Everhart Financial Group Inc. Buys 1,073 Shares of OGE Energy Corp. (NYSE:OGE)

Everhart Financial Group Inc. increased its stake in shares of OGE Energy Corp. (NYSE:OGE) by 8.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 14,463 shares of the utilities provider’s stock after purchasing an additional 1,073 shares during the quarter. Everhart Financial Group Inc.’s holdings in OGE Energy were worth $597,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. International Assets Investment Management LLC lifted its holdings in OGE Energy by 3,834.0% in the 3rd quarter. International Assets Investment Management LLC now owns 748,608 shares of the utilities provider’s stock worth $30,708,000 after buying an additional 729,579 shares during the period. Verition Fund Management LLC lifted its holdings in OGE Energy by 25.2% in the 3rd quarter. Verition Fund Management LLC now owns 1,318,556 shares of the utilities provider’s stock worth $54,087,000 after buying an additional 265,115 shares during the period. Strategic Financial Concepts LLC purchased a new stake in OGE Energy in the 4th quarter worth approximately $8,195,000. State Street Corp lifted its holdings in OGE Energy by 2.8% in the 3rd quarter. State Street Corp now owns 6,836,303 shares of the utilities provider’s stock worth $280,425,000 after buying an additional 185,069 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC lifted its holdings in OGE Energy by 34.1% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 605,590 shares of the utilities provider’s stock worth $24,841,000 after buying an additional 154,000 shares during the period. 71.84% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

OGE has been the subject of several research analyst reports. Evercore ISI upgraded OGE Energy from an “in-line” rating to an “outperform” rating and increased their price objective for the stock from $40.00 to $47.00 in a report on Tuesday, January 21st. Barclays lowered their target price 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. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $45.00.

OGE Energy Trading Down 0.4 %

OGE opened at $43.54 on Monday. The stock has a market cap of $8.75 billion, a PE ratio of 22.56, a PEG ratio of 3.18 and a beta of 0.78. The company has a quick ratio of 0.51, a current ratio of 0.86 and a debt-to-equity ratio of 1.09. The business has a 50 day moving average of $41.90 and a 200-day moving average of $41.21. OGE Energy Corp. has a 52 week low of $32.37 and a 52 week high of $44.41.

OGE Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Monday, January 6th were paid a $0.4213 dividend. This represents a $1.69 dividend on an annualized basis and a dividend yield of 3.87%. The ex-dividend date was Monday, January 6th. OGE Energy’s payout ratio is presently 87.05%.

OGE Energy 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.