GWN Securities Inc. purchased a new stake in OGE Energy Corp. (NYSE:OGE - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 10,103 shares of the utilities provider's stock, valued at approximately $436,000.
A number of other large investors have also recently modified their holdings of the business. State Street Corp raised its stake in OGE Energy by 2.8% in the third quarter. State Street Corp now owns 6,836,303 shares of the utilities provider's stock valued at $280,425,000 after purchasing an additional 185,069 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of OGE Energy by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 3,349,471 shares of the utilities provider's stock worth $137,433,000 after buying an additional 40,733 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of OGE Energy by 0.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,350,343 shares of the utilities provider's stock valued at $55,702,000 after buying an additional 10,510 shares in the last quarter. Verition Fund Management LLC lifted its holdings in shares of OGE Energy by 25.2% during the 3rd quarter. Verition Fund Management LLC now owns 1,318,556 shares of the utilities provider's stock worth $54,087,000 after acquiring an additional 265,115 shares during the last quarter. Finally, Allianz Asset Management GmbH grew its position in OGE Energy by 15.8% in the fourth quarter. Allianz Asset Management GmbH now owns 1,230,591 shares of the utilities provider's stock worth $50,762,000 after acquiring an additional 168,323 shares in the last quarter. Institutional investors own 71.84% of the company's stock.
OGE Energy Trading Up 0.3 %
Shares of OGE traded up $0.12 during trading hours on Thursday, hitting $45.31. The company had a trading volume of 1,071,799 shares, compared to its average volume of 1,132,558. OGE Energy Corp. has a 52-week low of $32.37 and a 52-week high of $46.54. 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's 50 day moving average price is $43.45 and its 200 day moving average price is $42.07. The firm has a market cap of $9.12 billion, a P/E ratio of 20.60, a P/E/G ratio of 3.30 and a beta of 0.70.
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. The ex-dividend date is Monday, April 7th. This represents a $1.69 annualized dividend and a yield of 3.72%. OGE Energy's payout ratio is currently 76.36%.
Analyst Ratings Changes
A number of equities research analysts have weighed in on the company. Barclays raised their price target on OGE Energy from $42.00 to $44.00 and gave the company an "equal weight" rating in a research report on Tuesday, February 25th. Evercore ISI upgraded 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 research report on Tuesday, January 21st. Finally, LADENBURG THALM/SH SH upgraded shares of OGE Energy to a "hold" rating in a research report on Monday. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, OGE Energy presently has an average rating of "Hold" and a consensus target price of $45.67.
Get Our Latest Analysis on OGE
OGE Energy Company Profile
(
Free Report)
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.
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