Bank of New York Mellon Corp Has $100.54 Million Stock Holdings in OGE Energy Corp. (NYSE:OGE)

Bank of New York Mellon Corp trimmed its position in OGE Energy Corp. (NYSE:OGE - Free Report) by 2.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,437,217 shares of the utilities provider's stock after selling 57,563 shares during the quarter. Bank of New York Mellon Corp owned 1.21% of OGE Energy worth $100,535,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in OGE. Verition Fund Management LLC boosted its stake in shares of OGE Energy by 25.2% in the 3rd quarter. Verition Fund Management LLC now owns 1,318,556 shares of the utilities provider's stock valued at $54,087,000 after purchasing an additional 265,115 shares in the last quarter. Strategic Financial Concepts LLC bought a new stake in shares of OGE Energy during the fourth quarter valued at approximately $8,195,000. State Street Corp increased its stake in shares of OGE Energy by 2.8% in the 3rd quarter. State Street Corp now owns 6,836,303 shares of the utilities provider's stock valued at $280,425,000 after buying an additional 185,069 shares during the period. Allianz Asset Management GmbH boosted its holdings in OGE Energy by 15.8% in the fourth quarter. Allianz Asset Management GmbH now owns 1,230,591 shares of the utilities provider's stock valued at $50,762,000 after acquiring an additional 168,323 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC raised its holdings in OGE Energy by 34.1% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 605,590 shares of the utilities provider's stock worth $24,841,000 after purchasing an additional 154,000 shares during the last quarter. Institutional investors and hedge funds own 71.84% of the company's stock.

OGE Energy Stock Down 1.1 %

NYSE OGE traded down $0.48 on Wednesday, reaching $44.65. The company had a trading volume of 1,531,400 shares, compared to its average volume of 1,130,313. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.51 and a current ratio of 0.73. The firm has a market capitalization of $8.98 billion, a price-to-earnings ratio of 20.29, a price-to-earnings-growth ratio of 3.30 and a beta of 0.70. The company's fifty day moving average is $42.71 and its 200-day moving average is $41.70. OGE Energy Corp. has a 1-year low of $32.37 and a 1-year high of $46.54.

OGE Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, April 7th will be given a $0.4213 dividend. This represents a $1.69 dividend on an annualized basis and a dividend yield of 3.77%. The ex-dividend date of this dividend is Monday, April 7th. OGE Energy's dividend payout ratio is presently 76.36%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Barclays upped their price objective on OGE Energy from $42.00 to $44.00 and gave the company an "equal weight" rating in a report on Tuesday, February 25th. Evercore ISI raised OGE Energy from an "in-line" rating to an "outperform" rating and raised their price objective for the stock from $40.00 to $47.00 in a research note on Tuesday, January 21st. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $45.67.

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.