33,494 Shares in OGE Energy Corporation $OGE Acquired by Gaddis Premier Wealth Advisors LLC

Gaddis Premier Wealth Advisors LLC acquired a new position in OGE Energy Corporation (NYSE:OGE) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 33,494 shares of the utilities provider’s stock, valued at approximately $1,430,000. OGE Energy makes up approximately 1.1% of Gaddis Premier Wealth Advisors LLC’s holdings, making the stock its 18th biggest holding.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in OGE Energy by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 21,500,675 shares of the utilities provider’s stock worth $918,079,000 after buying an additional 304,080 shares in the last quarter. Boston Partners boosted its holdings in shares of OGE Energy by 0.5% in the third quarter. Boston Partners now owns 6,279,360 shares of the utilities provider’s stock valued at $290,530,000 after acquiring an additional 31,138 shares in the last quarter. Clearbridge Investments LLC boosted its holdings in shares of OGE Energy by 8.3% in the fourth quarter. Clearbridge Investments LLC now owns 6,240,594 shares of the utilities provider’s stock valued at $266,473,000 after acquiring an additional 479,278 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of OGE Energy by 5.6% in the fourth quarter. Geode Capital Management LLC now owns 3,825,542 shares of the utilities provider’s stock valued at $163,397,000 after acquiring an additional 204,510 shares in the last quarter. Finally, Norges Bank bought a new position in shares of OGE Energy in the fourth quarter valued at approximately $119,028,000. 71.84% of the stock is owned by institutional investors.

OGE Energy Trading Down 2.6%

Shares of NYSE:OGE opened at $46.58 on Tuesday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.40 and a current ratio of 0.66. The stock has a market capitalization of $9.61 billion, a price-to-earnings ratio of 20.79, a PEG ratio of 3.54 and a beta of 0.53. OGE Energy Corporation has a 1-year low of $41.69 and a 1-year high of $50.13. The company has a 50 day moving average price of $47.80 and a 200 day moving average price of $45.93.

OGE Energy (NYSE:OGE) last posted its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $0.24 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.24. The firm had revenue of $752.60 million for the quarter, compared to analyst estimates of $616.02 million. OGE Energy had a net margin of 14.03% and a return on equity of 9.47%. The firm’s quarterly revenue was up .7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.31 earnings per share. On average, research analysts anticipate that OGE Energy Corporation will post 2.42 EPS for the current fiscal year.

OGE Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Monday, July 6th will be given a $0.425 dividend. The ex-dividend date is Monday, July 6th. This represents a $1.70 annualized dividend and a yield of 3.6%. OGE Energy’s payout ratio is 75.89%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on OGE. JPMorgan Chase & Co. began coverage on shares of OGE Energy in a report on Friday, March 20th. They issued an “overweight” rating and a $52.00 price objective for the company. Weiss Ratings upgraded shares of OGE Energy from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 4th. LADENBURG THALM/SH SH increased their price objective on shares of OGE Energy from $42.50 to $47.00 and gave the company a “neutral” rating in a report on Monday, May 11th. Barclays increased their price objective on shares of OGE Energy from $49.00 to $51.00 and gave the company an “overweight” rating in a report on Monday, April 20th. Finally, Wells Fargo & Company increased their price objective on shares of OGE Energy from $47.00 to $48.00 and gave the company an “equal weight” rating in a report on Thursday, April 30th. Four equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $49.11.

Insider Transactions at OGE Energy

In other OGE Energy news, insider William H. Sultemeier sold 7,345 shares of OGE Energy stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $47.97, for a total value of $352,339.65. Following the transaction, the insider owned 74,497 shares in the company, valued at approximately $3,573,621.09. The trade was a 8.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.57% of the company’s stock.

OGE Energy Company Profile

OGE Energy Corp. (NYSE:OGE) is an energy and infrastructure holding company headquartered in Oklahoma City, Oklahoma. Through its principal subsidiary, Oklahoma Gas & Electric Company, the company provides regulated electric service to residential, commercial and industrial customers across Oklahoma and western Arkansas. Its diversified generation mix includes coal, natural gas and wind-powered facilities, complemented by ongoing investments in grid modernization and smart technology to enhance reliability and customer satisfaction.

In addition to its core electric utility operations, OGE Energy Corp.