Strs Ohio lifted its position in shares of OGE Energy Corp. (NYSE:OGE) by 10,036.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 253,501 shares of the utilities provider’s stock after purchasing an additional 251,000 shares during the quarter. Strs Ohio owned about 0.13% of OGE Energy worth $8,342,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Shell Asset Management Co. raised its stake in OGE Energy by 33.0% during the third quarter. Shell Asset Management Co. now owns 56,322 shares of the utilities provider’s stock valued at $2,090,000 after buying an additional 13,982 shares during the last quarter. Mutual of America Capital Management LLC raised its stake in OGE Energy by 1.6% during the third quarter. Mutual of America Capital Management LLC now owns 161,802 shares of the utilities provider’s stock valued at $5,830,000 after buying an additional 2,549 shares during the last quarter. Fox Run Management L.L.C. purchased a new position in OGE Energy during the third quarter valued at $1,034,000. Schwab Charles Investment Management Inc. raised its stake in OGE Energy by 3.9% during the third quarter. Schwab Charles Investment Management Inc. now owns 685,411 shares of the utilities provider’s stock valued at $24,696,000 after buying an additional 25,849 shares during the last quarter. Finally, Legal & General Group Plc raised its stake in shares of OGE Energy by 10.5% in the third quarter. Legal & General Group Plc now owns 572,130 shares of the utilities provider’s stock worth $20,613,000 after purchasing an additional 54,243 shares during the last quarter. Institutional investors own 62.00% of the company’s stock.
OGE Energy Corp. (NYSE OGE) opened at $30.87 on Tuesday. OGE Energy Corp. has a one year low of $29.59 and a one year high of $37.40. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.46 and a current ratio of 0.63. The company has a market capitalization of $6,160.00, a P/E ratio of 16.16, a P/E/G ratio of 2.85 and a beta of 0.84.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 30th. Shareholders of record on Wednesday, January 10th were given a dividend of $0.3325 per share. The ex-dividend date of this dividend was Tuesday, January 9th. This represents a $1.33 dividend on an annualized basis and a yield of 4.31%. OGE Energy’s dividend payout ratio (DPR) is presently 69.63%.
In other OGE Energy news, VP Patricia D. Horn sold 10,051 shares of the company’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $35.56, for a total transaction of $357,413.56. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.48% of the company’s stock.
Several research analysts have recently weighed in on the company. Edward Jones cut OGE Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, December 27th. Zacks Investment Research cut OGE Energy from a “hold” rating to a “sell” rating in a research report on Friday, December 22nd. Bank of America started coverage on OGE Energy in a research report on Tuesday, October 24th. They set an “underperform” rating and a $37.00 price objective for the company. UBS Group started coverage on OGE Energy in a report on Friday, February 2nd. They set a “neutral” rating and a $33.00 price target for the company. Finally, Goldman Sachs Group raised OGE Energy from a “neutral” rating to a “buy” rating and set a $38.00 price target for the company in a report on Wednesday, January 10th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company’s stock. OGE Energy has a consensus rating of “Hold” and a consensus target price of $36.67.
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OGE Energy Company Profile
OGE Energy Corp. (OGE Energy) is an energy and energy services provider offering physical delivery and related services for both electricity and natural gas primarily in the south central United States. The Company operates through two segments: electric utility and natural gas midstream operations. The electric utility segment generates, transmits, distributes and sells electric energy in Oklahoma and western Arkansas.
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