Fourpath Capital Management LLC Boosts Stock Position in OGE Energy Corp. (NYSE:OGE)

Fourpath Capital Management LLC grew its position in OGE Energy Corp. (NYSE:OGE) by 3.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,756 shares of the utilities provider’s stock after buying an additional 1,623 shares during the period. Fourpath Capital Management LLC’s holdings in OGE Energy were worth $2,094,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in OGE. New Wave Wealth Advisors LLC purchased a new position in shares of OGE Energy during the fourth quarter worth $80,000. Gries Financial LLC raised its holdings in shares of OGE Energy by 1.7% in 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 in the last quarter. Foundations Investment Advisors LLC boosted its position in shares of OGE Energy by 41.6% during the 4th quarter. Foundations Investment Advisors LLC now owns 14,743 shares of the utilities provider’s stock worth $608,000 after acquiring an additional 4,328 shares in the last quarter. KBC Group NV boosted its holdings in OGE Energy by 55.2% in the fourth quarter. KBC Group NV now owns 7,795 shares of the utilities provider’s stock valued at $322,000 after purchasing an additional 2,774 shares in the last quarter. Finally, UMB Bank n.a. grew its position in shares of OGE Energy by 6.7% in the 4th quarter. UMB Bank n.a. now owns 8,209 shares of the utilities provider’s stock valued at $339,000 after buying an additional 515 shares during the last quarter. Hedge funds and other institutional investors own 71.84% of the company’s stock.

OGE Energy Stock Up 0.2 %

OGE stock opened at $42.33 on Tuesday. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.86 and a quick ratio of 0.51. The company’s 50 day simple moving average is $41.96 and its 200-day simple moving average is $40.89. The firm has a market capitalization of $8.51 billion, a PE ratio of 21.93, a P/E/G ratio of 3.15 and a beta of 0.77. OGE Energy Corp. has a 12 month low of $32.06 and a 12 month high of $44.41.

OGE Energy (NYSE:OGE) last posted its quarterly earnings data on Tuesday, November 5th. The utilities provider reported $1.09 earnings per share for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.03). The firm had revenue of $965.40 million during the quarter, compared to analyst estimates of $1.02 billion. OGE Energy had a net margin of 13.89% and a return on equity of 8.59%. The business’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.20 EPS. Equities analysts expect that OGE Energy Corp. will post 2.17 earnings per share for the current fiscal year.

OGE Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, January 6th were issued a $0.4213 dividend. This represents a $1.69 annualized dividend and a yield of 3.98%. The ex-dividend date of this dividend was Monday, January 6th. OGE Energy’s dividend payout ratio (DPR) is 87.05%.

Insiders Place Their Bets

In related news, VP Cristina F. Mcquistion sold 5,008 shares of the stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $42.84, for a total value of $214,542.72. Following the completion of the sale, the vice president now directly owns 20,918 shares in the company, valued at approximately $896,127.12. This represents a 19.32 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.53% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Barclays reduced their price objective 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 raised OGE Energy from an “in-line” rating to an “outperform” rating and upped their price objective for the stock from $40.00 to $47.00 in a report on Tuesday, January 21st. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, OGE Energy presently has an average rating of “Hold” and a consensus target price of $45.00.

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.