5,595 Shares in OGE Energy Corp. (NYSE:OGE) Purchased by Diametric Capital LP

Diametric Capital LP purchased a new stake in shares of OGE Energy Corp. (NYSE:OGE - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 5,595 shares of the utilities provider's stock, valued at approximately $231,000.

Several other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in shares of OGE Energy by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 21,413,588 shares of the utilities provider's stock worth $883,311,000 after acquiring an additional 203,129 shares during the last quarter. State Street Corp lifted its position in OGE Energy by 2.8% during the third quarter. State Street Corp now owns 6,836,303 shares of the utilities provider's stock valued at $280,425,000 after purchasing an additional 185,069 shares in the last quarter. Boston Partners grew its holdings in OGE Energy by 6.6% during the fourth quarter. Boston Partners now owns 4,182,795 shares of the utilities provider's stock valued at $172,554,000 after purchasing an additional 258,989 shares during the period. Geode Capital Management LLC increased its position in OGE Energy by 1.2% in the third quarter. Geode Capital Management LLC now owns 3,349,471 shares of the utilities provider's stock worth $137,433,000 after buying an additional 40,733 shares in the last quarter. Finally, Duff & Phelps Investment Management Co. raised its stake in shares of OGE Energy by 11.7% in the fourth quarter. Duff & Phelps Investment Management Co. now owns 2,089,289 shares of the utilities provider's stock worth $86,183,000 after buying an additional 218,509 shares during the period. Institutional investors own 71.84% of the company's stock.

Remove Ads

OGE Energy Price Performance

Shares of OGE Energy stock traded down $2.31 during trading on Friday, reaching $43.69. 3,237,912 shares of the stock traded hands, compared to its average volume of 1,167,640. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.73 and a quick ratio of 0.51. The company has a market capitalization of $8.80 billion, a price-to-earnings ratio of 19.86, a P/E/G ratio of 3.30 and a beta of 0.57. OGE Energy Corp. has a 52-week low of $32.37 and a 52-week high of $46.91. The business has a fifty day simple moving average of $44.27 and a two-hundred day simple moving average of $42.50.

OGE Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, April 7th will be paid a dividend of $0.4213 per share. This represents a $1.69 dividend on an annualized basis and a yield of 3.86%. The ex-dividend date of this dividend is Monday, April 7th. OGE Energy's payout ratio is 76.36%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on OGE shares. LADENBURG THALM/SH SH upgraded shares of OGE Energy to a "hold" rating in a research report on Monday, March 17th. Evercore ISI upgraded OGE Energy from an "in-line" rating to an "outperform" rating and increased their price target for the stock from $40.00 to $47.00 in a research note on Tuesday, January 21st. Finally, Barclays increased their target price 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. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, OGE Energy presently has an average rating of "Hold" and an average target price of $45.67.

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.