Cbre Investment Management Listed Real Assets LLC Cuts Stock Position in OGE Energy Corp. (NYSE:OGE)

Cbre Investment Management Listed Real Assets LLC trimmed its position in OGE Energy Corp. (NYSE:OGE - Free Report) by 5.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 642,602 shares of the utilities provider's stock after selling 38,006 shares during the period. Cbre Investment Management Listed Real Assets LLC owned approximately 0.32% of OGE Energy worth $26,507,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in OGE. FMR LLC grew its stake in OGE Energy by 16.3% during the 3rd quarter. FMR LLC now owns 558,967 shares of the utilities provider's stock worth $22,929,000 after buying an additional 78,164 shares during the last quarter. PEAK6 Investments LLC acquired a new position in shares of OGE Energy during the third quarter valued at about $783,000. Navellier & Associates Inc. purchased a new position in shares of OGE Energy in the 3rd quarter valued at approximately $785,000. BNP Paribas Financial Markets boosted its stake in OGE Energy by 316.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 34,752 shares of the utilities provider's stock worth $1,426,000 after purchasing an additional 26,411 shares in the last quarter. Finally, Merit Financial Group LLC boosted its stake in OGE Energy by 14.2% in the 4th quarter. Merit Financial Group LLC now owns 6,505 shares of the utilities provider's stock worth $268,000 after purchasing an additional 810 shares in the last quarter. 71.84% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

OGE has been the topic of several research reports. Barclays upped 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. Evercore ISI raised shares of OGE Energy from an "in-line" rating to an "outperform" rating and raised their target price for the stock from $40.00 to $47.00 in a report on Tuesday, January 21st. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $45.67.

OGE Energy Stock Performance

OGE Energy stock traded down $0.61 during mid-day trading on Thursday, hitting $44.04. The company had a trading volume of 1,080,961 shares, compared to its average volume of 1,129,901. The company has a market capitalization of $8.86 billion, a price-to-earnings ratio of 20.02, a P/E/G ratio of 3.30 and a beta of 0.70. OGE Energy Corp. has a 12-month low of $32.37 and a 12-month high of $46.54. The company's fifty day moving average is $42.77 and its 200-day moving average is $41.72. The company has a current ratio of 0.73, a quick ratio of 0.51 and a debt-to-equity ratio of 1.08.

OGE Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, April 7th will be given a dividend of $0.4213 per share. The ex-dividend date of this dividend is Monday, April 7th. This represents a $1.69 annualized dividend and a yield of 3.83%. OGE Energy's dividend payout ratio is presently 76.36%.

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.