Xponance Inc. Has $940,000 Stake in OGE Energy Corp. (NYSE:OGE)

Xponance Inc. grew its stake in shares of OGE Energy Corp. (NYSE:OGE) by 5.2% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 22,785 shares of the utilities provider’s stock after buying an additional 1,131 shares during the period. Xponance Inc.’s holdings in OGE Energy were worth $940,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in OGE. Stonebridge Financial Group LLC bought a new position in OGE Energy in the fourth quarter worth $35,000. Principal Securities Inc. boosted its position in shares of OGE Energy by 204.7% during the 4th quarter. Principal Securities Inc. now owns 981 shares of the utilities provider’s stock valued at $40,000 after acquiring an additional 659 shares in the last quarter. BankPlus Trust Department acquired a new stake in OGE Energy during the fourth quarter valued at approximately $44,000. Mather Group LLC. boosted its stake in OGE Energy by 20.9% in the 4th quarter. Mather Group LLC. now owns 1,616 shares of the utilities provider’s stock valued at $67,000 after buying an additional 279 shares in the last quarter. Finally, Allworth Financial LP grew its holdings in shares of OGE Energy by 185.8% in the 4th quarter. Allworth Financial LP now owns 1,815 shares of the utilities provider’s stock worth $77,000 after purchasing an additional 1,180 shares during the last quarter. Institutional investors own 71.84% of the company’s stock.

OGE Energy Price Performance

Shares of OGE opened at $44.95 on Monday. The company has a current ratio of 0.73, a quick ratio of 0.51 and a debt-to-equity ratio of 1.08. The stock has a market cap of $9.05 billion, a P/E ratio of 20.43, a price-to-earnings-growth ratio of 3.30 and a beta of 0.70. The stock’s 50-day moving average price is $43.65 and its two-hundred day moving average price is $42.16. OGE Energy Corp. has a 1 year low of $32.37 and a 1 year high of $46.54.

OGE Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, April 7th will be issued a dividend of $0.4213 per share. This represents a $1.69 dividend on an annualized basis and a yield of 3.75%. The ex-dividend date of this dividend is Monday, April 7th. OGE Energy’s dividend payout ratio is currently 76.36%.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. LADENBURG THALM/SH SH upgraded OGE Energy to a “hold” rating in a research report on Monday, March 17th. Barclays upped their target price on shares of OGE Energy from $42.00 to $44.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 25th. Finally, Evercore ISI raised OGE Energy from an “in-line” rating to an “outperform” rating and lifted their target price for the company from $40.00 to $47.00 in a research note on Tuesday, January 21st. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $45.67.

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.