Advisors Asset Management Inc. Reduces Stock Holdings in OGE Energy Corp. (NYSE:OGE)

Advisors Asset Management Inc. cut its holdings in OGE Energy Corp. (NYSE:OGE) by 4.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 86,585 shares of the utilities provider’s stock after selling 4,113 shares during the period. Advisors Asset Management Inc.’s holdings in OGE Energy were worth $3,572,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. State Street Corp lifted its holdings in shares of OGE Energy by 2.8% in the third quarter. State Street Corp now owns 6,836,303 shares of the utilities provider’s stock valued at $280,425,000 after purchasing an additional 185,069 shares in the last quarter. Geode Capital Management LLC lifted its stake in OGE Energy by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 3,349,471 shares of the utilities provider’s stock valued at $137,433,000 after buying an additional 40,733 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in OGE Energy by 0.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,350,343 shares of the utilities provider’s stock valued at $55,702,000 after buying an additional 10,510 shares during the last quarter. Verition Fund Management LLC increased its position in OGE Energy by 25.2% during the third quarter. Verition Fund Management LLC now owns 1,318,556 shares of the utilities provider’s stock worth $54,087,000 after buying an additional 265,115 shares in the last quarter. Finally, Allianz Asset Management GmbH raised its holdings in shares of OGE Energy by 15.8% in the fourth quarter. Allianz Asset Management GmbH now owns 1,230,591 shares of the utilities provider’s stock worth $50,762,000 after acquiring an additional 168,323 shares during the last quarter. 71.84% of the stock is owned by institutional investors and hedge funds.

OGE Energy Stock Up 0.3 %

OGE opened at $45.31 on Friday. OGE Energy Corp. has a 12 month low of $32.37 and a 12 month high of $46.54. The business has a 50-day moving average of $43.54 and a two-hundred day moving average of $42.09. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.73 and a quick ratio of 0.51. The stock has a market capitalization of $9.12 billion, a price-to-earnings ratio of 20.60, a price-to-earnings-growth ratio of 3.30 and a beta of 0.70.

OGE Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, April 7th will be issued 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 3.72%. OGE Energy’s payout ratio is 76.36%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on OGE shares. Evercore ISI raised OGE Energy from an “in-line” rating to an “outperform” rating and increased their price objective for the company from $40.00 to $47.00 in a research note on Tuesday, January 21st. LADENBURG THALM/SH SH raised shares of OGE Energy to a “hold” rating in a research report on Monday. Finally, Barclays upped their price objective 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. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $45.67.

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.