Savvy Advisors Inc. Invests $719,000 in OGE Energy Corp. (NYSE:OGE)

Savvy Advisors Inc. purchased a new position in OGE Energy Corp. (NYSE:OGE - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 17,430 shares of the utilities provider's stock, valued at approximately $719,000.

Several other institutional investors have also recently made changes to their positions in the stock. Headlands Technologies LLC bought a new position in shares of OGE Energy in the fourth quarter worth approximately $27,000. Bessemer Group Inc. lifted its holdings in OGE Energy by 102.0% in the 4th quarter. Bessemer Group Inc. now owns 715 shares of the utilities provider's stock worth $30,000 after purchasing an additional 361 shares in the last quarter. Stonebridge Financial Group LLC purchased a new stake in OGE Energy during the 4th quarter valued at approximately $35,000. Principal Securities Inc. lifted its holdings in shares of OGE Energy by 204.7% in the fourth quarter. Principal Securities Inc. now owns 981 shares of the utilities provider's stock worth $40,000 after buying an additional 659 shares in the last quarter. Finally, BankPlus Trust Department bought a new stake in OGE Energy in the 4th quarter valued at $44,000. Institutional investors own 71.84% of the company's stock.

OGE Energy Trading Up 0.7 %

OGE Energy stock traded up $0.31 during trading hours on Friday, hitting $45.01. The company had a trading volume of 887,360 shares, compared to its average volume of 1,170,066. OGE Energy Corp. has a 1 year low of $33.25 and a 1 year high of $46.91. The firm has a market cap of $9.06 billion, a P/E ratio of 20.46, a P/E/G ratio of 3.30 and a beta of 0.57. The company has a 50-day moving average price of $44.53 and a two-hundred day moving average price of $42.70. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.51 and a current ratio of 0.73.

OGE Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, April 7th will be given a dividend of $0.4213 per share. This represents a $1.69 dividend on an annualized basis and a yield of 3.74%. The ex-dividend date is Monday, April 7th. OGE Energy's dividend payout ratio (DPR) is 76.36%.

Analyst Ratings Changes

Several brokerages have recently issued reports on OGE. Evercore ISI raised OGE Energy from an "in-line" rating to an "outperform" rating and lifted their target price for the stock from $40.00 to $47.00 in a report on Tuesday, January 21st. LADENBURG THALM/SH SH upgraded shares of OGE Energy to a "hold" rating in a research report on Monday, March 17th. Argus raised shares of OGE Energy from a "hold" rating to a "buy" rating and set a $47.00 price target for the company in a report on Friday, April 11th. Finally, Barclays raised their price target on OGE Energy from $42.00 to $44.00 and gave the stock an "equal weight" rating in a research report on Tuesday, February 25th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $46.00.

OGE Energy Profile

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.