First Trust Advisors LP Buys 11,652 Shares of OGE Energy Corp. (NYSE:OGE)

First Trust Advisors LP boosted its position in OGE Energy Corp. (NYSE:OGE - Free Report) by 1.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 667,654 shares of the utilities provider's stock after acquiring an additional 11,652 shares during the period. First Trust Advisors LP owned 0.33% of OGE Energy worth $27,541,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in OGE. Quadrant Capital Group LLC raised its stake in shares of OGE Energy by 5.2% in 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 last quarter. Mather Group LLC. lifted its holdings in shares of OGE Energy by 20.9% in the fourth 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. CIBC Asset Management Inc lifted its holdings in shares of OGE Energy by 5.1% in the fourth quarter. CIBC Asset Management Inc now owns 6,038 shares of the utilities provider's stock valued at $249,000 after purchasing an additional 295 shares in the last quarter. Bessemer Group Inc. lifted its holdings in shares of OGE Energy by 102.0% in the fourth quarter. Bessemer Group Inc. now owns 715 shares of the utilities provider's stock valued at $30,000 after purchasing an additional 361 shares in the last quarter. Finally, Commerce Bank lifted its holdings in shares of OGE Energy by 1.5% in the fourth quarter. Commerce Bank now owns 30,608 shares of the utilities provider's stock valued at $1,263,000 after purchasing an additional 450 shares in the last quarter. Institutional investors own 71.84% of the company's stock.

Analyst Ratings Changes

OGE has been the topic of a number of recent research reports. Evercore ISI upgraded OGE Energy from an "in-line" rating to an "outperform" rating and raised their target price for the company 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 report on Tuesday, April 22nd. Argus upgraded OGE Energy from a "hold" rating to a "buy" rating and set a $47.00 price objective for the company in a research note on Friday, April 11th. Finally, Barclays lifted their target price on OGE Energy from $44.00 to $45.00 and gave the stock an "equal weight" rating in a research note on Tuesday, April 22nd. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $46.25.

OGE Energy Stock Performance

OGE Energy stock traded up $0.27 during midday trading on Tuesday, reaching $45.74. The stock had a trading volume of 1,266,977 shares, compared to its average volume of 1,150,341. OGE Energy Corp. has a 12 month low of $33.98 and a 12 month high of $46.91. The firm's 50-day moving average price is $44.72 and its 200 day moving average price is $42.96. The firm has a market capitalization of $9.21 billion, a PE ratio of 20.79, a P/E/G ratio of 3.30 and a beta of 0.57. 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Monday, April 7th were paid a $0.4213 dividend. This represents a $1.69 dividend on an annualized basis and a yield of 3.68%. The ex-dividend date was Monday, April 7th. OGE Energy's dividend payout ratio 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.