New York State Common Retirement Fund Sells 5,500 Shares of OGE Energy Corp. (NYSE:OGE)

New York State Common Retirement Fund lessened its holdings in shares of OGE Energy Corp. (NYSE:OGE - Free Report) by 6.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 81,901 shares of the utilities provider's stock after selling 5,500 shares during the period. New York State Common Retirement Fund's holdings in OGE Energy were worth $3,378,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Stonebridge Financial Group LLC bought a new stake in shares of OGE Energy during the 4th quarter worth about $35,000. Principal Securities Inc. raised 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 in the last quarter. Mather Group LLC. lifted its holdings in shares of OGE Energy by 20.9% in the fourth quarter. Mather Group LLC. now owns 1,616 shares of the utilities provider's stock valued at $67,000 after buying an additional 279 shares during the period. Allworth Financial LP raised its holdings in shares of OGE Energy by 185.8% in the 4th quarter. Allworth Financial LP now owns 1,815 shares of the utilities provider's stock worth $77,000 after purchasing an additional 1,180 shares in the last quarter. Finally, New Wave Wealth Advisors LLC acquired a new position in OGE Energy in the fourth quarter worth approximately $80,000. 71.84% of the stock is currently owned by institutional investors and hedge funds.

OGE Energy Stock Down 1.1 %

Shares of NYSE OGE traded down $0.53 during mid-day trading on Tuesday, reaching $45.79. The company had a trading volume of 495,956 shares, compared to its average volume of 1,126,159. 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 twelve month low of $32.37 and a twelve month high of $46.55. The stock's 50 day moving average is $42.64 and its 200-day moving average is $41.66. The stock has a market capitalization of $9.21 billion, a PE ratio of 20.81, a price-to-earnings-growth ratio of 3.30 and a beta of 0.78.

OGE Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, April 7th will be issued a dividend of $0.4213 per share. This represents a $1.69 dividend on an annualized basis and a dividend yield of 3.68%. The ex-dividend date of this dividend is Monday, April 7th. OGE Energy's dividend payout ratio is 76.36%.

Analysts Set New Price Targets

Several brokerages have recently commented on OGE. Barclays upped their target price on OGE Energy from $42.00 to $44.00 and gave the company an "equal weight" rating in a report on Tuesday, February 25th. Evercore ISI raised shares of OGE Energy from an "in-line" rating to an "outperform" rating and boosted their target price for the company from $40.00 to $47.00 in a research note on Tuesday, January 21st. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, OGE Energy has a consensus rating of "Hold" and an average price target of $45.67.

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.