New Age Alpha Advisors LLC Acquires Shares of 132,700 OGE Energy Corp. (NYSE:OGE)

New Age Alpha Advisors LLC acquired a new position in OGE Energy Corp. (NYSE:OGE - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 132,700 shares of the utilities provider's stock, valued at approximately $5,474,000. New Age Alpha Advisors LLC owned about 0.07% of OGE Energy at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of OGE. Norges Bank bought a new position in shares of OGE Energy during the 4th quarter worth about $68,876,000. Elo Mutual Pension Insurance Co bought a new position in OGE Energy during the fourth quarter valued at about $458,000. EntryPoint Capital LLC acquired a new position in OGE Energy in the 4th quarter valued at approximately $262,000. Lynx Investment Advisory lifted its position in shares of OGE Energy by 32.0% in the 4th quarter. Lynx Investment Advisory now owns 14,986 shares of the utilities provider's stock worth $618,000 after acquiring an additional 3,634 shares during the period. Finally, Vanguard Group Inc. grew its holdings in shares of OGE Energy by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 21,413,588 shares of the utilities provider's stock worth $883,311,000 after purchasing an additional 203,129 shares in the last quarter. Institutional investors own 71.84% of the company's stock.

OGE Energy Price Performance

OGE Energy stock traded up $0.26 during mid-day trading on Wednesday, hitting $46.39. 257,421 shares of the company were exchanged, compared to its average volume of 1,164,448. The company has a market capitalization of $9.34 billion, a PE ratio of 21.09, a price-to-earnings-growth ratio of 3.30 and a beta of 0.70. The business has a fifty day moving average of $44.13 and a 200 day moving average of $42.42. OGE Energy Corp. has a 1-year low of $32.37 and a 1-year high of $46.54. The company has a quick ratio of 0.51, a current ratio of 0.73 and a debt-to-equity ratio of 1.08.

Remove Ads

OGE Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, April 7th will be issued a dividend of $0.4213 per share. This represents a $1.69 annualized dividend and a yield of 3.63%. The ex-dividend date of this dividend is Monday, April 7th. OGE Energy's dividend payout ratio is currently 76.36%.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Evercore ISI raised OGE Energy from an "in-line" rating to an "outperform" rating and raised their target price for the stock from $40.00 to $47.00 in a research report on Tuesday, January 21st. Barclays raised their price objective on shares of OGE Energy from $42.00 to $44.00 and gave the stock an "equal weight" rating in a report on Tuesday, February 25th. Finally, LADENBURG THALM/SH SH raised shares of OGE Energy to a "hold" rating in a research note on Monday, March 17th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, OGE Energy has a consensus rating of "Hold" and a consensus price target 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.