OGE Energy (NYSE:OGE) Given New $44.00 Price Target at Barclays

OGE Energy (NYSE:OGE - Free Report) had its price target increased by Barclays from $42.00 to $44.00 in a report published on Tuesday,Benzinga reports. Barclays currently has an equal weight rating on the utilities provider's stock.

Separately, Evercore ISI upgraded OGE Energy from an "in-line" rating to an "outperform" rating and raised their target price for the company 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 given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $45.67.

OGE Energy Trading Up 2.4 %

NYSE OGE traded up $1.11 during trading on Tuesday, hitting $46.26. The company had a trading volume of 1,710,178 shares, compared to its average volume of 1,128,800. The company's fifty day moving average is $42.43 and its 200-day moving average is $41.52. OGE Energy has a one year low of $32.37 and a one year high of $46.35. 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 company has a market cap of $9.30 billion, a price-to-earnings ratio of 21.03, a price-to-earnings-growth ratio of 3.30 and a beta of 0.78.

OGE Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, April 7th will be issued a $0.4213 dividend. This represents a $1.69 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date is Monday, April 7th. OGE Energy's dividend payout ratio (DPR) is presently 76.36%.

Hedge Funds Weigh In On OGE Energy

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Raymond James & Associates increased its position in OGE Energy by 4.1% during the 3rd quarter. Raymond James & Associates now owns 233,437 shares of the utilities provider's stock valued at $9,576,000 after buying an additional 9,255 shares in the last quarter. International Assets Investment Management LLC grew its stake in shares of OGE Energy by 3,834.0% in the third quarter. International Assets Investment Management LLC now owns 748,608 shares of the utilities provider's stock worth $30,708,000 after acquiring an additional 729,579 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of OGE Energy by 10.3% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 14,978 shares of the utilities provider's stock valued at $614,000 after acquiring an additional 1,404 shares in the last quarter. DekaBank Deutsche Girozentrale raised its position in shares of OGE Energy by 14.8% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 9,425 shares of the utilities provider's stock worth $381,000 after purchasing an additional 1,214 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its stake in OGE Energy by 3.1% in the 3rd quarter. Nisa Investment Advisors LLC now owns 253,025 shares of the utilities provider's stock worth $10,379,000 after purchasing an additional 7,700 shares in the last quarter. Institutional investors own 71.84% of the company's stock.

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.