Sei Investments Co. Buys 105,589 Shares of OGE Energy Corp. (NYSE:OGE)

Sei Investments Co. lifted its holdings in shares of OGE Energy Corp. (NYSE:OGE - Free Report) by 129.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 187,401 shares of the utilities provider's stock after buying an additional 105,589 shares during the period. Sei Investments Co. owned about 0.09% of OGE Energy worth $7,731,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of OGE. Raymond James Financial Inc. acquired a new stake in OGE Energy in the fourth quarter valued at $11,862,000. Boston Partners boosted its stake in shares of OGE Energy by 6.6% during the 4th quarter. Boston Partners now owns 4,182,795 shares of the utilities provider's stock worth $172,554,000 after acquiring an additional 258,989 shares during the period. Victory Capital Management Inc. increased its holdings in shares of OGE Energy by 59.4% during the 4th quarter. Victory Capital Management Inc. now owns 549,491 shares of the utilities provider's stock worth $22,667,000 after acquiring an additional 204,837 shares during the last quarter. Strategic Financial Concepts LLC acquired a new stake in OGE Energy during the 4th quarter valued at $8,195,000. Finally, State Street Corp lifted its stake in shares of OGE Energy by 2.8% during the 3rd quarter. State Street Corp now owns 6,836,303 shares of the utilities provider's stock worth $280,425,000 after buying an additional 185,069 shares during the last quarter. Institutional investors and hedge funds own 71.84% of the company's stock.

Wall Street Analyst Weigh In

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

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OGE Energy Price Performance

OGE Energy stock traded down $0.43 during mid-day trading on Thursday, reaching $45.95. The company had a trading volume of 1,054,906 shares, compared to its average volume of 1,163,627. The business has a fifty day simple moving average of $44.26 and a 200 day simple moving average of $42.47. The company has a market cap of $9.25 billion, a P/E ratio of 20.89, a P/E/G ratio of 3.30 and a beta of 0.70. The company has a current ratio of 0.73, a quick ratio of 0.51 and a debt-to-equity ratio of 1.08. OGE Energy Corp. has a fifty-two week low of $32.37 and a fifty-two week high of $46.91.

OGE Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, April 7th will be given a $0.4213 dividend. The ex-dividend date of this dividend is Monday, April 7th. This represents a $1.69 annualized dividend and a yield of 3.67%. OGE Energy's dividend payout ratio is presently 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.