Brandywine Global Investment Management LLC Has $5.04 Million Stock Holdings in OGE Energy Corp. (NYSE:OGE)

Brandywine Global Investment Management LLC lessened its position in shares of OGE Energy Corp. (NYSE:OGE - Free Report) by 7.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 122,119 shares of the utilities provider's stock after selling 9,238 shares during the period. Brandywine Global Investment Management LLC owned about 0.06% of OGE Energy worth $5,037,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank acquired a new position in shares of OGE Energy during the fourth quarter worth about $68,876,000. Raymond James Financial Inc. acquired a new position in OGE Energy during the 4th quarter worth approximately $11,862,000. Boston Partners grew its stake in shares of OGE Energy by 6.6% during the 4th quarter. Boston Partners now owns 4,182,795 shares of the utilities provider's stock worth $172,554,000 after acquiring an additional 258,989 shares in the last quarter. Duff & Phelps Investment Management Co. grew its stake in shares of OGE Energy by 11.7% during the 4th quarter. Duff & Phelps Investment Management Co. now owns 2,089,289 shares of the utilities provider's stock worth $86,183,000 after acquiring an additional 218,509 shares in the last quarter. Finally, Victory Capital Management Inc. raised its holdings in shares of OGE Energy by 59.4% in the fourth quarter. Victory Capital Management Inc. now owns 549,491 shares of the utilities provider's stock valued at $22,667,000 after purchasing an additional 204,837 shares during the last quarter. Institutional investors and hedge funds own 71.84% of the company's stock.

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OGE Energy Stock Down 5.0 %

OGE traded down $2.31 during trading on Friday, reaching $43.69. 3,237,912 shares of the stock were exchanged, compared to its average volume of 1,167,640. The stock has a market cap of $8.80 billion, a P/E ratio of 19.86, a price-to-earnings-growth ratio of 3.30 and a beta of 0.57. 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 stock's 50 day moving average price is $44.27 and its two-hundred day moving average price is $42.52. OGE Energy Corp. has a twelve month low of $32.37 and a twelve month high of $46.91.

OGE Energy Dividend Announcement

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 issued a $0.4213 dividend. The ex-dividend date is Monday, April 7th. This represents a $1.69 dividend on an annualized basis and a dividend yield of 3.86%. OGE Energy's payout ratio is 76.36%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Evercore ISI raised shares of 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 report on Tuesday, January 21st. LADENBURG THALM/SH SH upgraded OGE Energy to a "hold" rating in a report on Monday, March 17th. Finally, Barclays lifted their target price on OGE Energy from $42.00 to $44.00 and gave the company an "equal weight" rating in a research report on Tuesday, February 25th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus 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.