OGE Energy Corp. (NYSE:OGE) Stock Position Reduced by Invesco Ltd.

Invesco Ltd. lessened its stake in shares of OGE Energy Corp. (NYSE:OGE - Free Report) by 2.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,390,178 shares of the utilities provider's stock after selling 37,253 shares during the quarter. Invesco Ltd. owned approximately 0.69% of OGE Energy worth $57,345,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Norges Bank purchased a new stake in OGE Energy in the fourth quarter valued at approximately $68,876,000. Raymond James Financial Inc. purchased a new position in shares of OGE Energy in the fourth quarter valued at approximately $11,862,000. Boston Partners raised its stake in OGE Energy by 6.6% in the 4th quarter. Boston Partners now owns 4,182,795 shares of the utilities provider's stock valued at $172,554,000 after purchasing an additional 258,989 shares during the last quarter. Duff & Phelps Investment Management Co. lifted its stake in shares of OGE Energy by 11.7% in the fourth quarter. Duff & Phelps Investment Management Co. now owns 2,089,289 shares of the utilities provider's stock worth $86,183,000 after buying an additional 218,509 shares in the last quarter. Finally, Victory Capital Management Inc. raised its stake in OGE Energy by 59.4% during the fourth quarter. Victory Capital Management Inc. now owns 549,491 shares of the utilities provider's stock worth $22,667,000 after purchasing an additional 204,837 shares during the period. 71.84% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Evercore ISI upgraded OGE Energy from an "in-line" rating to an "outperform" rating and raised their target price for the company from $40.00 to $47.00 in a report on Tuesday, January 21st. Barclays lifted their target price on OGE Energy from $42.00 to $44.00 and gave the stock an "equal weight" rating in a research report on Tuesday, February 25th. LADENBURG THALM/SH SH raised OGE Energy to a "hold" rating in a report on Monday, March 17th. Finally, 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 note on Friday, April 11th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, OGE Energy presently has a consensus rating of "Moderate Buy" and a consensus price target of $46.00.

OGE Energy Trading Up 0.7 %

Shares of OGE stock traded up $0.31 during mid-day trading on Friday, reaching $45.01. The company's stock had a trading volume of 887,360 shares, compared to its average volume of 1,170,066. The company's 50 day simple moving average is $44.53 and its 200-day simple moving average is $42.70. The firm has a market capitalization of $9.06 billion, a PE ratio of 20.46, a price-to-earnings-growth ratio of 3.30 and a beta of 0.57. The company has a quick ratio of 0.51, a current ratio of 0.73 and a debt-to-equity ratio of 1.08. OGE Energy Corp. has a 12-month low of $33.25 and a 12-month high of $46.91.

OGE Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, April 7th will be given a dividend of $0.4213 per share. This represents a $1.69 dividend on an annualized basis and a dividend yield of 3.74%. The ex-dividend date of this dividend is Monday, April 7th. OGE Energy's payout ratio is 76.36%.

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.