OGE Energy Corp. (NYSE:OGE) Shares Acquired by NewEdge Advisors LLC

NewEdge Advisors LLC raised its holdings in shares of OGE Energy Corp. (NYSE:OGE - Free Report) by 26.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 44,445 shares of the utilities provider's stock after purchasing an additional 9,307 shares during the period. NewEdge Advisors LLC's holdings in OGE Energy were worth $1,833,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Norges Bank acquired a new position in OGE Energy during the 4th quarter valued at about $68,876,000. Cohen & Steers Inc. acquired a new stake in OGE Energy in the 4th quarter worth approximately $43,618,000. Raymond James Financial Inc. purchased a new stake in OGE Energy during the 4th quarter worth approximately $11,862,000. Boston Partners increased its stake in OGE Energy by 6.6% during the 4th quarter. Boston Partners now owns 4,182,795 shares of the utilities provider's stock valued at $172,554,000 after purchasing an additional 258,989 shares in the last quarter. Finally, Duff & Phelps Investment Management Co. raised its holdings in shares of OGE Energy by 11.7% in the fourth quarter. Duff & Phelps Investment Management Co. now owns 2,089,289 shares of the utilities provider's stock worth $86,183,000 after buying an additional 218,509 shares during the last quarter. Hedge funds and other institutional investors own 71.84% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on OGE shares. Argus raised OGE Energy from a "hold" rating to a "buy" rating and set a $47.00 target price on the stock in a research report on Friday, April 11th. LADENBURG THALM/SH SH raised OGE Energy to a "hold" rating in a report on Tuesday. Evercore ISI raised shares of OGE Energy from an "in-line" rating to an "outperform" rating and upped their price objective for the company from $40.00 to $47.00 in a report on Tuesday, January 21st. Finally, Barclays upped their price target on shares of OGE Energy from $44.00 to $45.00 and gave the company an "equal weight" rating in a report on Tuesday. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, OGE Energy has an average rating of "Moderate Buy" and an average price target of $46.25.

OGE Energy Price Performance

Shares of NYSE OGE traded down $0.29 during midday trading on Friday, hitting $44.92. The stock had a trading volume of 945,625 shares, compared to its average volume of 1,149,507. 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 stock has a 50 day simple moving average of $44.70 and a 200-day simple moving average of $42.88. The company has a market capitalization of $9.04 billion, a PE ratio of 20.42, a P/E/G ratio of 3.30 and a beta of 0.57. OGE Energy Corp. has a 1 year low of $33.79 and a 1 year high of $46.91.

OGE Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, April 7th will be paid a dividend of $0.4213 per share. The ex-dividend date of this dividend is Monday, April 7th. This represents a $1.69 annualized dividend and a yield of 3.75%. OGE Energy's dividend payout ratio (DPR) 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.