SeaCrest Wealth Management LLC purchased a new position in shares of OGE Energy Corp. (NYSE:OGE) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 8,369 shares of the utilities provider’s stock, valued at approximately $275,000.

Several other institutional investors have also recently added to or reduced their stakes in OGE. Stifel Financial Corp boosted its stake in shares of OGE Energy by 7.1% during the 2nd quarter. Stifel Financial Corp now owns 23,917 shares of the utilities provider’s stock worth $827,000 after purchasing an additional 1,580 shares during the last quarter. HighTower Advisors LLC boosted its stake in shares of OGE Energy by 9.4% during the 2nd quarter. HighTower Advisors LLC now owns 24,324 shares of the utilities provider’s stock worth $844,000 after purchasing an additional 2,081 shares during the last quarter. Prudential PLC boosted its position in shares of OGE Energy by 11.5% in the second quarter. Prudential PLC now owns 8,700 shares of the utilities provider’s stock worth $303,000 after acquiring an additional 900 shares during the last quarter. Janus Henderson Group PLC boosted its position in shares of OGE Energy by 4,697.0% in the second quarter. Janus Henderson Group PLC now owns 990,059 shares of the utilities provider’s stock worth $34,444,000 after acquiring an additional 969,420 shares during the last quarter. Finally, Shell Asset Management Co. boosted its position in shares of OGE Energy by 33.0% in the third quarter. Shell Asset Management Co. now owns 56,322 shares of the utilities provider’s stock worth $2,090,000 after acquiring an additional 13,982 shares during the last quarter. 62.23% of the stock is currently owned by institutional investors.

In related news, VP Patricia D. Horn sold 10,051 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $35.56, for a total value of $357,413.56. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.48% of the company’s stock.

Shares of OGE Energy Corp. (NYSE:OGE) opened at $30.39 on Friday. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.63 and a quick ratio of 0.46. OGE Energy Corp. has a 12-month low of $29.59 and a 12-month high of $37.40. The stock has a market cap of $6,069.03, a P/E ratio of 15.91, a P/E/G ratio of 2.85 and a beta of 0.84.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 30th. Investors of record on Wednesday, January 10th were issued a $0.3325 dividend. The ex-dividend date was Tuesday, January 9th. This represents a $1.33 annualized dividend and a yield of 4.38%. OGE Energy’s payout ratio is 69.63%.

Several equities research analysts recently issued reports on the stock. Bank of America assumed coverage on shares of OGE Energy in a research report on Tuesday, October 24th. They issued an “underperform” rating and a $37.00 target price on the stock. Edward Jones cut shares of OGE Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, December 27th. Zacks Investment Research cut shares of OGE Energy from a “hold” rating to a “sell” rating in a research report on Friday, December 22nd. UBS Group assumed coverage on shares of OGE Energy in a research report on Friday, February 2nd. They issued a “neutral” rating and a $33.00 target price on the stock. Finally, Goldman Sachs Group raised shares of OGE Energy from a “neutral” rating to a “buy” rating and set a $38.00 target price on the stock in a research report on Wednesday, January 10th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $36.67.

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OGE Energy Company Profile

OGE Energy Corp. (OGE Energy) is an energy and energy services provider offering physical delivery and related services for both electricity and natural gas primarily in the south central United States. The Company operates through two segments: electric utility and natural gas midstream operations. The electric utility segment generates, transmits, distributes and sells electric energy in Oklahoma and western Arkansas.

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Institutional Ownership by Quarter for OGE Energy (NYSE:OGE)

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