John G Ullman & Associates Inc. Sells 13,664 Shares of OGE Energy Corporation $OGE

John G Ullman & Associates Inc. trimmed its stake in OGE Energy Corporation (NYSE:OGE) by 2.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 485,435 shares of the utilities provider’s stock after selling 13,664 shares during the quarter. OGE Energy accounts for 3.1% of John G Ullman & Associates Inc.’s portfolio, making the stock its 5th largest position. John G Ullman & Associates Inc.’s holdings in OGE Energy were worth $23,281,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. Root Financial Partners LLC grew its position in OGE Energy by 111.3% during the first quarter. Root Financial Partners LLC now owns 598 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 315 shares in the last quarter. Quest 10 Wealth Builders Inc. lifted its position in OGE Energy by 618.3% in the 4th quarter. Quest 10 Wealth Builders Inc. now owns 783 shares of the utilities provider’s stock worth $33,000 after buying an additional 674 shares in the last quarter. State of Wyoming purchased a new stake in OGE Energy in the 2nd quarter worth approximately $34,000. Capital Advisors Ltd. LLC boosted its stake in shares of OGE Energy by 14,780.0% during the 1st quarter. Capital Advisors Ltd. LLC now owns 744 shares of the utilities provider’s stock valued at $36,000 after buying an additional 739 shares during the period. Finally, Caitong International Asset Management Co. Ltd boosted its stake in shares of OGE Energy by 49.4% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 771 shares of the utilities provider’s stock valued at $36,000 after buying an additional 255 shares during the period. 71.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at OGE Energy

In other OGE Energy news, insider William H. Sultemeier sold 7,345 shares of the business’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $47.97, for a total value of $352,339.65. Following the completion of the sale, the insider owned 74,497 shares of the company’s stock, valued at $3,573,621.09. The trade was a 8.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.57% of the stock is owned by corporate insiders.

OGE Energy Stock Performance

OGE stock opened at $48.66 on Friday. The firm has a 50 day moving average of $47.99 and a two-hundred day moving average of $46.87. OGE Energy Corporation has a 12 month low of $41.69 and a 12 month high of $50.26. The company has a market capitalization of $10.04 billion, a price-to-earnings ratio of 21.72, a P/E/G ratio of 3.65 and a beta of 0.53. The company has a quick ratio of 0.40, a current ratio of 0.66 and a debt-to-equity ratio of 1.09.

OGE Energy (NYSE:OGE) last released its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $0.24 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.24. The business had revenue of $752.60 million during the quarter, compared to analyst estimates of $616.02 million. OGE Energy had a net margin of 14.03% and a return on equity of 9.47%. OGE Energy’s quarterly revenue was up .7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.31 EPS. As a group, equities analysts anticipate that OGE Energy Corporation will post 2.43 EPS for the current fiscal year.

OGE Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Monday, July 6th will be issued a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a yield of 3.5%. The ex-dividend date is Monday, July 6th. OGE Energy’s dividend payout ratio (DPR) is 75.89%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on OGE shares. LADENBURG THALM/SH SH boosted their price target on shares of OGE Energy from $42.50 to $47.00 and gave the company a “neutral” rating in a report on Monday, May 11th. Wells Fargo & Company increased their price objective on OGE Energy from $47.00 to $48.00 and gave the stock an “equal weight” rating in a report on Thursday, April 30th. Barclays lifted their price objective on OGE Energy from $51.00 to $52.00 and gave the company an “overweight” rating in a research report on Tuesday. Wall Street Zen downgraded OGE Energy from a “hold” rating to a “sell” rating in a research note on Sunday, June 21st. Finally, Weiss Ratings raised OGE Energy from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 4th. Four investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $49.30.

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.