Peak6 LLC Takes $528,000 Position in OGE Energy Corp. (NYSE:OGE)

PEAK6 LLC acquired a new position in shares of OGE Energy Corp. (NYSE:OGE - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 12,801 shares of the utilities provider's stock, valued at approximately $528,000.

Several other institutional investors and hedge funds have also made changes to their positions in OGE. Headlands Technologies LLC purchased a new position in shares of OGE Energy in the 4th quarter valued at approximately $27,000. Bessemer Group Inc. boosted its holdings in shares of OGE Energy by 102.0% in the fourth quarter. Bessemer Group Inc. now owns 715 shares of the utilities provider's stock valued at $30,000 after acquiring an additional 361 shares in the last quarter. Stonebridge Financial Group LLC acquired a new position in shares of OGE Energy during the fourth quarter worth about $35,000. Principal Securities Inc. raised its holdings in OGE Energy by 204.7% during the fourth quarter. Principal Securities Inc. now owns 981 shares of the utilities provider's stock worth $40,000 after purchasing an additional 659 shares in the last quarter. Finally, BankPlus Trust Department acquired a new stake in OGE Energy in the fourth quarter valued at about $44,000. 71.84% of the stock is owned by hedge funds and other institutional investors.

OGE Energy Trading Down 0.7 %

Shares of OGE traded down $0.31 during mid-day trading on Friday, reaching $44.90. The company had a trading volume of 597,778 shares, compared to its average volume of 1,152,664. The stock has a market cap of $9.04 billion, a price-to-earnings ratio of 20.40, a price-to-earnings-growth ratio of 3.30 and a beta of 0.57. 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 fifty day simple moving average of $44.68 and a 200-day simple moving average of $42.85. OGE Energy Corp. has a fifty-two week low of $33.79 and a fifty-two week high of $46.91.

OGE Energy Announces Dividend

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 given a dividend of $0.4213 per share. The ex-dividend date is Monday, April 7th. This represents a $1.69 dividend on an annualized basis and a yield of 3.75%. OGE Energy's dividend payout ratio (DPR) is 76.36%.

Analyst Ratings Changes

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

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.