Tyche Wealth Partners LLC Takes $235,000 Position in OGE Energy Corp. (NYSE:OGE)

Tyche Wealth Partners LLC bought a new stake in OGE Energy Corp. (NYSE:OGE) during the fourth quarter, HoldingsChannel.com reports. The fund bought 6,732 shares of the utilities provider’s stock, valued at approximately $235,000.

A number of other large investors have also added to or reduced their stakes in the company. BlackRock Inc. grew its holdings in OGE Energy by 1.5% during the 1st quarter. BlackRock Inc. now owns 24,046,611 shares of the utilities provider’s stock valued at $905,595,000 after purchasing an additional 345,949 shares in the last quarter. Vanguard Group Inc. grew its holdings in OGE Energy by 1.4% during the 3rd quarter. Vanguard Group Inc. now owns 20,674,150 shares of the utilities provider’s stock valued at $753,780,000 after purchasing an additional 294,759 shares in the last quarter. Moneta Group Investment Advisors LLC grew its holdings in OGE Energy by 98,211.5% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 7,361,568 shares of the utilities provider’s stock valued at $291,150,000 after purchasing an additional 7,354,080 shares in the last quarter. State Street Corp grew its holdings in OGE Energy by 1.5% during the 3rd quarter. State Street Corp now owns 7,122,492 shares of the utilities provider’s stock valued at $259,686,000 after purchasing an additional 103,185 shares in the last quarter. Finally, ClearBridge Investments Ltd grew its holdings in OGE Energy by 3.9% during the 3rd quarter. ClearBridge Investments Ltd now owns 6,684,861 shares of the utilities provider’s stock worth $222,806,000 after acquiring an additional 252,456 shares in the last quarter. 71.84% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have weighed in on OGE. LADENBURG THALM/SH SH lowered shares of OGE Energy from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $36.00 to $34.00 in a report on Tuesday, January 16th. Barclays decreased their price objective on shares of OGE Energy from $35.00 to $34.00 and set an “overweight” rating for the company in a report on Thursday, March 14th. StockNews.com lowered shares of OGE Energy from a “hold” rating to a “sell” rating in a report on Friday, April 5th. Finally, TheStreet lowered shares of OGE Energy from a “b” rating to a “c+” rating in a report on Wednesday, February 21st. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $33.40.

Insider Activity at OGE Energy

In related news, VP Cristina F. Mcquistion sold 4,187 shares of OGE Energy stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $33.92, for a total value of $142,023.04. Following the sale, the vice president now directly owns 25,926 shares in the company, valued at approximately $879,409.92. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.53% of the stock is currently owned by insiders.

OGE Energy Trading Up 0.6 %

NYSE OGE opened at $33.15 on Friday. OGE Energy Corp. has a one year low of $31.25 and a one year high of $38.04. The company has a 50-day simple moving average of $33.47 and a 200-day simple moving average of $34.01. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.30 and a current ratio of 0.65. The firm has a market capitalization of $6.65 billion, a PE ratio of 16.01, a price-to-earnings-growth ratio of 3.09 and a beta of 0.73.

OGE Energy (NYSE:OGE) last posted its quarterly earnings results on Tuesday, February 20th. The utilities provider reported $0.24 EPS for the quarter, beating the consensus estimate of $0.20 by $0.04. OGE Energy had a net margin of 15.59% and a return on equity of 9.37%. The business had revenue of $566.70 million during the quarter, compared to analyst estimates of $986.67 million. During the same period in the previous year, the business posted $0.25 EPS. The company’s quarterly revenue was down 20.4% on a year-over-year basis. On average, equities analysts forecast that OGE Energy Corp. will post 2.13 earnings per share for the current year.

OGE Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 26th. Stockholders of record on Monday, April 8th will be issued a $0.418 dividend. This represents a $1.67 annualized dividend and a dividend yield of 5.04%. The ex-dividend date of this dividend is Friday, April 5th. OGE Energy’s dividend payout ratio (DPR) is presently 80.68%.

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.