OGE Energy Corp. (NYSE:OGE) Shares Bought by LPL Financial LLC

LPL Financial LLC raised its position in OGE Energy Corp. (NYSE:OGE - Free Report) by 4.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 201,539 shares of the utilities provider's stock after buying an additional 8,293 shares during the period. LPL Financial LLC owned approximately 0.10% of OGE Energy worth $8,313,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of OGE. Cerity Partners LLC grew its stake in OGE Energy by 41.1% during the 3rd quarter. Cerity Partners LLC now owns 11,496 shares of the utilities provider's stock valued at $472,000 after purchasing an additional 3,350 shares in the last quarter. FMR LLC boosted its stake in shares of OGE Energy by 16.3% during the 3rd quarter. FMR LLC now owns 558,967 shares of the utilities provider's stock valued at $22,929,000 after buying an additional 78,164 shares during the last quarter. BNP Paribas Financial Markets grew its position in shares of OGE Energy by 316.6% during the third quarter. BNP Paribas Financial Markets now owns 34,752 shares of the utilities provider's stock worth $1,426,000 after buying an additional 26,411 shares in the last quarter. Rockefeller Capital Management L.P. increased its stake in shares of OGE Energy by 3.2% in the third quarter. Rockefeller Capital Management L.P. now owns 17,701 shares of the utilities provider's stock worth $724,000 after buying an additional 553 shares during the last quarter. Finally, Captrust Financial Advisors increased its stake in shares of OGE Energy by 6.3% in the third quarter. Captrust Financial Advisors now owns 27,080 shares of the utilities provider's stock worth $1,111,000 after buying an additional 1,607 shares during the last quarter. 71.84% of the stock is currently owned by institutional investors and hedge funds.

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OGE Energy Stock Performance

Shares of NYSE OGE traded down $0.10 during midday trading on Thursday, hitting $43.33. The company's stock had a trading volume of 1,609,712 shares, compared to its average volume of 1,173,742. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.51 and a current ratio of 0.73. OGE Energy Corp. has a 1-year low of $32.37 and a 1-year high of $46.91. The firm's fifty day moving average price is $44.33 and its 200-day moving average price is $42.58. The firm has a market cap of $8.72 billion, a P/E ratio of 19.69, a P/E/G ratio of 3.30 and a beta of 0.57.

OGE Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, April 7th will be paid a $0.4213 dividend. The ex-dividend date is Monday, April 7th. This represents a $1.69 dividend on an annualized basis and a yield of 3.89%. OGE Energy's payout ratio is currently 76.36%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. LADENBURG THALM/SH SH raised shares of OGE Energy to a "hold" rating in a report on Monday, March 17th. Barclays lifted their price target 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, Evercore ISI upgraded OGE Energy from an "in-line" rating to an "outperform" rating and upped their price objective for the company from $40.00 to $47.00 in a research note on Tuesday, January 21st. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average 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.