Thompson Siegel & Walmsley LLC Sells 763,624 Shares of OGE Energy Corp. (NYSE:OGE)

Thompson Siegel & Walmsley LLC cut its stake in OGE Energy Corp. (NYSE:OGE - Free Report) by 28.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,950,922 shares of the utilities provider's stock after selling 763,624 shares during the quarter. OGE Energy comprises approximately 1.3% of Thompson Siegel & Walmsley LLC's holdings, making the stock its 15th largest holding. Thompson Siegel & Walmsley LLC owned approximately 0.97% of OGE Energy worth $80,476,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of OGE. Versor Investments LP bought a new stake in OGE Energy in the third quarter worth $783,000. Entropy Technologies LP bought a new stake in shares of OGE Energy during the third quarter worth $1,635,000. GSA Capital Partners LLP bought a new stake in shares of OGE Energy during the third quarter worth $392,000. Victory Capital Management Inc. lifted its position in shares of OGE Energy by 17.5% during the third quarter. Victory Capital Management Inc. now owns 344,654 shares of the utilities provider's stock worth $14,138,000 after purchasing an additional 51,437 shares during the last quarter. Finally, MQS Management LLC purchased a new position in shares of OGE Energy during the third quarter valued at $599,000. 71.84% of the stock is currently owned by institutional investors.

OGE Energy Trading Up 0.6 %

OGE Energy stock opened at $44.36 on Thursday. OGE Energy Corp. has a 52 week low of $32.37 and a 52 week high of $46.54. The company has a market capitalization of $8.93 billion, a price-to-earnings ratio of 20.16, a price-to-earnings-growth ratio of 3.30 and a beta of 0.70. The stock has a 50-day moving average price of $43.00 and a 200 day moving average price of $41.87. The company has a quick ratio of 0.51, a current ratio of 0.73 and a debt-to-equity ratio of 1.08.

OGE Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, April 7th will be paid a dividend of $0.4213 per share. This represents a $1.69 annualized dividend and a dividend yield of 3.80%. The ex-dividend date of this dividend is Monday, April 7th. OGE Energy's payout ratio is 76.36%.

Analyst Ratings Changes

Several brokerages have recently commented on OGE. Barclays raised their price target on OGE Energy from $42.00 to $44.00 and gave the company an "equal weight" rating in a research note on Tuesday, February 25th. Evercore ISI upgraded OGE Energy from an "in-line" rating to an "outperform" rating and raised their price target for the company from $40.00 to $47.00 in a research note on Tuesday, January 21st. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, OGE Energy currently has a consensus rating of "Hold" and an average target price of $45.67.

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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.

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