Vanguard Group Inc. Acquires 203,129 Shares of OGE Energy Corp. (NYSE:OGE)

Vanguard Group Inc. raised its holdings in shares of OGE Energy Corp. (NYSE:OGE - Free Report) by 1.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,413,588 shares of the utilities provider's stock after purchasing an additional 203,129 shares during the period. Vanguard Group Inc. owned 10.66% of OGE Energy worth $883,311,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Mather Group LLC. raised its position in shares of OGE Energy by 20.9% during the 4th quarter. Mather Group LLC. now owns 1,616 shares of the utilities provider's stock valued at $67,000 after acquiring an additional 279 shares during the last quarter. CIBC Asset Management Inc increased its holdings in OGE Energy by 5.1% in the fourth quarter. CIBC Asset Management Inc now owns 6,038 shares of the utilities provider's stock valued at $249,000 after purchasing an additional 295 shares during the last quarter. Gries Financial LLC increased its holdings in OGE Energy by 1.7% in the fourth quarter. Gries Financial LLC now owns 30,877 shares of the utilities provider's stock valued at $1,274,000 after purchasing an additional 514 shares during the last quarter. UMB Bank n.a. lifted its stake in OGE Energy by 6.7% in the fourth quarter. UMB Bank n.a. now owns 8,209 shares of the utilities provider's stock valued at $339,000 after buying an additional 515 shares during the period. Finally, Arizona State Retirement System boosted its holdings in OGE Energy by 1.0% during the fourth quarter. Arizona State Retirement System now owns 58,296 shares of the utilities provider's stock worth $2,405,000 after buying an additional 549 shares during the last quarter. Institutional investors and hedge funds own 71.84% of the company's stock.

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OGE Energy Stock Down 0.9 %

NYSE OGE traded down $0.43 during trading hours on Thursday, reaching $45.95. 1,054,906 shares of the company's stock were exchanged, compared to its average volume of 1,163,627. The company's 50-day moving average is $44.26 and its two-hundred day moving average is $42.47. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.51 and a current ratio of 0.73. OGE Energy Corp. has a one year low of $32.37 and a one year high of $46.91. The company has a market capitalization of $9.25 billion, a price-to-earnings ratio of 20.89, a price-to-earnings-growth ratio of 3.30 and a beta of 0.70.

OGE Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, April 7th will be issued a $0.4213 dividend. The ex-dividend date of this dividend is Monday, April 7th. This represents a $1.69 dividend on an annualized basis and a dividend yield of 3.67%. OGE Energy's dividend payout ratio (DPR) is 76.36%.

Analysts Set New Price Targets

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

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.