Hartree Partners LP Buys Shares of 11,700 OGE Energy Corp. (NYSE:OGE)

Hartree Partners LP purchased a new stake in shares of OGE Energy Corp. (NYSE:OGE - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund purchased 11,700 shares of the utilities provider's stock, valued at approximately $483,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position 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 buying an additional 203,129 shares during the last quarter. State Street Corp grew its position in shares of 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. Boston Partners lifted its holdings in OGE Energy by 6.6% during the 4th 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 position in shares of OGE Energy by 1.2% during the third quarter. Geode Capital Management LLC now owns 3,349,471 shares of the utilities provider's stock valued at $137,433,000 after buying an additional 40,733 shares during the period. Finally, Duff & Phelps Investment Management Co. lifted its holdings in shares of OGE Energy by 11.7% in the fourth 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 in the last quarter. 71.84% of the stock is owned by institutional investors.

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OGE Energy Trading Up 0.1 %

OGE Energy stock traded up $0.06 during trading hours on Thursday, reaching $46.44. The stock had a trading volume of 167,358 shares, compared to its average volume of 1,191,603. The company has a fifty day simple moving average of $44.21 and a 200-day simple moving average of $42.45. The stock has a market cap of $9.35 billion, a PE ratio of 21.11, a PEG ratio of 3.30 and a beta of 0.70. 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 Corp. has a 52 week low of $32.37 and a 52 week high of $46.91.

OGE Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, April 7th will be given a dividend of $0.4213 per share. The ex-dividend date of this dividend is Monday, April 7th. This represents a $1.69 annualized dividend and a dividend yield of 3.63%. OGE Energy's dividend payout ratio is presently 76.36%.

Analysts Set New Price Targets

Several brokerages have commented on OGE. LADENBURG THALM/SH SH raised shares of OGE Energy to a "hold" rating in a report on Monday, March 17th. Barclays upped their price target on shares of OGE Energy from $42.00 to $44.00 and gave the company an "equal weight" rating in a research report on Tuesday, February 25th. Finally, Evercore ISI upgraded OGE Energy from an "in-line" rating to an "outperform" rating and lifted their price objective for the stock from $40.00 to $47.00 in a report on Tuesday, January 21st. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, OGE Energy currently has a consensus rating of "Hold" and a consensus target price of $45.67.

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.