Coldstream Capital Management Inc. Has $334,000 Stock Holdings in OGE Energy Corp. (NYSE:OGE)

Coldstream Capital Management Inc. raised its stake in OGE Energy Corp. (NYSE:OGE) by 13.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 8,135 shares of the utilities provider’s stock after buying an additional 972 shares during the period. Coldstream Capital Management Inc.’s holdings in OGE Energy were worth $334,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in OGE. Allspring Global Investments Holdings LLC increased its stake in shares of OGE Energy by 23.1% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,483 shares of the utilities provider’s stock valued at $53,000 after acquiring an additional 278 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its holdings in shares of OGE Energy by 3.1% in the second quarter. B. Riley Wealth Advisors Inc. now owns 9,579 shares of the utilities provider’s stock valued at $342,000 after purchasing an additional 290 shares in the last quarter. Centennial Wealth Advisory LLC boosted its position in shares of OGE Energy by 3.8% during the third quarter. Centennial Wealth Advisory LLC now owns 8,120 shares of the utilities provider’s stock valued at $333,000 after buying an additional 300 shares during the last quarter. Fifth Third Bancorp raised its position in OGE Energy by 3.2% in the 2nd quarter. Fifth Third Bancorp now owns 9,856 shares of the utilities provider’s stock valued at $352,000 after buying an additional 303 shares during the last quarter. Finally, Blue Trust Inc. raised its holdings in shares of OGE Energy by 12.8% in the second quarter. Blue Trust Inc. now owns 2,742 shares of the utilities provider’s stock valued at $94,000 after purchasing an additional 312 shares during the last quarter. 71.84% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other OGE Energy news, VP Cristina F. Mcquistion sold 5,008 shares of the company’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 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.53% of the stock is currently owned by insiders.

OGE Energy Stock Up 0.0 %

Shares of OGE Energy stock opened at $42.05 on Monday. The company has a 50-day simple moving average of $41.81 and a two-hundred day simple moving average of $39.40. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.51 and a current ratio of 0.86. OGE Energy Corp. has a 52-week low of $32.06 and a 52-week high of $44.41. The stock has a market capitalization of $8.45 billion, a PE ratio of 21.79, a price-to-earnings-growth ratio of 3.80 and a beta of 0.77.

OGE Energy (NYSE:OGE) last issued its quarterly earnings data on Tuesday, November 5th. The utilities provider reported $1.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.03). The business had revenue of $965.40 million for the quarter, compared to the consensus estimate of $1.02 billion. OGE Energy had a net margin of 13.89% and a return on equity of 8.59%. The company’s revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.20 EPS. On average, analysts anticipate that OGE Energy Corp. will post 2.14 EPS for the current fiscal year.

OGE Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Monday, January 6th will be paid a dividend of $0.4213 per share. This represents a $1.69 dividend on an annualized basis and a yield of 4.01%. The ex-dividend date of this dividend is Monday, January 6th. OGE Energy’s payout ratio is 87.05%.

Analyst Ratings Changes

OGE has been the topic of a number of research analyst reports. Jefferies Financial Group assumed coverage on shares of OGE Energy in a report on Thursday, September 19th. They issued a “buy” rating and a $46.00 price target on the stock. Barclays lifted their price target on OGE Energy from $39.00 to $42.00 and gave the company an “equal weight” rating in a research report on Monday, October 21st. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $40.50.

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.