an additional 514 shares during the period. UMB Bank n.a. raised its stake in OGE Energy by 6.7% during the 4th quarter. UMB Bank n.a. now owns 8,209 shares of the utilities provider’s stock valued at $339,000 after purchasing an additional 515 shares during the period. Finally, Arizona State Retirement System raised its stake in OGE Energy by 1.0% during the 4th quarter. Arizona State Retirement System now owns 58,296 shares of the utilities provider’s stock valued at $2,405,000 after purchasing an additional 549 shares during the period. 71.84% of the stock is owned by hedge funds and other institutional investors.

OGE Energy Price Performance

OGE opened at $45.17 on Thursday. The business has a fifty day moving average of $43.45 and a 200 day moving average of $42.07. 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 stock has a market cap of $9.09 billion, a P/E ratio of 20.53, a PEG ratio of 3.30 and a beta of 0.70.

OGE Energy Dividend Announcement

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

Analyst Upgrades and Downgrades

OGE has been the topic of several recent analyst reports. LADENBURG THALM/SH SH raised OGE Energy to a “hold” rating in a research note on Monday. Evercore ISI raised 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. Finally, Barclays lifted their price objective on OGE Energy from $42.00 to $44.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 25th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $45.67.

OGE Energy Company 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.