OGE Energy Corp. (NYSE:OGE) Shares Acquired by Allianz Asset Management GmbH

Allianz Asset Management GmbH grew its holdings in OGE Energy Corp. (NYSE:OGE - Free Report) by 15.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,230,591 shares of the utilities provider's stock after acquiring an additional 168,323 shares during the quarter. Allianz Asset Management GmbH owned 0.61% of OGE Energy worth $50,762,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. State Street Corp boosted its holdings in OGE Energy by 2.8% in the third quarter. State Street Corp now owns 6,836,303 shares of the utilities provider's stock worth $280,425,000 after acquiring an additional 185,069 shares in the last quarter. Geode Capital Management LLC boosted its holdings in OGE Energy by 1.2% in the third quarter. Geode Capital Management LLC now owns 3,349,471 shares of the utilities provider's stock worth $137,433,000 after acquiring an additional 40,733 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in OGE Energy by 0.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,339,833 shares of the utilities provider's stock worth $54,960,000 after acquiring an additional 4,761 shares in the last quarter. Verition Fund Management LLC boosted its holdings in OGE Energy by 25.2% in the third quarter. Verition Fund Management LLC now owns 1,318,556 shares of the utilities provider's stock worth $54,087,000 after acquiring an additional 265,115 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its holdings in OGE Energy by 3,834.0% in the third quarter. International Assets Investment Management LLC now owns 748,608 shares of the utilities provider's stock worth $30,708,000 after acquiring an additional 729,579 shares in the last quarter. Institutional investors and hedge funds own 71.84% of the company's stock.

OGE Energy Trading Up 2.0 %

OGE Energy stock opened at $45.19 on Friday. 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 52 week low of $32.37 and a 52 week high of $45.32. The company has a market capitalization of $9.09 billion, a price-to-earnings ratio of 20.54, a price-to-earnings-growth ratio of 3.30 and a beta of 0.78. The stock has a 50-day moving average price of $42.12 and a 200 day moving average price of $41.37.

OGE Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, April 7th will be given a dividend of $0.4213 per share. This represents a $1.69 annualized dividend and a yield of 3.73%. The ex-dividend date of this dividend is Monday, April 7th. OGE Energy's dividend payout ratio is currently 76.36%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Evercore ISI raised OGE Energy from an "in-line" rating to an "outperform" rating and raised their price target for the stock from $40.00 to $47.00 in a report on Tuesday, January 21st. Barclays decreased their target price on OGE Energy from $43.00 to $42.00 and set an "equal weight" rating for the company in a report on Friday, January 24th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, OGE Energy currently has an average rating of "Hold" and a consensus price target of $45.00.

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.

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