Analysts Set OGE Energy Corp. (NYSE:OGE) Price Target at $46.00

Shares of OGE Energy Corp. (NYSE:OGE - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the five ratings firms that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $46.00.

A number of equities analysts have commented on the company. Argus upgraded OGE Energy from a "hold" rating to a "buy" rating and set a $47.00 target price for the company in a research note on Friday, April 11th. LADENBURG THALM/SH SH upgraded OGE Energy to a "hold" rating in a research note on Monday, March 17th. Barclays boosted their price target on shares of OGE Energy from $42.00 to $44.00 and gave the company 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 lifted their price objective for the company from $40.00 to $47.00 in a research report on Tuesday, January 21st.

Institutional Trading of OGE Energy

Institutional investors have recently made changes to their positions in the stock. NBT Bank N A NY raised its holdings in OGE Energy by 100.0% during the first quarter. NBT Bank N A NY now owns 1,200 shares of the utilities provider's stock worth $55,000 after purchasing an additional 600 shares in the last quarter. Robertson Stephens Wealth Management LLC acquired a new stake in shares of OGE Energy in the first quarter valued at $473,000. Inscription Capital LLC bought a new position in OGE Energy during the first quarter valued at about $322,000. QRG Capital Management Inc. grew its holdings in OGE Energy by 19.4% during the first quarter. QRG Capital Management Inc. now owns 20,834 shares of the utilities provider's stock worth $958,000 after acquiring an additional 3,385 shares during the period. Finally, Sowell Financial Services LLC bought a new stake in OGE Energy in the first quarter worth about $305,000. 71.84% of the stock is owned by institutional investors and hedge funds.

OGE Energy Stock Performance

Shares of NYSE:OGE traded up $0.31 on Friday, reaching $45.01. 887,360 shares of the company's stock were exchanged, compared to its average volume of 1,169,796. OGE Energy has a fifty-two week low of $32.83 and a fifty-two week high of $46.91. The business's 50-day moving average is $44.53 and its two-hundred day moving average is $42.70. The company has a quick ratio of 0.51, a current ratio of 0.73 and a debt-to-equity ratio of 1.08. The firm has a market capitalization of $9.06 billion, a price-to-earnings ratio of 20.46, a PEG ratio of 3.30 and a beta of 0.57.

OGE Energy Announces Dividend

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

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.