Victory Capital Management Inc. Purchases 204,837 Shares of OGE Energy Corp. (NYSE:OGE)

Victory Capital Management Inc. lifted its position in shares of OGE Energy Corp. (NYSE:OGE - Free Report) by 59.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 549,491 shares of the utilities provider's stock after purchasing an additional 204,837 shares during the quarter. Victory Capital Management Inc. owned approximately 0.27% of OGE Energy worth $22,667,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Stonebridge Financial Group LLC acquired a new stake in OGE Energy during the fourth quarter worth $35,000. Principal Securities Inc. lifted its holdings in shares of OGE Energy by 204.7% during the 4th quarter. Principal Securities Inc. now owns 981 shares of the utilities provider's stock worth $40,000 after acquiring an additional 659 shares during the period. BankPlus Trust Department acquired a new stake in shares of OGE Energy during the 4th quarter valued at about $44,000. Mather Group LLC. increased its stake in 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 acquiring an additional 279 shares during the period. Finally, Allworth Financial LP raised its position in OGE Energy by 185.8% in the fourth quarter. Allworth Financial LP now owns 1,815 shares of the utilities provider's stock worth $77,000 after purchasing an additional 1,180 shares in the last quarter. 71.84% of the stock is currently owned by institutional investors.

OGE Energy Price Performance

Shares of NYSE:OGE traded up $0.74 during trading on Friday, reaching $45.13. The stock had a trading volume of 1,230,666 shares, compared to its average volume of 1,129,513. The stock has a market capitalization of $9.09 billion, a PE ratio of 20.51, a P/E/G ratio of 3.30 and a beta of 0.70. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.73 and a quick ratio of 0.51. OGE Energy Corp. has a 52 week low of $32.37 and a 52 week high of $46.54. The business's 50-day moving average price is $43.12 and its 200 day moving average price is $41.90.

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OGE Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, April 7th will be issued a $0.4213 dividend. The ex-dividend date of this dividend is Monday, April 7th. This represents a $1.69 dividend on an annualized basis and a dividend yield of 3.73%. OGE Energy's dividend payout ratio is 76.36%.

Wall Street Analysts Forecast Growth

OGE has been the topic of a number of recent research reports. Barclays lifted their price objective on OGE Energy from $42.00 to $44.00 and gave the company an "equal weight" rating in a report on Tuesday, February 25th. Evercore ISI upgraded OGE Energy from an "in-line" rating to an "outperform" rating and upped their price target for the company from $40.00 to $47.00 in a research report on Tuesday, January 21st. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target 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.