Kentucky Trust Co Invests $980,000 in OGE Energy Corp. (NYSE:OGE)

Kentucky Trust Co acquired a new stake in shares of OGE Energy Corp. (NYSE:OGE - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 23,766 shares of the utilities provider's stock, valued at approximately $980,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. State Street Corp raised its holdings 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 buying an additional 185,069 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of OGE Energy by 1.2% in 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 last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of OGE Energy by 0.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,339,833 shares of the utilities provider's stock valued at $54,960,000 after buying an additional 4,761 shares during the last quarter. Verition Fund Management LLC raised its holdings in shares of OGE Energy by 25.2% in the third quarter. Verition Fund Management LLC now owns 1,318,556 shares of the utilities provider's stock valued at $54,087,000 after buying an additional 265,115 shares during the last quarter. Finally, International Assets Investment Management LLC raised its holdings in shares of OGE Energy by 3,834.0% in the third quarter. International Assets Investment Management LLC now owns 748,608 shares of the utilities provider's stock valued at $30,708,000 after buying an additional 729,579 shares during the last quarter. 71.84% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Evercore ISI raised OGE Energy from an "in-line" rating to an "outperform" rating and lifted their price target for the company from $40.00 to $47.00 in a report on Tuesday, January 21st. Barclays cut their price target on OGE Energy from $43.00 to $42.00 and set an "equal weight" rating for the company in a report on Friday, January 24th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $45.00.

OGE Energy Trading Down 0.4 %

OGE stock traded down $0.18 during midday trading on Friday, reaching $43.54. The stock had a trading volume of 666,671 shares, compared to its average volume of 858,230. The business has a fifty day simple moving average of $41.90 and a two-hundred day simple moving average of $41.18. The company has a quick ratio of 0.51, a current ratio of 0.86 and a debt-to-equity ratio of 1.09. The firm has a market cap of $8.75 billion, a price-to-earnings ratio of 22.56, a PEG ratio of 3.18 and a beta of 0.78. OGE Energy Corp. has a twelve month low of $32.37 and a twelve month high of $44.41.

OGE Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Monday, January 6th were given a $0.4213 dividend. The ex-dividend date was Monday, January 6th. This represents a $1.69 dividend on an annualized basis and a yield of 3.87%. OGE Energy's payout ratio is 87.05%.

OGE Energy Company 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.