OGE Energy Corporation $OGE Stock Position Trimmed by Advisors Asset Management Inc.

Advisors Asset Management Inc. trimmed its position in shares of OGE Energy Corporation (NYSE:OGE) by 27.8% in the third quarter, HoldingsChannel reports. The firm owned 31,552 shares of the utilities provider’s stock after selling 12,135 shares during the period. Advisors Asset Management Inc.’s holdings in OGE Energy were worth $1,460,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently made changes to their positions in the company. Capital A Wealth Management LLC boosted its position in shares of OGE Energy by 5,157.1% during the second quarter. Capital A Wealth Management LLC now owns 736 shares of the utilities provider’s stock worth $33,000 after buying an additional 722 shares during the period. State of Wyoming acquired a new stake in OGE Energy in the 2nd quarter valued at approximately $34,000. Golden State Wealth Management LLC raised its stake in OGE Energy by 427.0% during the 2nd quarter. Golden State Wealth Management LLC now owns 780 shares of the utilities provider’s stock valued at $35,000 after acquiring an additional 632 shares in the last quarter. Quent Capital LLC bought a new stake in OGE Energy during the 3rd quarter valued at $43,000. Finally, MTM Investment Management LLC acquired a new position in OGE Energy during the 2nd quarter worth $51,000. Institutional investors and hedge funds own 71.84% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on OGE. BMO Capital Markets initiated coverage on shares of 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. Wells Fargo & Company cut shares of OGE Energy from an “equal weight” rating to an “underweight” rating and lowered their target price for the company from $45.00 to $39.00 in a research note on Tuesday, January 20th. Barclays reduced their price target on shares of OGE Energy from $51.00 to $49.00 and set an “overweight” rating for the company in a research note on Thursday, January 22nd. Royal Bank Of Canada reiterated a “sector perform” rating on shares of OGE Energy in a report on Friday, January 23rd. Finally, UBS Group lowered their price objective on shares of OGE Energy from $45.00 to $44.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 17th. Four investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $47.13.

OGE Energy Stock Performance

Shares of OGE opened at $46.99 on Tuesday. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.80 and a quick ratio of 0.52. The firm’s 50 day moving average is $43.43 and its 200-day moving average is $44.47. OGE Energy Corporation has a 12-month low of $40.80 and a 12-month high of $47.33. The stock has a market capitalization of $9.47 billion, a P/E ratio of 18.87, a P/E/G ratio of 2.77 and a beta of 0.62.

OGE Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 30th. Shareholders of record on Monday, January 5th were issued a $0.425 dividend. The ex-dividend date of this dividend was Monday, January 5th. This represents a $1.70 annualized dividend and a dividend yield of 3.6%. OGE Energy’s dividend payout ratio is currently 68.27%.

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.