TCG Advisory Services LLC Has $5.38 Million Stake in OGE Energy Corp. (NYSE:OGE)

TCG Advisory Services LLC boosted its holdings in shares of OGE Energy Corp. (NYSE:OGE) by 2,422.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 154,030 shares of the utilities provider’s stock after buying an additional 147,923 shares during the period. TCG Advisory Services LLC owned about 0.08% of OGE Energy worth $5,380,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Authentikos Wealth Advisory LLC acquired a new stake in shares of OGE Energy during the 3rd quarter valued at about $43,000. Headlands Technologies LLC grew its stake in shares of OGE Energy by 441.9% in the 4th 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. GAMMA Investing LLC bought a new stake in shares of OGE Energy in the 4th quarter valued at approximately $66,000. Mitsubishi UFJ Trust & Banking Corp bought a new position in shares of OGE Energy during the 3rd quarter worth approximately $105,000. Finally, DekaBank Deutsche Girozentrale bought a new position in shares of OGE Energy during the 3rd quarter worth approximately $134,000. Institutional investors own 71.84% of the company’s stock.

Wall Street Analysts Forecast Growth

OGE has been the subject of several recent analyst reports. LADENBURG THALM/SH SH lowered OGE Energy from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $36.00 to $34.00 in a research note on Tuesday, January 16th. Barclays downgraded shares of OGE Energy from an “overweight” rating to an “equal weight” rating and set a $34.00 price target for the company. in a report on Monday, April 22nd. TheStreet cut shares of OGE Energy from a “b” rating to a “c+” rating in a research note on Wednesday, February 21st. Finally, StockNews.com upgraded shares of OGE Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, April 23rd. Five analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, OGE Energy has an average rating of “Hold” and a consensus target price of $33.40.

OGE Energy Price Performance

OGE traded up $0.16 during midday trading on Friday, hitting $35.18. The company had a trading volume of 1,549,718 shares, compared to its average volume of 1,617,650. OGE Energy Corp. has a twelve month low of $31.25 and a twelve month high of $38.04. The company has a market capitalization of $7.06 billion, a PE ratio of 17.86, a P/E/G ratio of 3.30 and a beta of 0.72. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.30 and a current ratio of 0.51. The firm’s 50-day simple moving average is $33.81 and its 200-day simple moving average is $34.11.

OGE Energy (NYSE:OGE) last issued its quarterly earnings results on Wednesday, May 1st. The utilities provider reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.26). The company had revenue of $596.80 million during the quarter, compared to analyst estimates of $607.37 million. OGE Energy had a net margin of 14.63% and a return on equity of 8.89%. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.19 EPS. Equities research analysts predict that OGE Energy Corp. will post 2.13 EPS for the current fiscal year.

OGE Energy Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 26th. Investors of record on Monday, April 8th were issued a $0.418 dividend. This represents a $1.67 annualized dividend and a yield of 4.75%. The ex-dividend date of this dividend was Friday, April 5th. OGE Energy’s dividend payout ratio is 84.77%.

Insider Buying and Selling

In related news, VP Cristina F. Mcquistion sold 4,187 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $33.92, for a total transaction of $142,023.04. Following the completion of the sale, the vice president now directly owns 25,926 shares of the company’s stock, valued at $879,409.92. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.53% of the company’s stock.

About OGE Energy

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.