Elo Mutual Pension Insurance Co Buys Shares of 11,104 OGE Energy Corp. (NYSE:OGE)

Elo Mutual Pension Insurance Co acquired a new position in OGE Energy Corp. (NYSE:OGE - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 11,104 shares of the utilities provider's stock, valued at approximately $458,000.

Other institutional investors also recently made changes to their positions in the company. Stonebridge Financial Group LLC bought a new stake in OGE Energy in the fourth quarter worth $35,000. Principal Securities Inc. increased its holdings in shares of OGE Energy by 204.7% in the fourth quarter. Principal Securities Inc. now owns 981 shares of the utilities provider's stock worth $40,000 after buying an additional 659 shares during the period. BankPlus Trust Department purchased a new stake in OGE Energy during the 4th quarter valued at about $44,000. Lee Danner & Bass Inc. bought a new position in OGE Energy during the 4th quarter worth approximately $45,000. Finally, Mather Group LLC. increased its stake in OGE Energy by 20.9% in the 4th quarter. Mather Group LLC. now owns 1,616 shares of the utilities provider's stock worth $67,000 after purchasing an additional 279 shares during the period. Hedge funds and other institutional investors own 71.84% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on OGE shares. LADENBURG THALM/SH SH raised OGE Energy to a "hold" rating in a research note on Monday, March 17th. Evercore ISI raised shares of 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 report on Tuesday, January 21st. Finally, Barclays raised their target price on OGE Energy from $42.00 to $44.00 and gave the stock an "equal weight" rating in a research note on Tuesday, February 25th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, OGE Energy currently has an average rating of "Hold" and an average price target of $45.67.

Remove Ads

OGE Energy Stock Down 5.0 %

Shares of NYSE OGE traded down $2.31 during trading on Friday, reaching $43.69. The company had a trading volume of 3,237,912 shares, compared to its average volume of 1,168,882. The business's 50-day moving average is $44.27 and its 200 day moving average is $42.49. The company has a quick ratio of 0.51, a current ratio of 0.73 and a debt-to-equity ratio of 1.08. The stock has a market cap of $8.80 billion, a PE ratio of 19.86, a P/E/G ratio of 3.30 and a beta of 0.57. OGE Energy Corp. has a 12-month low of $32.37 and a 12-month high of $46.91.

OGE Energy Announces Dividend

The company also recently disclosed 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 of this dividend is Monday, April 7th. This represents a $1.69 dividend on an annualized basis and a yield of 3.86%. OGE Energy's dividend payout ratio is currently 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.