Boston Partners Acquires 258,989 Shares of OGE Energy Corp. (NYSE:OGE)

Boston Partners boosted its stake in shares of OGE Energy Corp. (NYSE:OGE - Free Report) by 6.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,182,795 shares of the utilities provider's stock after purchasing an additional 258,989 shares during the quarter. Boston Partners owned about 2.08% of OGE Energy worth $172,554,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. GSA Capital Partners LLP acquired a new position in shares of OGE Energy during the third quarter worth approximately $392,000. Victory Capital Management Inc. grew its position in OGE Energy by 17.5% in the third quarter. Victory Capital Management Inc. now owns 344,654 shares of the utilities provider's stock valued at $14,138,000 after acquiring an additional 51,437 shares during the period. Oppenheimer & Co. Inc. grew its holdings in shares of OGE Energy by 35.5% during the third quarter. Oppenheimer & Co. Inc. now owns 27,142 shares of the utilities provider's stock worth $1,113,000 after purchasing an additional 7,113 shares during the last quarter. KBC Group NV grew its holdings in shares of OGE Energy by 13.2% during the third quarter. KBC Group NV now owns 5,021 shares of the utilities provider's stock worth $206,000 after purchasing an additional 584 shares during the last quarter. Finally, CIBC Asset Management Inc bought a new stake in shares of OGE Energy during the third quarter worth $236,000. Institutional investors own 71.84% of the company's stock.

OGE Energy Stock Down 0.7 %

OGE Energy stock traded down $0.31 during midday trading on Friday, reaching $44.95. The stock had a trading volume of 3,377,872 shares, compared to its average volume of 1,128,967. 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's fifty day simple moving average is $43.65 and its 200-day simple moving average is $42.15. The stock has a market capitalization of $9.05 billion, a P/E ratio of 20.43, a price-to-earnings-growth ratio of 3.30 and a beta of 0.70. OGE Energy Corp. has a 1-year low of $32.37 and a 1-year high of $46.54.

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OGE Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, April 7th will be paid a $0.4213 dividend. The ex-dividend date is Monday, April 7th. This represents a $1.69 dividend on an annualized basis and a yield of 3.75%. OGE Energy's dividend payout ratio is 76.36%.

Analysts Set New Price Targets

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