OGE Energy (NYSE:OGE) Sees Large Volume Increase - What's Next?

OGE Energy Corp. (NYSE:OGE - Get Free Report) shares saw an uptick in trading volume on Monday . 2,062,954 shares changed hands during trading, an increase of 83% from the previous session's volume of 1,126,007 shares.The stock last traded at $44.77 and had previously closed at $45.06.

Analyst Ratings Changes

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

OGE Energy Stock Down 1.0 %

The company has a current ratio of 0.73, a quick ratio of 0.51 and a debt-to-equity ratio of 1.08. The firm has a market capitalization of $9.02 billion, a P/E ratio of 20.37, a P/E/G ratio of 3.30 and a beta of 0.70. The stock's 50-day simple moving average is $43.54 and its 200-day simple moving average is $42.09.

OGE Energy Announces Dividend

The business 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 $0.4213 dividend. This represents a $1.69 dividend on an annualized basis and a yield of 3.76%. The ex-dividend date of this dividend is Monday, April 7th. OGE Energy's payout ratio is 76.36%.

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Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. GSA Capital Partners LLP purchased a new stake in shares of OGE Energy during the 3rd quarter valued at approximately $392,000. KBC Group NV lifted its stake in shares of OGE Energy by 13.2% during the 3rd quarter. KBC Group NV now owns 5,021 shares of the utilities provider's stock valued at $206,000 after buying an additional 584 shares in the last quarter. CIBC Asset Management Inc purchased a new stake in shares of OGE Energy during the 3rd quarter valued at approximately $236,000. Natixis Advisors LLC lifted its stake in shares of OGE Energy by 12.5% during the 3rd quarter. Natixis Advisors LLC now owns 72,751 shares of the utilities provider's stock valued at $2,984,000 after buying an additional 8,060 shares in the last quarter. Finally, Navellier & Associates Inc. purchased a new stake in shares of OGE Energy during the 3rd quarter valued at approximately $785,000. 71.84% of the stock is currently owned by hedge funds and other institutional investors.

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.