OGE Energy Corp. (NYSE:OGE) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its holdings in OGE Energy Corp. (NYSE:OGE - Free Report) by 0.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,350,343 shares of the utilities provider's stock after buying an additional 10,510 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.67% of OGE Energy worth $55,702,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Stonebridge Financial Group LLC acquired a new position in OGE Energy during the fourth quarter worth about $35,000. Principal Securities Inc. boosted its stake in shares of OGE Energy by 204.7% during the 4th quarter. Principal Securities Inc. now owns 981 shares of the utilities provider's stock worth $40,000 after acquiring an additional 659 shares in the last quarter. BankPlus Trust Department acquired a new stake in shares of OGE Energy in the 4th quarter worth approximately $44,000. Mather Group LLC. increased its stake in OGE Energy by 20.9% in the 4th quarter. Mather Group LLC. now owns 1,616 shares of the utilities provider's stock valued at $67,000 after purchasing an additional 279 shares in the last quarter. Finally, Allworth Financial LP raised its holdings in OGE Energy by 185.8% during the fourth quarter. Allworth Financial LP now owns 1,815 shares of the utilities provider's stock worth $77,000 after purchasing an additional 1,180 shares during the last quarter. 71.84% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on OGE shares. Evercore ISI raised OGE Energy from an "in-line" rating to an "outperform" rating and upped their target price for the company from $40.00 to $47.00 in a report on Tuesday, January 21st. Barclays increased their price objective on shares of OGE Energy from $42.00 to $44.00 and gave the company an "equal weight" rating in a research note on Tuesday, February 25th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $45.67.

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OGE Energy Price Performance

NYSE:OGE traded down $0.32 during trading hours on Monday, reaching $44.74. 4,507,596 shares of the company traded hands, compared to its average volume of 1,135,094. OGE Energy Corp. has a 1-year low of $32.37 and a 1-year high of $46.54. The stock has a market cap of $9.01 billion, a P/E ratio of 20.34, a P/E/G ratio of 3.30 and a beta of 0.70. The firm's 50-day moving average is $43.19 and its 200-day moving average is $41.98. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.73 and a quick ratio of 0.51.

OGE Energy Announces Dividend

The business also recently disclosed 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 dividend on an annualized basis and a yield of 3.77%. The ex-dividend date is Monday, April 7th. 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.