Heritage Trust Co acquired a new stake in shares of OGE Energy Corp. (NYSE:OGE - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 20,269 shares of the utilities provider's stock, valued at approximately $836,000.
A number of other hedge funds have also recently made changes to their positions in the business. Quadrant Capital Group LLC grew its position in OGE Energy by 5.2% during the 4th quarter. Quadrant Capital Group LLC now owns 4,825 shares of the utilities provider's stock valued at $199,000 after purchasing an additional 239 shares during the last quarter. Mather Group LLC. raised its stake in shares of OGE Energy by 20.9% in the fourth quarter. Mather Group LLC. now owns 1,616 shares of the utilities provider's stock worth $67,000 after purchasing an additional 279 shares during the last quarter. CIBC Asset Management Inc raised its position in OGE Energy by 5.1% in the 4th quarter. CIBC Asset Management Inc now owns 6,038 shares of the utilities provider's stock worth $249,000 after buying an additional 295 shares during the last quarter. Bessemer Group Inc. lifted its position in OGE Energy by 102.0% during the fourth quarter. Bessemer Group Inc. now owns 715 shares of the utilities provider's stock valued at $30,000 after purchasing an additional 361 shares during the period. Finally, Gries Financial LLC grew its holdings in shares of OGE Energy by 1.7% in the fourth quarter. Gries Financial LLC now owns 30,877 shares of the utilities provider's stock worth $1,274,000 after acquiring an additional 514 shares during the period. 71.84% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
OGE has been the topic of several recent research reports. Evercore ISI upgraded shares of OGE Energy from an "in-line" rating to an "outperform" rating and increased their price objective for the stock from $40.00 to $47.00 in a research note on Tuesday, January 21st. LADENBURG THALM/SH SH raised OGE Energy to a "hold" rating in a report on Monday, March 17th. Barclays raised their price objective on OGE Energy from $42.00 to $44.00 and gave the stock an "equal weight" rating in a research note on Tuesday, February 25th. Finally, Argus upgraded OGE Energy from a "hold" rating to a "buy" rating and set a $47.00 price objective for the company in a research note on Friday. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $46.00.
Check Out Our Latest Research Report on OGE Energy
OGE Energy Price Performance
OGE Energy stock traded down $0.03 during midday trading on Tuesday, reaching $44.74. 878,957 shares of the stock traded hands, compared to its average volume of 1,174,929. The company has a quick ratio of 0.51, a current ratio of 0.73 and a debt-to-equity ratio of 1.08. OGE Energy Corp. has a 12 month low of $32.37 and a 12 month high of $46.91. The stock's fifty day moving average is $44.45 and its 200-day moving average is $42.66. The stock has a market cap of $9.01 billion, a P/E ratio of 20.33, a PEG ratio of 3.30 and a beta of 0.57.
OGE Energy Announces Dividend
The business 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 $0.4213 dividend. The ex-dividend date is Monday, April 7th. This represents a $1.69 annualized dividend and a yield of 3.77%. OGE Energy's dividend payout ratio is currently 76.36%.
OGE Energy Profile
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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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