OGE Energy Corp. (NYSE:OGE) Position Reduced by American Century Companies Inc.

American Century Companies Inc. lessened its position in OGE Energy Corp. (NYSE:OGE - Free Report) by 52.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 125,816 shares of the utilities provider's stock after selling 136,314 shares during the period. American Century Companies Inc. owned approximately 0.06% of OGE Energy worth $5,190,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Mather Group LLC. raised its holdings in shares of OGE Energy by 20.9% during the fourth quarter. Mather Group LLC. now owns 1,616 shares of the utilities provider's stock valued at $67,000 after buying an additional 279 shares during the last quarter. CIBC Asset Management Inc increased its position in OGE Energy by 5.1% in the 4th quarter. CIBC Asset Management Inc now owns 6,038 shares of the utilities provider's stock valued at $249,000 after acquiring an additional 295 shares during the period. Gries Financial LLC raised its stake in OGE Energy by 1.7% during the 4th quarter. Gries Financial LLC now owns 30,877 shares of the utilities provider's stock valued at $1,274,000 after acquiring an additional 514 shares in the last quarter. UMB Bank n.a. boosted its position in OGE Energy by 6.7% during the 4th quarter. UMB Bank n.a. now owns 8,209 shares of the utilities provider's stock worth $339,000 after acquiring an additional 515 shares during the period. Finally, Arizona State Retirement System grew its stake in shares of OGE Energy by 1.0% in the fourth quarter. Arizona State Retirement System now owns 58,296 shares of the utilities provider's stock worth $2,405,000 after purchasing an additional 549 shares in the last quarter. 71.84% of the stock is currently owned by institutional investors.

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OGE Energy Price Performance

NYSE:OGE traded up $1.27 during mid-day trading on Wednesday, reaching $43.50. 1,762,879 shares of the stock were exchanged, compared to its average volume of 1,174,596. The company has a current ratio of 0.73, a quick ratio of 0.51 and a debt-to-equity ratio of 1.08. The business has a fifty day moving average price of $44.31 and a 200 day moving average price of $42.56. OGE Energy Corp. has a 1-year low of $32.37 and a 1-year high of $46.91. The firm has a market capitalization of $8.76 billion, a PE ratio of 19.77, a PEG ratio of 3.30 and a beta of 0.57.

OGE Energy Announces Dividend

The firm also recently announced 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 annualized dividend and a yield of 3.87%. The ex-dividend date of this dividend is Monday, April 7th. OGE Energy's dividend payout ratio is presently 76.36%.

Analyst Ratings Changes

OGE has been the topic of a number of recent analyst reports. LADENBURG THALM/SH SH upgraded shares of OGE Energy to a "hold" rating in a research note on Monday, March 17th. Evercore ISI upgraded shares of OGE Energy from an "in-line" rating to an "outperform" rating and boosted their price target for the stock from $40.00 to $47.00 in a research report on Tuesday, January 21st. Finally, Barclays upped their price target on shares of OGE Energy from $42.00 to $44.00 and gave the stock an "equal weight" rating in a research note on Tuesday, February 25th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, OGE Energy has a consensus rating of "Hold" and an average price target of $45.67.

OGE Energy Company 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.