John G Ullman & Associates Inc. Sells 13,664 Shares of OGE Energy Corporation $OGE

John G Ullman & Associates Inc. cut its holdings in OGE Energy Corporation (NYSE:OGE) by 2.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 485,435 shares of the utilities provider’s stock after selling 13,664 shares during the quarter. OGE Energy comprises about 3.1% of John G Ullman & Associates Inc.’s investment portfolio, making the stock its 5th biggest holding. John G Ullman & Associates Inc. owned 0.24% of OGE Energy worth $23,281,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Root Financial Partners LLC grew its stake in shares of OGE Energy by 111.3% in the 1st quarter. Root Financial Partners LLC now owns 598 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 315 shares during the last quarter. Capital Advisors Ltd. LLC lifted its stake in OGE Energy by 14,780.0% during the first quarter. Capital Advisors Ltd. LLC now owns 744 shares of the utilities provider’s stock valued at $36,000 after purchasing an additional 739 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its stake in OGE Energy by 49.4% during the third quarter. Caitong International Asset Management Co. Ltd now owns 771 shares of the utilities provider’s stock valued at $36,000 after purchasing an additional 255 shares during the last quarter. State of Wyoming bought a new stake in OGE Energy during the second quarter worth approximately $34,000. Finally, Quest 10 Wealth Builders Inc. boosted its holdings in OGE Energy by 618.3% during the fourth quarter. Quest 10 Wealth Builders Inc. now owns 783 shares of the utilities provider’s stock worth $33,000 after buying an additional 674 shares in the last quarter. 71.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have issued reports on OGE. Morgan Stanley started coverage on shares of OGE Energy in a research report on Wednesday, June 24th. They issued an “equal weight” rating and a $50.00 price target on the stock. Barclays increased their price objective on OGE Energy from $51.00 to $52.00 and gave the company an “overweight” rating in a research report on Tuesday. Wells Fargo & Company raised their price objective on OGE Energy from $47.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 30th. JPMorgan Chase & Co. assumed coverage on OGE Energy in a report on Friday, March 20th. They issued an “overweight” rating and a $52.00 target price on the stock. Finally, Wall Street Zen lowered OGE Energy from a “hold” rating to a “sell” rating in a research report on Sunday, June 21st. Four investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $49.30.

OGE Energy Stock Performance

Shares of OGE opened at $48.66 on Friday. The company has a 50-day moving average of $47.99 and a two-hundred day moving average of $46.87. The stock has a market cap of $10.04 billion, a price-to-earnings ratio of 21.72, a PEG ratio of 3.65 and a beta of 0.53. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.66 and a quick ratio of 0.40. OGE Energy Corporation has a one year low of $41.69 and a one year high of $50.26.

OGE Energy (NYSE:OGE) last released its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $0.24 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.24. The business had revenue of $752.60 million for the quarter, compared to analyst estimates of $616.02 million. OGE Energy had a net margin of 14.03% and a return on equity of 9.47%. The firm’s revenue was up .7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.31 earnings per share. On average, equities research analysts expect that OGE Energy Corporation will post 2.43 earnings per share for the current year.

OGE Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Monday, July 6th will be paid a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Monday, July 6th. OGE Energy’s payout ratio is 75.89%.

Insider Transactions at OGE Energy

In other news, insider William H. Sultemeier sold 7,345 shares of the stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $47.97, for a total value of $352,339.65. Following the completion of the sale, the insider owned 74,497 shares in the company, valued at $3,573,621.09. This represents a 8.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.57% of the stock is currently owned by company insiders.

About OGE Energy

OGE Energy Corp. (NYSE:OGE) is an energy and infrastructure holding company headquartered in Oklahoma City, Oklahoma. Through its principal subsidiary, Oklahoma Gas & Electric Company, the company provides regulated electric service to residential, commercial and industrial customers across Oklahoma and western Arkansas. Its diversified generation mix includes coal, natural gas and wind-powered facilities, complemented by ongoing investments in grid modernization and smart technology to enhance reliability and customer satisfaction.

In addition to its core electric utility operations, OGE Energy Corp.