OGE Energy Corp. (NYSE:OGE) Given Average Rating of "Moderate Buy" by Brokerages

Shares of OGE Energy Corp. (NYSE:OGE - Get Free Report) have been given an average recommendation of "Moderate Buy" by the four brokerages that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $45.00.

A number of brokerages have weighed in on OGE. Barclays dropped their target price on shares of OGE Energy from $43.00 to $42.00 and set an "equal weight" rating for the company in a research note on Friday, January 24th. Evercore ISI upgraded shares of OGE Energy from an "in-line" rating to an "outperform" rating and boosted their price objective for the stock from $40.00 to $47.00 in a research report on Tuesday, January 21st.

Institutional Trading of OGE Energy

Several institutional investors and hedge funds have recently made changes to their positions in OGE. Quadrant Capital Group LLC grew its stake in shares of OGE Energy by 5.2% during the fourth quarter. Quadrant Capital Group LLC now owns 4,825 shares of the utilities provider's stock worth $199,000 after purchasing an additional 239 shares during the period. Mather Group LLC. grew its position in shares of OGE Energy by 20.9% during the 4th quarter. Mather Group LLC. now owns 1,616 shares of the utilities provider's stock worth $67,000 after buying an additional 279 shares during the period. CIBC Asset Management Inc increased its stake in shares of OGE Energy by 5.1% in the 4th quarter. CIBC Asset Management Inc now owns 6,038 shares of the utilities provider's stock valued at $249,000 after acquiring an additional 295 shares during the last quarter. Centennial Wealth Advisory LLC raised its position in shares of OGE Energy by 3.8% in the 3rd quarter. Centennial Wealth Advisory LLC now owns 8,120 shares of the utilities provider's stock valued at $333,000 after acquiring an additional 300 shares during the period. Finally, Mercer Global Advisors Inc. ADV raised its position in shares of OGE Energy by 1.3% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 28,157 shares of the utilities provider's stock valued at $1,161,000 after acquiring an additional 354 shares during the period. Institutional investors own 71.84% of the company's stock.

OGE Energy Price Performance

Shares of OGE Energy stock traded up $0.35 during trading on Friday, reaching $43.88. The company's stock had a trading volume of 95,003 shares, compared to its average volume of 817,076. The stock has a 50-day moving average price of $41.93 and a two-hundred day moving average price of $41.24. The stock has a market capitalization of $8.82 billion, a P/E ratio of 22.74, a price-to-earnings-growth ratio of 3.18 and a beta of 0.78. The company has a current ratio of 0.86, a quick ratio of 0.51 and a debt-to-equity ratio of 1.09. OGE Energy has a one year low of $32.37 and a one year high of $44.41.

OGE Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Monday, January 6th were given a dividend of $0.4213 per share. This represents a $1.69 annualized dividend and a dividend yield of 3.84%. The ex-dividend date was Monday, January 6th. OGE Energy's dividend payout ratio is 87.05%.

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.