OGE Energy Corp. (NYSE:OGE) Shares Sold by ClearBridge Investments Ltd

ClearBridge Investments Ltd trimmed its holdings in shares of OGE Energy Corp. (NYSE:OGE - Free Report) by 2.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,984,508 shares of the utilities provider's stock after selling 118,370 shares during the period. OGE Energy comprises about 5.4% of ClearBridge Investments Ltd's portfolio, making the stock its 6th largest position. ClearBridge Investments Ltd owned approximately 2.48% of OGE Energy worth $205,611,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. increased its holdings in OGE Energy by 0.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,339,833 shares of the utilities provider's stock valued at $54,960,000 after buying an additional 4,761 shares during the period. Cerity Partners LLC raised its position in shares of OGE Energy by 41.1% in the 3rd quarter. Cerity Partners LLC now owns 11,496 shares of the utilities provider's stock worth $472,000 after acquiring an additional 3,350 shares in the last quarter. FMR LLC lifted its stake in shares of OGE Energy by 16.3% during the 3rd quarter. FMR LLC now owns 558,967 shares of the utilities provider's stock worth $22,929,000 after purchasing an additional 78,164 shares during the last quarter. Quantbot Technologies LP purchased a new position in OGE Energy in the third quarter valued at about $1,818,000. Finally, BNP Paribas Financial Markets grew its stake in OGE Energy by 316.6% in the third quarter. BNP Paribas Financial Markets now owns 34,752 shares of the utilities provider's stock valued at $1,426,000 after purchasing an additional 26,411 shares during the last quarter. Hedge funds and other institutional investors own 71.84% of the company's stock.

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Analysts Set New Price Targets

A number of research firms have recently weighed in on OGE. LADENBURG THALM/SH SH upgraded shares of OGE Energy to a "hold" rating in a report on Monday, March 17th. Barclays raised their price target on OGE Energy from $42.00 to $44.00 and gave the stock an "equal weight" rating in a report on Tuesday, February 25th. Finally, Evercore ISI upgraded shares of OGE Energy from an "in-line" rating to an "outperform" rating and upped their price objective for the company from $40.00 to $47.00 in a report on Tuesday, January 21st. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $45.67.

OGE Energy Stock Performance

Shares of OGE stock traded down $0.10 during mid-day trading on Thursday, reaching $46.28. The stock had a trading volume of 191,222 shares, compared to its average volume of 1,162,666. OGE Energy Corp. has a 1-year low of $32.37 and a 1-year high of $46.88. The firm has a market cap of $9.32 billion, a price-to-earnings ratio of 21.04, a PEG ratio of 3.30 and a beta of 0.70. The company has a current ratio of 0.73, a quick ratio of 0.51 and a debt-to-equity ratio of 1.08. The business's fifty day moving average is $44.21 and its 200-day moving average is $42.45.

OGE Energy Announces Dividend

The firm also recently disclosed 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. This represents a $1.69 annualized dividend and a yield of 3.64%. 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.