Callan Family Office LLC Makes New Investment in OGE Energy Corporation $OGE

Callan Family Office LLC purchased a new stake in OGE Energy Corporation (NYSE:OGE - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 6,361 shares of the utilities provider's stock, valued at approximately $282,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Alpine Bank Wealth Management acquired a new position in OGE Energy in the 1st quarter worth $31,000. First Command Advisory Services Inc. acquired a new position in OGE Energy in the 1st quarter worth $36,000. Clearstead Trust LLC acquired a new position in OGE Energy in the 1st quarter worth $42,000. Brooklyn Investment Group boosted its stake in OGE Energy by 725.5% in the 1st quarter. Brooklyn Investment Group now owns 908 shares of the utilities provider's stock worth $42,000 after purchasing an additional 798 shares during the period. Finally, Tompkins Financial Corp boosted its stake in OGE Energy by 42.9% in the 2nd quarter. Tompkins Financial Corp now owns 1,000 shares of the utilities provider's stock worth $44,000 after purchasing an additional 300 shares during the period. Institutional investors and hedge funds own 71.84% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on OGE. UBS Group upped their target price on shares of OGE Energy from $46.00 to $47.00 and gave the stock a "neutral" rating in a research note on Friday, October 10th. Wall Street Zen raised shares of OGE Energy from a "sell" rating to a "hold" rating in a research note on Sunday, September 7th. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of OGE Energy in a research note on Wednesday, October 8th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $47.00.

OGE Energy Stock Down 1.4%

Shares of OGE opened at $46.40 on Friday. OGE Energy Corporation has a 52 week low of $39.10 and a 52 week high of $47.33. The firm has a market cap of $9.34 billion, a P/E ratio of 19.02, a price-to-earnings-growth ratio of 3.27 and a beta of 0.59. The firm's 50-day simple moving average is $45.07 and its 200 day simple moving average is $44.67. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.48 and a current ratio of 0.78.

OGE Energy (NYSE:OGE - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The utilities provider reported $0.53 EPS for the quarter, missing analysts' consensus estimates of $0.58 by ($0.05). OGE Energy had a net margin of 15.27% and a return on equity of 10.60%. The company had revenue of $741.60 million during the quarter, compared to analyst estimates of $719.97 million. During the same quarter last year, the company posted $0.51 EPS. The firm's quarterly revenue was up 11.9% on a year-over-year basis. On average, analysts forecast that OGE Energy Corporation will post 2.27 earnings per share for the current year.

OGE Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Monday, October 6th will be given a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date is Monday, October 6th. This is a boost from OGE Energy's previous quarterly dividend of $0.42. OGE Energy's dividend payout ratio (DPR) is currently 69.67%.

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.

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