California Public Employees Retirement System Increases Stock Position in OGE Energy Corp. (NYSE:OGE)

California Public Employees Retirement System boosted its position in OGE Energy Corp. (NYSE:OGE - Free Report) by 1.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 958,378 shares of the utilities provider's stock after acquiring an additional 15,124 shares during the period. California Public Employees Retirement System owned about 0.48% of OGE Energy worth $39,533,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of OGE. FMR LLC increased 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 valued at $22,929,000 after acquiring an additional 78,164 shares during the last quarter. PEAK6 Investments LLC purchased a new stake in OGE Energy in the third quarter valued at approximately $783,000. BNP Paribas Financial Markets increased its position in OGE Energy by 316.6% during the third quarter. BNP Paribas Financial Markets now owns 34,752 shares of the utilities provider's stock worth $1,426,000 after purchasing an additional 26,411 shares during the last quarter. Merit Financial Group LLC raised its stake in OGE Energy by 14.2% during the fourth quarter. Merit Financial Group LLC now owns 6,505 shares of the utilities provider's stock worth $268,000 after purchasing an additional 810 shares during the period. Finally, Harbor Capital Advisors Inc. boosted its holdings in shares of OGE Energy by 83.4% in the 4th quarter. Harbor Capital Advisors Inc. now owns 95,691 shares of the utilities provider's stock valued at $3,947,000 after purchasing an additional 43,529 shares during the last quarter. 71.84% of the stock is owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

A number of research firms have recently commented on OGE. Evercore ISI upgraded OGE Energy from an "in-line" rating to an "outperform" rating and upped their price objective for the stock from $40.00 to $47.00 in a report on Tuesday, January 21st. LADENBURG THALM/SH SH upgraded OGE Energy to a "hold" rating in a research note on Monday, March 17th. Finally, Barclays lifted 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. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $45.67.

OGE Energy Stock Down 3.3 %

OGE Energy stock traded down $1.44 during trading on Monday, reaching $42.22. 1,634,348 shares of the company's stock were exchanged, compared to its average volume of 1,169,500. OGE Energy Corp. has a 52-week low of $32.37 and a 52-week high of $46.91. The firm has a market cap of $8.50 billion, a price-to-earnings ratio of 19.19, a PEG ratio of 3.30 and a beta of 0.57. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.51 and a current ratio of 0.73. The company's 50-day moving average is $44.26 and its two-hundred day moving average is $42.53.

OGE Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, April 7th will be paid a $0.4213 dividend. The ex-dividend date is Monday, April 7th. This represents a $1.69 dividend on an annualized basis and a dividend yield of 3.99%. OGE Energy's dividend payout ratio (DPR) is currently 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.