Royal London Asset Management Ltd. Sells 23,428 Shares of OGE Energy Corp. (NYSE:OGE)

Royal London Asset Management Ltd. cut its holdings in shares of OGE Energy Corp. (NYSE:OGE - Free Report) by 3.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 608,931 shares of the utilities provider's stock after selling 23,428 shares during the quarter. Royal London Asset Management Ltd. owned approximately 0.30% of OGE Energy worth $25,118,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of OGE. Raymond James Financial Inc. acquired a new position in OGE Energy during the fourth quarter valued at approximately $11,862,000. Verition Fund Management LLC raised its stake in shares of OGE Energy by 25.2% during the 3rd quarter. Verition Fund Management LLC now owns 1,318,556 shares of the utilities provider's stock worth $54,087,000 after purchasing an additional 265,115 shares in the last quarter. Boston Partners boosted its holdings in shares of OGE Energy by 6.6% in the 4th quarter. Boston Partners now owns 4,182,795 shares of the utilities provider's stock valued at $172,554,000 after buying an additional 258,989 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of OGE Energy by 59.4% in the fourth quarter. Victory Capital Management Inc. now owns 549,491 shares of the utilities provider's stock valued at $22,667,000 after buying an additional 204,837 shares in the last quarter. Finally, Strategic Financial Concepts LLC acquired a new position in OGE Energy during the fourth quarter worth $8,195,000. 71.84% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

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

OGE Energy Price Performance

Shares of NYSE:OGE traded up $0.49 during trading on Wednesday, reaching $44.83. 1,022,193 shares of the company traded hands, compared to its average volume of 1,129,904. The firm has a market capitalization of $9.02 billion, a PE ratio of 20.38, a PEG ratio of 3.30 and a beta of 0.70. OGE Energy Corp. has a 52 week low of $32.37 and a 52 week high of $46.54. 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's 50 day moving average is $43.82 and its two-hundred day moving average is $42.23.

OGE Energy Dividend Announcement

The company 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 annualized dividend and a dividend yield of 3.76%. OGE Energy's dividend payout ratio is 76.36%.

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.