OGE Energy Corp. (NYSE:OGE) Shares Sold by World Investment Advisors

World Investment Advisors lessened its stake in shares of OGE Energy Corp. (NYSE:OGE - Free Report) by 71.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,896 shares of the utilities provider's stock after selling 12,441 shares during the period. World Investment Advisors' holdings in OGE Energy were worth $202,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in OGE. Headlands Technologies LLC purchased a new position in shares of OGE Energy during the fourth quarter valued at approximately $27,000. Stonebridge Financial Group LLC acquired a new stake in OGE Energy in the fourth quarter worth about $35,000. Principal Securities Inc. grew its holdings in shares of OGE Energy by 204.7% during the fourth quarter. Principal Securities Inc. now owns 981 shares of the utilities provider's stock valued at $40,000 after buying an additional 659 shares during the last quarter. BankPlus Trust Department purchased a new stake in OGE Energy in the fourth quarter valued at approximately $44,000. Finally, Lee Danner & Bass Inc. purchased a new stake in OGE Energy in the fourth quarter valued at $45,000. Hedge funds and other institutional investors own 71.84% of the company's stock.

OGE Energy Stock Performance

NYSE OGE traded up $0.12 on Tuesday, reaching $44.88. The stock had a trading volume of 187,660 shares, compared to its average volume of 1,249,846. The stock has a market cap of $9.03 billion, a P/E ratio of 20.40, a price-to-earnings-growth ratio of 3.30 and a beta of 0.57. OGE Energy Corp. has a 12-month low of $32.37 and a 12-month high of $46.91. The business's 50-day moving average price is $44.41 and its 200 day moving average price is $42.65. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.51 and a current ratio of 0.73.

Remove Ads

OGE Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, April 7th will be paid a $0.4213 dividend. The ex-dividend date is Monday, April 7th. This represents a $1.69 dividend on an annualized basis and a yield of 3.75%. OGE Energy's dividend payout ratio is presently 76.36%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Evercore ISI upgraded OGE Energy from an "in-line" rating to an "outperform" rating and raised their target price for the company from $40.00 to $47.00 in a research report on Tuesday, January 21st. LADENBURG THALM/SH SH raised OGE Energy to a "hold" rating in a research note on Monday, March 17th. Argus upgraded OGE Energy from a "hold" rating to a "buy" rating and set a $47.00 price objective on the stock in a report on Friday. Finally, Barclays upped their price target on OGE Energy from $42.00 to $44.00 and gave the stock an "equal weight" rating in a report on Tuesday, February 25th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $46.00.

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.