Mitsubishi UFJ Trust & Banking Corp Has $652,000 Stock Holdings in OGE Energy Corp. (NYSE:OGE)

Mitsubishi UFJ Trust & Banking Corp lowered its position in shares of OGE Energy Corp. (NYSE:OGE - Free Report) by 26.5% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 15,808 shares of the utilities provider's stock after selling 5,708 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp's holdings in OGE Energy were worth $652,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of OGE. Cerity Partners LLC raised its holdings in OGE Energy by 41.1% in the 3rd quarter. Cerity Partners LLC now owns 11,496 shares of the utilities provider's stock valued at $472,000 after acquiring an additional 3,350 shares in the last quarter. FMR LLC increased its position in shares of OGE Energy by 16.3% in the third quarter. FMR LLC now owns 558,967 shares of the utilities provider's stock worth $22,929,000 after purchasing an additional 78,164 shares during the period. BNP Paribas Financial Markets raised its stake in OGE Energy by 316.6% in the third quarter. BNP Paribas Financial Markets now owns 34,752 shares of the utilities provider's stock valued at $1,426,000 after purchasing an additional 26,411 shares in the last quarter. Townsquare Capital LLC lifted its position in OGE Energy by 15.0% during the third quarter. Townsquare Capital LLC now owns 12,235 shares of the utilities provider's stock worth $502,000 after purchasing an additional 1,593 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in OGE Energy by 5.8% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 44,864 shares of the utilities provider's stock worth $1,840,000 after buying an additional 2,469 shares in the last quarter. Institutional investors own 71.84% of the company's stock.

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OGE Energy Trading Down 5.0 %

Shares of NYSE:OGE traded down $2.31 during mid-day trading on Friday, reaching $43.69. 3,237,912 shares of the company's stock were exchanged, compared to its average volume of 1,167,640. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.51 and a current ratio of 0.73. OGE Energy Corp. has a twelve month low of $32.37 and a twelve month high of $46.91. The firm has a market capitalization of $8.80 billion, a price-to-earnings ratio of 19.86, a PEG ratio of 3.30 and a beta of 0.57. The business's fifty day moving average price is $44.27 and its 200-day moving average price is $42.52.

OGE Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, April 7th will be given a dividend of $0.4213 per share. This represents a $1.69 annualized dividend and a dividend yield of 3.86%. The ex-dividend date of this dividend is Monday, April 7th. OGE Energy's dividend payout ratio (DPR) is presently 76.36%.

Analysts Set New Price Targets

Several analysts recently issued reports on OGE shares. Evercore ISI upgraded shares of OGE Energy from an "in-line" rating to an "outperform" rating and increased their price target for the stock from $40.00 to $47.00 in a research report on Tuesday, January 21st. LADENBURG THALM/SH SH raised OGE Energy to a "hold" rating in a report on Monday, March 17th. Finally, Barclays boosted their price target on OGE Energy from $42.00 to $44.00 and gave the stock an "equal weight" rating in a report on Tuesday, February 25th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, OGE Energy has an average rating of "Hold" and a consensus target price of $45.67.

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.