Assetmark Inc. Buys 16,244 Shares of OGE Energy Corp. (NYSE:OGE)

Assetmark Inc. boosted its holdings in shares of OGE Energy Corp. (NYSE:OGE - Free Report) by 4.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 362,601 shares of the utilities provider's stock after buying an additional 16,244 shares during the period. Assetmark Inc. owned approximately 0.18% of OGE Energy worth $14,957,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. State Street Corp lifted its stake in shares of OGE Energy by 2.8% in the 3rd quarter. State Street Corp now owns 6,836,303 shares of the utilities provider's stock valued at $280,425,000 after purchasing an additional 185,069 shares during the last quarter. Geode Capital Management LLC increased its position in shares of OGE Energy by 1.2% during the third quarter. Geode Capital Management LLC now owns 3,349,471 shares of the utilities provider's stock valued at $137,433,000 after purchasing an additional 40,733 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of OGE Energy by 0.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,350,343 shares of the utilities provider's stock worth $55,702,000 after acquiring an additional 10,510 shares during the period. Verition Fund Management LLC boosted its holdings in OGE Energy by 25.2% during the third quarter. Verition Fund Management LLC now owns 1,318,556 shares of the utilities provider's stock valued at $54,087,000 after purchasing an additional 265,115 shares in the last quarter. Finally, Allianz Asset Management GmbH grew its position in OGE Energy by 15.8% in the fourth quarter. Allianz Asset Management GmbH now owns 1,230,591 shares of the utilities provider's stock valued at $50,762,000 after acquiring an additional 168,323 shares during the period. 71.84% of the stock is owned by hedge funds and other institutional investors.

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OGE Energy Stock Performance

Shares of NYSE OGE traded up $0.40 during midday trading on Monday, hitting $44.31. 1,732,618 shares of the company's stock were exchanged, compared to its average volume of 1,130,881. OGE Energy Corp. has a 12 month low of $32.37 and a 12 month high of $46.54. The company's 50 day moving average price is $42.88 and its 200 day moving average price is $41.80. The company has a quick ratio of 0.51, a current ratio of 0.73 and a debt-to-equity ratio of 1.08. The firm has a market capitalization of $8.92 billion, a PE ratio of 20.14, a price-to-earnings-growth ratio of 3.30 and a beta of 0.70.

OGE Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, April 7th will be issued a dividend of $0.4213 per share. This represents a $1.69 dividend on an annualized basis and a dividend yield of 3.80%. The ex-dividend date of this dividend is Monday, April 7th. OGE Energy's dividend payout ratio is currently 76.36%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Evercore ISI raised shares of OGE Energy from an "in-line" rating to an "outperform" rating and raised their price objective for the stock from $40.00 to $47.00 in a report on Tuesday, January 21st. Barclays raised their target price 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 research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, OGE Energy presently has a consensus rating of "Hold" and an average target price of $45.67.

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.