Geode Capital Management LLC Raises Holdings in OGE Energy Corp. (NYSE:OGE)

Geode Capital Management LLC grew its position in OGE Energy Corp. (NYSE:OGE - Free Report) by 0.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,364,886 shares of the utilities provider's stock after buying an additional 15,415 shares during the quarter. Geode Capital Management LLC owned 1.67% of OGE Energy worth $138,845,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of OGE. Diametric Capital LP acquired a new position in OGE Energy in the 4th quarter valued at about $231,000. O Shaughnessy Asset Management LLC grew its holdings in shares of OGE Energy by 37.3% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 19,088 shares of the utilities provider's stock valued at $787,000 after purchasing an additional 5,182 shares in the last quarter. California Public Employees Retirement System grew its holdings in shares of OGE Energy by 1.6% in the fourth quarter. California Public Employees Retirement System now owns 958,378 shares of the utilities provider's stock valued at $39,533,000 after purchasing an additional 15,124 shares in the last quarter. Hartree Partners LP purchased a new stake in OGE Energy during the 4th quarter worth approximately $483,000. Finally, Pictet Asset Management Holding SA lifted its holdings in OGE Energy by 12.1% during the 4th quarter. Pictet Asset Management Holding SA now owns 33,029 shares of the utilities provider's stock worth $1,362,000 after buying an additional 3,559 shares in the last quarter. Hedge funds and other institutional investors own 71.84% of the company's stock.

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Analyst Ratings Changes

Several analysts have recently issued reports on the company. Argus upgraded OGE Energy from a "hold" rating to a "buy" rating and set a $47.00 price objective on the stock in a research note on Friday. Barclays lifted their price objective on OGE Energy from $42.00 to $44.00 and gave the company an "equal weight" rating in a research note on Tuesday, February 25th. Evercore ISI upgraded shares of OGE Energy from an "in-line" rating to an "outperform" rating and upped their target price for the stock from $40.00 to $47.00 in a research note on Tuesday, January 21st. Finally, LADENBURG THALM/SH SH raised shares of OGE Energy to a "hold" rating in a report on Monday, March 17th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $46.00.

OGE Energy Stock Up 2.0 %

Shares of NYSE:OGE traded up $0.85 on Friday, hitting $44.14. 958,005 shares of the company's stock were exchanged, compared to its average volume of 1,172,955. 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 Corp. has a 1-year low of $32.37 and a 1-year high of $46.91. The company has a market capitalization of $8.89 billion, a PE ratio of 20.06, a P/E/G ratio of 3.30 and a beta of 0.57. The firm's 50-day moving average is $44.37 and its 200 day moving average is $42.60.

OGE Energy Dividend Announcement

The business 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 $0.4213 dividend. The ex-dividend date of this dividend is Monday, April 7th. This represents a $1.69 annualized dividend and a yield of 3.82%. 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.