Analysts Set OGE Energy Corp. (NYSE:OGE) Price Target at $45.67

OGE Energy Corp. (NYSE:OGE - Get Free Report) has been assigned an average recommendation of "Hold" from the five research firms that are presently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $45.67.

Several research firms have recently weighed in on OGE. LADENBURG THALM/SH SH upgraded shares of OGE Energy to a "hold" rating in a research report on Monday, March 17th. Evercore ISI upgraded OGE Energy from an "in-line" rating to an "outperform" rating and increased their price target for the stock from $40.00 to $47.00 in a report on Tuesday, January 21st. Finally, Barclays boosted their price objective on OGE Energy from $42.00 to $44.00 and gave the company an "equal weight" rating in a research note on Tuesday, February 25th.

Hedge Funds Weigh In On OGE Energy

Institutional investors and hedge funds have recently made changes to their positions in the stock. Norges Bank acquired a new position in OGE Energy during the 4th quarter worth approximately $68,876,000. Merewether Investment Management LP bought a new stake in shares of OGE Energy during the fourth quarter valued at approximately $44,470,000. Cohen & Steers Inc. acquired a new position in shares of OGE Energy during the fourth quarter worth approximately $43,618,000. T. Rowe Price Investment Management Inc. lifted its holdings in shares of OGE Energy by 15.8% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 6,174,558 shares of the utilities provider's stock worth $254,701,000 after purchasing an additional 844,679 shares in the last quarter. Finally, Northern Trust Corp grew its position in OGE Energy by 29.3% in the 4th quarter. Northern Trust Corp now owns 3,562,014 shares of the utilities provider's stock valued at $146,933,000 after purchasing an additional 807,690 shares during the period. Institutional investors own 71.84% of the company's stock.

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OGE Energy Trading Down 0.7 %

OGE stock traded down $0.31 during trading on Wednesday, hitting $44.95. The company had a trading volume of 3,377,872 shares, compared to its average volume of 1,128,967. The company has a current ratio of 0.73, a quick ratio of 0.51 and a debt-to-equity ratio of 1.08. OGE Energy has a one year low of $32.37 and a one year high of $46.54. The business has a 50-day moving average of $43.65 and a 200-day moving average of $42.16. The stock has a market cap of $9.05 billion, a PE ratio of 20.43, a PEG ratio of 3.30 and a beta of 0.70.

OGE Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, April 7th will be paid a $0.4213 dividend. This represents a $1.69 annualized dividend and a yield of 3.75%. The ex-dividend date is Monday, April 7th. OGE Energy's dividend payout ratio (DPR) is currently 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.