Miller Howard Investments Inc. NY Lowers Stock Holdings in OGE Energy Corp. (NYSE:OGE)

Miller Howard Investments Inc. NY trimmed its position in shares of OGE Energy Corp. (NYSE:OGE - Free Report) by 18.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 712,213 shares of the utilities provider's stock after selling 156,331 shares during the quarter. Miller Howard Investments Inc. NY owned 0.35% of OGE Energy worth $29,379,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in OGE. FMR LLC increased its position in OGE Energy by 16.3% during the 3rd quarter. FMR LLC now owns 558,967 shares of the utilities provider's stock worth $22,929,000 after purchasing an additional 78,164 shares during the period. PEAK6 Investments LLC acquired a new position in OGE Energy during the third quarter worth $783,000. Navellier & Associates Inc. purchased a new position in OGE Energy in the third quarter worth $785,000. BNP Paribas Financial Markets raised its position in OGE Energy by 316.6% in the third quarter. BNP Paribas Financial Markets now owns 34,752 shares of the utilities provider's stock worth $1,426,000 after acquiring an additional 26,411 shares in the last quarter. Finally, Merit Financial Group LLC lifted its holdings in OGE Energy by 14.2% in the fourth quarter. Merit Financial Group LLC now owns 6,505 shares of the utilities provider's stock valued at $268,000 after acquiring an additional 810 shares during the period. 71.84% of the stock is owned by hedge funds and other institutional investors.

OGE Energy Price Performance

Shares of OGE Energy stock traded down $0.02 on Wednesday, hitting $43.38. The company's stock had a trading volume of 578,612 shares, compared to its average volume of 857,108. The company has a market capitalization of $8.72 billion, a P/E ratio of 22.48, a price-to-earnings-growth ratio of 3.18 and a beta of 0.78. OGE Energy Corp. has a 52-week low of $32.06 and a 52-week high of $44.41. The firm has a fifty day moving average price of $41.86 and a 200-day moving average price of $41.12. The company has a quick ratio of 0.51, a current ratio of 0.86 and a debt-to-equity ratio of 1.09.

OGE Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders 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 annualized dividend and a dividend yield of 3.88%. OGE Energy's dividend payout ratio is presently 87.05%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on OGE. Evercore ISI upgraded shares of OGE Energy from an "in-line" rating to an "outperform" rating and increased their price target for the company from $40.00 to $47.00 in a report on Tuesday, January 21st. Barclays lowered their target price on shares of OGE Energy from $43.00 to $42.00 and set an "equal weight" rating on the stock in a research report on Friday, January 24th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, OGE Energy presently has a consensus rating of "Hold" and a consensus price target of $45.00.

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.