Asset Management One Co. Ltd. Invests $1.50 Million in OGE Energy Corp. (NYSE:OGE)

Asset Management One Co. Ltd. acquired a new position in shares of OGE Energy Corp. (NYSE:OGE - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 36,232 shares of the utilities provider's stock, valued at approximately $1,496,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in OGE. Mather Group LLC. increased its holdings in OGE Energy by 20.9% in the fourth quarter. Mather Group LLC. now owns 1,616 shares of the utilities provider's stock valued at $67,000 after purchasing an additional 279 shares during the period. Centennial Wealth Advisory LLC boosted its position in shares of OGE Energy by 3.8% during the 3rd quarter. Centennial Wealth Advisory LLC now owns 8,120 shares of the utilities provider's stock worth $333,000 after purchasing an additional 300 shares in the last quarter. US Bancorp DE boosted its position in shares of OGE Energy by 1.8% during the 3rd quarter. US Bancorp DE now owns 24,335 shares of the utilities provider's stock worth $998,000 after purchasing an additional 419 shares in the last quarter. Gries Financial LLC lifted its position in OGE Energy by 1.7% in 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. Finally, UMB Bank n.a. lifted its position in OGE Energy by 6.7% in the 4th quarter. UMB Bank n.a. now owns 8,209 shares of the utilities provider's stock valued at $339,000 after acquiring an additional 515 shares in the last quarter. 71.84% of the stock is currently owned by institutional investors and hedge funds.

OGE Energy Price Performance

Shares of OGE stock traded up $0.89 during mid-day trading on Friday, hitting $45.19. The company had a trading volume of 1,442,663 shares, compared to its average volume of 919,178. The company has a market capitalization of $9.08 billion, a P/E ratio of 20.54, a P/E/G ratio of 3.28 and a beta of 0.78. The stock's 50 day moving average price is $42.05 and its 200-day moving average price is $41.31. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.86 and a quick ratio of 0.51. OGE Energy Corp. has a 52-week low of $32.37 and a 52-week high of $45.32.

OGE Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, April 7th will be paid a $0.4213 dividend. This represents a $1.69 annualized dividend and a dividend yield of 3.73%. The ex-dividend date of this dividend is Monday, April 7th. OGE Energy's dividend payout ratio is currently 76.36%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on OGE. Evercore ISI upgraded shares of OGE Energy from an "in-line" rating to an "outperform" rating and lifted their price objective for the company from $40.00 to $47.00 in a research note on Tuesday, January 21st. Barclays reduced their price target on shares of OGE Energy from $43.00 to $42.00 and set an "equal weight" rating on the stock in a research report on Friday, January 24th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, OGE Energy presently has a consensus rating of "Hold" and a consensus target price of $45.00.

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.