Teacher Retirement System of Texas Has $3.66 Million Stock Holdings in OGE Energy Corp. (NYSE:OGE)

Teacher Retirement System of Texas lowered its holdings in shares of OGE Energy Corp. (NYSE:OGE - Free Report) by 17.8% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 88,816 shares of the utilities provider's stock after selling 19,185 shares during the period. Teacher Retirement System of Texas' holdings in OGE Energy were worth $3,664,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Harvest Fund Management Co. Ltd bought a new stake in OGE Energy in the 4th quarter valued at $324,000. Xponance Inc. raised its position in shares of OGE Energy by 5.2% in the fourth quarter. Xponance Inc. now owns 22,785 shares of the utilities provider's stock valued at $940,000 after purchasing an additional 1,131 shares during the period. Boston Partners lifted 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 buying an additional 258,989 shares during the last quarter. GWN Securities Inc. bought a new stake in shares of OGE Energy during the 4th quarter worth about $436,000. Finally, Envestnet Portfolio Solutions Inc. acquired a new position in OGE Energy in the 4th quarter valued at about $204,000. Institutional investors and hedge funds own 71.84% of the company's stock.

Wall Street Analysts Forecast Growth

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

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OGE Energy Price Performance

Shares of OGE stock traded up $0.43 during trading on Friday, hitting $45.49. The company had a trading volume of 1,897,865 shares, compared to its average volume of 1,167,547. The stock's 50-day moving average price is $44.01 and its 200 day moving average price is $42.31. OGE Energy Corp. has a one year low of $32.37 and a one year high of $46.54. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.51 and a current ratio of 0.73. The firm has a market capitalization of $9.16 billion, a P/E ratio of 20.68, a price-to-earnings-growth ratio of 3.30 and a beta of 0.70.

OGE Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, April 7th will be issued a dividend of $0.4213 per share. This represents a $1.69 annualized dividend and a dividend yield of 3.70%. The ex-dividend date of this dividend is Monday, April 7th. OGE Energy's dividend payout ratio (DPR) is currently 76.36%.

OGE Energy 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.