OGE Energy Corp. (NYSE:OGE) Shares Sold by Guggenheim Capital LLC

Guggenheim Capital LLC lessened its position in OGE Energy Corp. (NYSE:OGE - Free Report) by 90.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 55,489 shares of the utilities provider's stock after selling 555,585 shares during the period. Guggenheim Capital LLC's holdings in OGE Energy were worth $2,289,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

Several research firms recently issued reports on OGE. Argus raised shares of OGE Energy from a "hold" rating to a "buy" rating and set a $47.00 target price on the stock in a research report on Friday, April 11th. Barclays lifted their price target on shares of OGE Energy from $44.00 to $45.00 and gave the company an "equal weight" rating in a report on Tuesday. Evercore ISI upgraded OGE Energy from an "in-line" rating to an "outperform" rating and upped their price objective for the stock from $40.00 to $47.00 in a report on Tuesday, January 21st. Finally, LADENBURG THALM/SH SH raised OGE Energy to a "hold" rating in a research 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's stock. According to MarketBeat, OGE Energy currently has an average rating of "Moderate Buy" and an average target price of $46.25.

OGE Energy Trading Up 0.4 %

OGE traded up $0.17 during trading on Thursday, hitting $45.21. 1,054,283 shares of the company's stock were exchanged, compared to its average volume of 1,157,735. The stock has a 50 day moving average price of $44.64 and a 200 day moving average price of $42.81. OGE Energy Corp. has a 1 year low of $33.46 and a 1 year high of $46.91. The company has a current ratio of 0.73, a quick ratio of 0.51 and a debt-to-equity ratio of 1.08. The firm has a market cap of $9.10 billion, a P/E ratio of 20.55, a price-to-earnings-growth ratio of 3.30 and a beta of 0.57.

OGE Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, April 7th will be given a $0.4213 dividend. This represents a $1.69 annualized dividend and a yield of 3.73%. The ex-dividend date of this dividend is Monday, April 7th. OGE Energy's dividend payout ratio (DPR) 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.