Marietta Wealth Management LLC Buys 587 Shares of OGE Energy Corp. (OGE)
Marietta Wealth Management LLC increased its stake in OGE Energy Corp. (NYSE:OGE) by 5.7% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,799 shares of the utilities provider’s stock after buying an additional 587 shares during the period. Marietta Wealth Management LLC’s holdings in OGE Energy were worth $423,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Robeco Institutional Asset Management B.V. grew its stake in shares of OGE Energy by 71.6% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 449,311 shares of the utilities provider’s stock worth $16,322,000 after buying an additional 187,516 shares during the last quarter. Shell Asset Management Co. boosted its stake in OGE Energy by 25.4% during the 3rd quarter. Shell Asset Management Co. now owns 97,993 shares of the utilities provider’s stock valued at $3,559,000 after purchasing an additional 19,863 shares during the last quarter. Quantamental Technologies LLC purchased a new stake in OGE Energy during the 4th quarter valued at $439,000. Panagora Asset Management Inc. boosted its stake in OGE Energy by 2,180.6% during the 3rd quarter. Panagora Asset Management Inc. now owns 508,925 shares of the utilities provider’s stock valued at $18,484,000 after purchasing an additional 486,610 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its stake in OGE Energy by 2.5% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 110,243 shares of the utilities provider’s stock valued at $4,103,000 after purchasing an additional 2,678 shares during the last quarter. Institutional investors own 63.97% of the company’s stock.
OGE has been the topic of several recent analyst reports. ValuEngine upgraded OGE Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, November 13th. Zacks Investment Research reiterated a “hold” rating on shares of OGE Energy in a research note on Monday, December 31st. Guggenheim downgraded OGE Energy from a “buy” rating to a “neutral” rating in a research note on Monday, January 7th. They noted that the move was a valuation call. Bank of America downgraded OGE Energy from a “buy” rating to a “neutral” rating and set a $39.00 target price on the stock. in a research note on Tuesday, November 27th. They noted that the move was a valuation call. Finally, Barclays set a $37.00 target price on OGE Energy and gave the company a “sell” rating in a research note on Saturday, November 17th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $36.80.
Shares of OGE opened at $41.26 on Monday. The firm has a market cap of $8.24 billion, a price-to-earnings ratio of 21.49, a price-to-earnings-growth ratio of 3.74 and a beta of 0.57. OGE Energy Corp. has a 12 month low of $29.66 and a 12 month high of $41.80. The company has a current ratio of 0.76, a quick ratio of 0.53 and a debt-to-equity ratio of 0.72.
OGE Energy (NYSE:OGE) last released its quarterly earnings results on Thursday, November 8th. The utilities provider reported $1.02 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.94 by $0.08. The firm had revenue of $698.80 million for the quarter, compared to the consensus estimate of $745.58 million. OGE Energy had a return on equity of 11.01% and a net margin of 29.45%. The company’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same period last year, the business posted $0.92 EPS. On average, equities research analysts expect that OGE Energy Corp. will post 2.08 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, January 30th. Stockholders of record on Thursday, January 10th were paid a $0.365 dividend. The ex-dividend date was Wednesday, January 9th. This represents a $1.46 dividend on an annualized basis and a dividend yield of 3.54%. OGE Energy’s dividend payout ratio (DPR) is currently 76.04%.
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OGE Energy Profile
OGE Energy Corp., together with its subsidiaries, operates as an energy and energy services provider that offers physical delivery and related services for electricity and natural gas primarily in the south central United States. The company operates in two segments, Electric Utility and Natural Gas Midstream Operations.
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