OGE Energy Corp. (NYSE:OGE) is John G Ullman & Associates Inc.’s 5th Largest Position

John G Ullman & Associates Inc. lowered its position in OGE Energy Corp. (NYSE:OGE) by 1.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 556,980 shares of the utilities provider’s stock after selling 10,600 shares during the quarter. OGE Energy makes up approximately 2.9% of John G Ullman & Associates Inc.’s portfolio, making the stock its 5th biggest position. John G Ullman & Associates Inc. owned about 0.28% of OGE Energy worth $19,104,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. EverSource Wealth Advisors LLC boosted its stake in OGE Energy by 178.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 762 shares of the utilities provider’s stock worth $27,000 after buying an additional 488 shares in the last quarter. Pinnacle Bancorp Inc. boosted its stake in shares of OGE Energy by 392.8% during the first quarter. Pinnacle Bancorp Inc. now owns 823 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 656 shares during the period. Voisard Asset Management Group Inc. purchased a new stake in shares of OGE Energy during the fourth quarter valued at approximately $36,000. Advantage Trust Co purchased a new stake in shares of OGE Energy during the fourth quarter valued at approximately $49,000. Finally, Headlands Technologies LLC boosted its stake in shares of OGE Energy by 441.9% during the fourth quarter. Headlands Technologies LLC now owns 1,436 shares of the utilities provider’s stock valued at $50,000 after purchasing an additional 1,171 shares during the period. Hedge funds and other institutional investors own 71.84% of the company’s stock.

OGE Energy Stock Up 2.4 %

OGE traded up $0.87 during trading on Thursday, reaching $36.61. The stock had a trading volume of 985,322 shares, compared to its average volume of 1,469,693. The stock’s 50 day moving average is $35.78 and its two-hundred day moving average is $34.46. The company has a current ratio of 0.51, a quick ratio of 0.23 and a debt-to-equity ratio of 0.96. The company has a market capitalization of $7.34 billion, a price-to-earnings ratio of 18.58, a P/E/G ratio of 3.30 and a beta of 0.74. OGE Energy Corp. has a one year low of $31.25 and a one year high of $37.30.

OGE Energy (NYSE:OGE) last posted its quarterly earnings data on Wednesday, May 1st. The utilities provider reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.26). OGE Energy had a return on equity of 8.89% and a net margin of 14.63%. The firm had revenue of $596.80 million during the quarter, compared to the consensus estimate of $607.37 million. During the same quarter last year, the company posted $0.19 EPS. OGE Energy’s revenue for the quarter was up 7.0% compared to the same quarter last year. As a group, analysts expect that OGE Energy Corp. will post 2.13 earnings per share for the current year.

OGE Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 26th. Stockholders of record on Monday, July 8th will be issued a dividend of $0.418 per share. The ex-dividend date is Monday, July 8th. This represents a $1.67 annualized dividend and a dividend yield of 4.57%. OGE Energy’s payout ratio is presently 84.77%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on OGE. Barclays increased their price objective on OGE Energy from $34.00 to $35.00 and gave the company an “equal weight” rating in a research note on Tuesday, June 18th. Argus lowered OGE Energy from a “buy” rating to a “hold” rating in a research note on Thursday, May 23rd. Finally, StockNews.com raised OGE Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, April 23rd. Six research analysts have rated the stock with a hold rating, Based on data from MarketBeat, OGE Energy presently has a consensus rating of “Hold” and an average price target of $33.60.

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.