Epoch Investment Partners Inc. Invests $13.31 Million in OGE Energy Corp. (NYSE:OGE)

Epoch Investment Partners Inc. purchased a new stake in shares of OGE Energy Corp. (NYSE:OGE - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 322,630 shares of the utilities provider's stock, valued at approximately $13,308,000. Epoch Investment Partners Inc. owned 0.16% of OGE Energy as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. raised its position in shares of OGE Energy by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 21,413,588 shares of the utilities provider's stock worth $883,311,000 after purchasing an additional 203,129 shares during the period. Boston Partners boosted its holdings in OGE Energy by 6.6% in the fourth quarter. Boston Partners now owns 4,182,795 shares of the utilities provider's stock worth $172,554,000 after purchasing an additional 258,989 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of OGE Energy by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 3,364,886 shares of the utilities provider's stock valued at $138,845,000 after acquiring an additional 15,415 shares during the last quarter. Duff & Phelps Investment Management Co. grew its holdings in OGE Energy by 11.7% during the fourth quarter. Duff & Phelps Investment Management Co. now owns 2,089,289 shares of the utilities provider's stock valued at $86,183,000 after purchasing an additional 218,509 shares during the last quarter. Finally, Norges Bank bought a new position in OGE Energy in the 4th quarter worth $68,876,000. 71.84% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

OGE has been the topic of several research analyst reports. Barclays raised their price target on shares of OGE Energy from $44.00 to $45.00 and gave the stock an "equal weight" rating in a research report on Tuesday. Argus raised OGE Energy from a "hold" rating to a "buy" rating and set a $47.00 price objective for the company in a report on Friday, April 11th. Evercore ISI raised OGE Energy from an "in-line" rating to an "outperform" rating and boosted their target price for the stock from $40.00 to $47.00 in a report on Tuesday, January 21st. Finally, LADENBURG THALM/SH SH raised shares of OGE Energy to a "hold" rating in a report on Tuesday. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $46.25.

OGE Energy Stock Performance

OGE traded up $0.17 during trading on Thursday, hitting $45.21. The stock had a trading volume of 1,054,283 shares, compared to its average volume of 1,227,850. OGE Energy Corp. has a one year low of $33.79 and a one year high of $46.91. The firm has a market cap of $9.10 billion, a price-to-earnings ratio of 20.55, a P/E/G ratio of 3.30 and a beta of 0.57. The company has a 50 day moving average price of $44.64 and a 200-day moving average price of $42.81. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.73 and a quick ratio of 0.51.

OGE Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, April 7th will be issued a $0.4213 dividend. This represents a $1.69 annualized dividend and a yield of 3.73%. The ex-dividend date is Monday, April 7th. OGE Energy's dividend payout ratio is currently 76.36%.

OGE Energy Company 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.