Mirabella Financial Services LLP Invests $1.36 Million in OGE Energy Corp. (NYSE:OGE)

Mirabella Financial Services LLP acquired a new position in OGE Energy Corp. (NYSE:OGE - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 33,079 shares of the utilities provider's stock, valued at approximately $1,364,000.

Other large investors have also bought and sold shares of the company. Headlands Technologies LLC purchased a new position in OGE Energy during the fourth quarter valued at $27,000. Bessemer Group Inc. lifted its holdings in shares of 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 last quarter. Stonebridge Financial Group LLC bought a new stake in shares of OGE Energy in the 4th quarter worth approximately $35,000. Principal Securities Inc. grew its stake in shares of OGE Energy by 204.7% in the 4th quarter. Principal Securities Inc. now owns 981 shares of the utilities provider's stock worth $40,000 after buying an additional 659 shares during the last quarter. Finally, BankPlus Trust Department bought a new position in OGE Energy during the 4th quarter valued at approximately $44,000. 71.84% of the stock is owned by institutional investors.

OGE Energy Stock Performance

Shares of OGE traded down $0.29 during mid-day trading on Friday, hitting $44.92. 945,625 shares of the company traded hands, compared to its average volume of 1,152,664. 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 $33.79 and a 1 year high of $46.91. The stock has a market cap of $9.04 billion, a price-to-earnings ratio of 20.42, a P/E/G ratio of 3.30 and a beta of 0.57. The stock has a 50-day moving average price of $44.68 and a two-hundred day moving average price of $42.85.

OGE Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, April 7th will be paid a dividend of $0.4213 per share. The ex-dividend date of this dividend is Monday, April 7th. This represents a $1.69 dividend on an annualized basis and a dividend yield of 3.75%. OGE Energy's dividend payout ratio is currently 76.36%.

Analysts Set New Price Targets

OGE has been the topic of a number of recent research reports. Barclays increased their target price on OGE Energy from $44.00 to $45.00 and gave the stock an "equal weight" rating in a research note on Tuesday. Argus raised shares of OGE Energy from a "hold" rating to a "buy" rating and set a $47.00 price objective on the stock in a research report on Friday, April 11th. Evercore ISI raised shares of OGE Energy from an "in-line" rating to an "outperform" rating and lifted their target price for the stock from $40.00 to $47.00 in a report on Tuesday, January 21st. Finally, LADENBURG THALM/SH SH upgraded shares of OGE Energy to a "hold" rating in a report on Tuesday. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $46.25.

OGE Energy 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.