New York State Teachers Retirement System Has $11.12 Million Stake in OGE Energy Corp. (NYSE:OGE)

New York State Teachers Retirement System trimmed its position in OGE Energy Corp. (NYSE:OGE - Free Report) by 7.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 271,042 shares of the utilities provider's stock after selling 20,791 shares during the quarter. New York State Teachers Retirement System owned approximately 0.14% of OGE Energy worth $11,118,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC raised its stake in shares of OGE Energy by 3,834.0% during the third quarter. International Assets Investment Management LLC now owns 748,608 shares of the utilities provider's stock worth $30,708,000 after buying an additional 729,579 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of OGE Energy by 31.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,197,585 shares of the utilities provider's stock valued at $78,453,000 after purchasing an additional 531,730 shares during the period. Victory Capital Management Inc. boosted its position in shares of OGE Energy by 198.1% in the 2nd quarter. Victory Capital Management Inc. now owns 293,217 shares of the utilities provider's stock worth $10,468,000 after purchasing an additional 194,839 shares during the last quarter. ClearBridge Investments Ltd grew its stake in shares of OGE Energy by 2.7% during the second quarter. ClearBridge Investments Ltd now owns 5,829,222 shares of the utilities provider's stock worth $208,103,000 after purchasing an additional 150,797 shares during the period. Finally, Boston Partners increased its holdings in OGE Energy by 3.8% in the first quarter. Boston Partners now owns 3,815,848 shares of the utilities provider's stock valued at $130,878,000 after purchasing an additional 139,872 shares during the last quarter. 71.84% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

OGE has been the topic of a number of recent analyst reports. Barclays raised their target price on OGE Energy from $39.00 to $42.00 and gave the stock an "equal weight" rating in a report on Monday, October 21st. Jefferies Financial Group began coverage on shares of OGE Energy in a research note on Thursday, September 19th. They set a "buy" rating and a $46.00 price objective on the stock. Finally, Evercore ISI upped their target price on shares of OGE Energy from $36.00 to $40.00 and gave the company an "in-line" rating in a research note on Thursday, August 8th. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $39.40.

OGE Energy Stock Down 0.8 %

OGE stock traded down $0.33 during mid-day trading on Friday, hitting $39.66. 2,549,335 shares of the company were exchanged, compared to its average volume of 860,642. The firm has a market cap of $7.97 billion, a P/E ratio of 19.44, a P/E/G ratio of 3.56 and a beta of 0.74. OGE Energy Corp. has a 1-year low of $32.06 and a 1-year high of $41.48. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.36 and a current ratio of 0.71. The firm's 50 day simple moving average is $40.31 and its 200 day simple moving average is $37.82.

OGE Energy (NYSE:OGE - Get Free Report) last issued its quarterly earnings data on Wednesday, August 7th. The utilities provider reported $0.51 EPS for the quarter, topping analysts' consensus estimates of $0.46 by $0.05. The business had revenue of $662.60 million for the quarter, compared to analyst estimates of $837.51 million. OGE Energy had a net margin of 14.83% and a return on equity of 9.15%. The firm's quarterly revenue was up 9.5% on a year-over-year basis. During the same period last year, the business posted $0.44 earnings per share. On average, sell-side analysts predict that OGE Energy Corp. will post 2.14 EPS for the current fiscal year.

OGE Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Monday, October 7th were issued a $0.4213 dividend. This represents a $1.69 dividend on an annualized basis and a dividend yield of 4.25%. This is a positive change from OGE Energy's previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Monday, October 7th. OGE Energy's payout ratio is 82.35%.

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.