Texas Permanent School Fund Corp Sells 6,248 Shares of OGE Energy Corp. (NYSE:OGE)

Texas Permanent School Fund Corp lowered its position in shares of OGE Energy Corp. (NYSE:OGEFree Report) by 3.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 170,102 shares of the utilities provider’s stock after selling 6,248 shares during the quarter. Texas Permanent School Fund Corp’s holdings in OGE Energy were worth $5,670,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in OGE. Lazard Asset Management LLC acquired a new stake in shares of OGE Energy during the 2nd quarter worth approximately $28,000. Sunbelt Securities Inc. bought a new stake in shares of OGE Energy in the 1st quarter valued at about $32,000. Authentikos Wealth Advisory LLC acquired a new stake in shares of OGE Energy in the 3rd quarter valued at approximately $43,000. Avior Wealth Management LLC increased its position in shares of OGE Energy by 572.5% in the 3rd quarter. Avior Wealth Management LLC now owns 1,466 shares of the utilities provider’s stock valued at $49,000 after buying an additional 1,248 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its holdings in OGE Energy by 45.0% during the second quarter. Jones Financial Companies Lllp now owns 1,417 shares of the utilities provider’s stock worth $51,000 after acquiring an additional 440 shares in the last quarter. Institutional investors and hedge funds own 66.99% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Barclays lowered their price target on OGE Energy from $38.00 to $35.00 and set an “overweight” rating for the company in a report on Monday, January 22nd. LADENBURG THALM/SH SH cut shares of OGE Energy from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $36.00 to $34.00 in a report on Tuesday, January 16th. StockNews.com cut OGE Energy from a “hold” rating to a “sell” rating in a research report on Friday, January 26th. Finally, Mizuho boosted their price target on OGE Energy from $34.00 to $35.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 28th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $34.50.

View Our Latest Stock Analysis on OGE Energy

OGE Energy Trading Up 0.6 %

Shares of NYSE:OGE opened at $32.66 on Monday. OGE Energy Corp. has a 52-week low of $31.25 and a 52-week high of $39.09. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.56 and a current ratio of 0.82. The company has a market capitalization of $6.54 billion, a P/E ratio of 15.70, a price-to-earnings-growth ratio of 3.84 and a beta of 0.74. The company has a 50-day simple moving average of $34.40 and a 200 day simple moving average of $34.38.

OGE Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 26th. Stockholders of record on Monday, January 8th were given a $0.4182 dividend. The ex-dividend date of this dividend was Friday, January 5th. This represents a $1.67 dividend on an annualized basis and a dividend yield of 5.12%. OGE Energy’s payout ratio is 80.29%.

OGE Energy Company Profile

(Free Report)

OGE Energy Corp., together with its subsidiaries, operates as an energy and energy services provider that offers physical delivery and related services in the United States. It operates through Electric Company Operations and Natural Gas Midstream segments. The company generates, transmits, distributes, and sells electric energy.

Further Reading

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Institutional Ownership by Quarter for OGE Energy (NYSE:OGE)

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