OGE Energy Corp. (NYSE:OGE) Shares Sold by Tyche Wealth Partners LLC

Tyche Wealth Partners LLC reduced its position in OGE Energy Corp. (NYSE:OGE) by 7.9% in the 4th quarter, Holdings Channel.com reports. The fund owned 6,200 shares of the utilities provider’s stock after selling 532 shares during the quarter. Tyche Wealth Partners LLC’s holdings in OGE Energy were worth $256,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Mather Group LLC. boosted its holdings in shares of OGE Energy by 20.9% in the fourth quarter. Mather Group LLC. now owns 1,616 shares of the utilities provider’s stock valued at $67,000 after acquiring an additional 279 shares during the period. Centennial Wealth Advisory LLC boosted its holdings in shares of OGE Energy by 3.8% in the third quarter. Centennial Wealth Advisory LLC now owns 8,120 shares of the utilities provider’s stock valued at $333,000 after acquiring an additional 300 shares during the period. UMB Bank n.a. boosted its holdings in shares of OGE Energy by 5.3% in the third quarter. UMB Bank n.a. now owns 7,694 shares of the utilities provider’s stock valued at $316,000 after acquiring an additional 390 shares during the period. US Bancorp DE lifted its holdings in shares of OGE Energy by 1.8% during the third quarter. US Bancorp DE now owns 24,335 shares of the utilities provider’s stock worth $998,000 after purchasing an additional 419 shares during the period. Finally, Gries Financial LLC lifted its holdings in shares of OGE Energy by 1.7% during the fourth quarter. Gries Financial LLC now owns 30,877 shares of the utilities provider’s stock worth $1,274,000 after purchasing an additional 514 shares during the period. 71.84% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at OGE Energy

In other OGE Energy news, VP Cristina F. Mcquistion sold 5,008 shares of the firm’s 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 owns 20,918 shares of the company’s stock, valued at approximately $896,127.12. This trade represents a 19.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.53% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on OGE. Barclays decreased their price target on OGE Energy from $43.00 to $42.00 and set an “equal weight” rating for the company in a report on Friday, January 24th. Evercore ISI raised 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 report on Tuesday, January 21st. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, OGE Energy has a consensus rating of “Hold” and an average target price of $45.00.

OGE Energy Price Performance

Shares of NYSE OGE opened at $42.52 on Friday. OGE Energy Corp. has a 1-year low of $32.06 and a 1-year high of $44.41. 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 stock has a fifty day moving average price of $41.87 and a 200 day moving average price of $40.95. The company has a market cap of $8.55 billion, a PE ratio of 22.03, a P/E/G ratio of 3.15 and a beta of 0.78.

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

OGE Energy Dividend Announcement

The firm also recently announced 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 dividend on an annualized basis and a yield of 3.96%. The ex-dividend date was Monday, January 6th. OGE Energy’s dividend payout ratio (DPR) is currently 87.05%.

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.