Dana Investment Advisors Inc. Sells 8,565 Shares of OGE Energy Corp. (NYSE:OGE)

Dana Investment Advisors Inc. trimmed its stake in shares of OGE Energy Corp. (NYSE:OGE - Free Report) by 11.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 65,548 shares of the utilities provider's stock after selling 8,565 shares during the quarter. Dana Investment Advisors Inc.'s holdings in OGE Energy were worth $2,704,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Stonebridge Financial Group LLC acquired a new stake in OGE Energy during the 4th quarter worth about $35,000. Principal Securities Inc. boosted its position in shares of OGE Energy by 204.7% during the 4th quarter. Principal Securities Inc. now owns 981 shares of the utilities provider's stock valued at $40,000 after purchasing an additional 659 shares in the last quarter. BankPlus Trust Department acquired a new stake in OGE Energy during the fourth quarter worth approximately $44,000. Mather Group LLC. increased its holdings in OGE Energy by 20.9% in the fourth quarter. Mather Group LLC. now owns 1,616 shares of the utilities provider's stock worth $67,000 after purchasing an additional 279 shares in the last quarter. Finally, Allworth Financial LP lifted its stake in OGE Energy by 185.8% in the fourth quarter. Allworth Financial LP now owns 1,815 shares of the utilities provider's stock valued at $77,000 after buying an additional 1,180 shares during the period. 71.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Evercore ISI raised shares of 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 report on Tuesday, January 21st. Barclays raised their price target on shares of OGE Energy from $42.00 to $44.00 and gave the stock an "equal weight" rating in a report on Tuesday, February 25th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, OGE Energy presently has a consensus rating of "Hold" and a consensus price target of $45.67.

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OGE Energy Stock Down 0.3 %

OGE Energy stock traded down $0.14 during mid-day trading on Tuesday, reaching $44.12. The stock had a trading volume of 1,496,572 shares, compared to its average volume of 1,131,769. The firm has a market capitalization of $8.88 billion, a PE ratio of 20.05, a price-to-earnings-growth ratio of 3.30 and a beta of 0.70. OGE Energy Corp. has a fifty-two week low of $32.37 and a fifty-two week high of $46.54. The stock's 50-day simple moving average is $42.94 and its 200-day simple moving average is $41.83. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.51 and a current ratio of 0.73.

OGE Energy Dividend Announcement

The firm 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 dividend of $0.4213 per share. The ex-dividend date is Monday, April 7th. This represents a $1.69 dividend on an annualized basis and a yield of 3.82%. OGE Energy's dividend payout ratio (DPR) is presently 76.36%.

OGE Energy 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.