Segall Bryant & Hamill LLC Decreases Stake in OGE Energy Corp. (NYSE:OGE)

Segall Bryant & Hamill LLC lessened its holdings in shares of OGE Energy Corp. (NYSE:OGE - Free Report) by 8.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 509,067 shares of the utilities provider's stock after selling 47,549 shares during the period. Segall Bryant & Hamill LLC owned about 0.25% of OGE Energy worth $20,999,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of OGE. Stonebridge Financial Group LLC purchased a new position in OGE Energy in the 4th quarter worth about $35,000. Principal Securities Inc. raised its stake in shares of OGE Energy by 204.7% during the fourth quarter. Principal Securities Inc. now owns 981 shares of the utilities provider's stock valued at $40,000 after acquiring an additional 659 shares in the last quarter. BankPlus Trust Department purchased a new stake in shares of OGE Energy in the fourth quarter valued at approximately $44,000. Lee Danner & Bass Inc. bought a new position in OGE Energy in the fourth quarter worth approximately $45,000. Finally, Mather Group LLC. increased its holdings in OGE Energy by 20.9% during the 4th quarter. Mather Group LLC. now owns 1,616 shares of the utilities provider's stock worth $67,000 after purchasing an additional 279 shares during the period. Institutional investors own 71.84% of the company's stock.

Analysts Set New Price Targets

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

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OGE Energy Stock Up 0.9 %

Shares of NYSE OGE traded up $0.43 during trading hours on Friday, hitting $45.49. 1,897,865 shares of the stock were exchanged, compared to its average volume of 1,165,853. OGE Energy Corp. has a 12 month low of $32.37 and a 12 month high of $46.54. The firm has a fifty day moving average price of $44.01 and a 200-day moving average price of $42.34. 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 company has a market cap of $9.16 billion, a PE ratio of 20.68, a PEG ratio of 3.30 and a beta of 0.70.

OGE Energy Announces Dividend

The firm also recently disclosed 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. The ex-dividend date is Monday, April 7th. This represents a $1.69 annualized dividend and a dividend yield of 3.70%. OGE Energy's dividend payout ratio is presently 76.36%.

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.