Alps Advisors Inc. Acquires 52,454 Shares of OGE Energy Corporation $OGE

Alps Advisors Inc. boosted its holdings in OGE Energy Corporation (NYSE:OGE) by 73.7% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 123,632 shares of the utilities provider’s stock after acquiring an additional 52,454 shares during the quarter. Alps Advisors Inc. owned 0.06% of OGE Energy worth $5,720,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Morningstar Investment Management LLC purchased a new position in shares of OGE Energy during the second quarter worth approximately $391,000. AE Wealth Management LLC grew its holdings in shares of OGE Energy by 4.7% during the 3rd quarter. AE Wealth Management LLC now owns 356,485 shares of the utilities provider’s stock valued at $16,495,000 after purchasing an additional 16,058 shares during the last quarter. Ashton Thomas Private Wealth LLC grew its holdings in shares of OGE Energy by 302.8% during the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 58,392 shares of the utilities provider’s stock valued at $2,702,000 after purchasing an additional 43,895 shares during the last quarter. First Citizens Bank & Trust Co. raised its position in OGE Energy by 274.7% in the 2nd quarter. First Citizens Bank & Trust Co. now owns 17,644 shares of the utilities provider’s stock worth $783,000 after purchasing an additional 12,935 shares during the period. Finally, Pacer Advisors Inc. lifted its stake in OGE Energy by 390.6% in the third quarter. Pacer Advisors Inc. now owns 36,805 shares of the utilities provider’s stock worth $1,703,000 after purchasing an additional 29,303 shares during the last quarter. Hedge funds and other institutional investors own 71.84% of the company’s stock.

OGE Energy Price Performance

Shares of OGE stock opened at $44.31 on Tuesday. The firm has a market cap of $8.93 billion, a P/E ratio of 17.79, a P/E/G ratio of 2.59 and a beta of 0.62. OGE Energy Corporation has a fifty-two week low of $40.80 and a fifty-two week high of $47.33. The business’s 50 day moving average price is $43.19 and its 200-day moving average price is $44.42. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.52 and a current ratio of 0.80.

OGE Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Monday, January 5th were paid a dividend of $0.425 per share. The ex-dividend date of this dividend was Monday, January 5th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 3.8%. OGE Energy’s payout ratio is presently 68.27%.

Wall Street Analysts Forecast Growth

OGE has been the topic of a number of recent research reports. BMO Capital Markets initiated coverage on OGE Energy in a research note on Tuesday, January 13th. They set a “market perform” rating and a $45.00 price objective on the stock. Jefferies Financial Group raised their price target on OGE Energy from $52.00 to $55.00 and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of OGE Energy in a research note on Friday, January 23rd. UBS Group dropped their price objective on OGE Energy from $45.00 to $44.00 and set a “neutral” rating for the company in a research note on Wednesday, December 17th. Finally, Barclays decreased their target price on shares of OGE Energy from $51.00 to $49.00 and set an “overweight” rating on the stock in a research note on Thursday, January 22nd. Four equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $47.13.

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.