International Private Wealth Advisors LLC Purchases 1,273 Shares of OGE Energy Corp. (NYSE:OGE)

International Private Wealth Advisors LLC boosted its position in shares of OGE Energy Corp. (NYSE:OGE) by 19.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,983 shares of the utilities provider’s stock after acquiring an additional 1,273 shares during the period. International Private Wealth Advisors LLC’s holdings in OGE Energy were worth $367,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Headlands Technologies LLC purchased a new stake in shares of OGE Energy during the 4th quarter valued at $27,000. Bessemer Group Inc. increased its position in OGE Energy by 102.0% during the 4th quarter. Bessemer Group Inc. now owns 715 shares of the utilities provider’s stock valued at $30,000 after buying an additional 361 shares in the last quarter. Stonebridge Financial Group LLC purchased a new stake in OGE Energy in the fourth quarter valued at about $35,000. Principal Securities Inc. raised its stake in OGE Energy by 204.7% in the fourth quarter. Principal Securities Inc. now owns 981 shares of the utilities provider’s stock valued at $40,000 after buying an additional 659 shares during the last quarter. Finally, BankPlus Trust Department acquired a new stake in OGE Energy in the fourth quarter worth about $44,000. 71.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Barclays upgraded shares of OGE Energy from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $45.00 to $47.00 in a report on Thursday. Argus upgraded shares of OGE Energy from a “hold” rating to a “buy” rating and set a $47.00 price target on the stock in a research note on Friday, April 11th. LADENBURG THALM/SH SH raised shares of OGE Energy to a “hold” rating in a report on Friday, May 9th. Finally, Wells Fargo & Company boosted their price objective on shares of OGE Energy from $46.00 to $47.00 and gave the company an “equal weight” rating in a report on Thursday, May 1st. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, OGE Energy presently has an average rating of “Moderate Buy” and a consensus price target of $46.80.

Insider Buying and Selling

In other OGE Energy news, insider William H. Sultemeier sold 6,650 shares of OGE Energy stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $45.54, for a total value of $302,841.00. Following the completion of the transaction, the insider now owns 72,548 shares of the company’s stock, valued at approximately $3,303,835.92. The trade was a 8.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Donnie O. Jones sold 11,351 shares of the stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $44.06, for a total transaction of $500,125.06. Following the sale, the vice president now directly owns 43,932 shares in the company, valued at approximately $1,935,643.92. The trade was a 20.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.55% of the stock is owned by corporate insiders.

OGE Energy Price Performance

Shares of NYSE OGE opened at $43.80 on Monday. OGE Energy Corp. has a 52 week low of $34.84 and a 52 week high of $46.91. The business’s 50 day moving average price is $44.35 and its 200 day moving average price is $43.54. 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 firm has a market cap of $8.82 billion, a P/E ratio of 19.91, a P/E/G ratio of 3.30 and a beta of 0.59.

OGE Energy (NYSE:OGE) last announced its quarterly earnings data on Wednesday, April 30th. The utilities provider reported $0.31 EPS for the quarter, beating the consensus estimate of $0.22 by $0.09. The business had revenue of $747.70 million during the quarter, compared to analysts’ expectations of $695.59 million. OGE Energy had a net margin of 14.79% and a return on equity of 9.71%. The business’s quarterly revenue was up 25.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.09 EPS. On average, sell-side analysts expect that OGE Energy Corp. will post 2.27 earnings per share for the current year.

OGE Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Shareholders of record on Monday, July 7th will be given a dividend of $0.4213 per share. This represents a $1.69 annualized dividend and a yield of 3.85%. The ex-dividend date of this dividend is Monday, July 7th. OGE Energy’s dividend payout ratio is currently 69.42%.

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.