Mitsubishi UFJ Trust & Banking Corp Has $652,000 Stock Holdings in OGE Energy Corp. (NYSE:OGE)

Mitsubishi UFJ Trust & Banking Corp decreased its position in shares of OGE Energy Corp. (NYSE:OGE) by 26.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 15,808 shares of the utilities provider’s stock after selling 5,708 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in OGE Energy were worth $652,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of OGE. Vanguard Group Inc. lifted its holdings in shares of OGE Energy by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 21,413,588 shares of the utilities provider’s stock valued at $883,311,000 after buying an additional 203,129 shares during the last quarter. State Street Corp raised its position in OGE Energy by 2.8% during the third quarter. State Street Corp now owns 6,836,303 shares of the utilities provider’s stock valued at $280,425,000 after acquiring an additional 185,069 shares in the last quarter. Boston Partners lifted its stake in OGE Energy by 6.6% in the fourth quarter. Boston Partners now owns 4,182,795 shares of the utilities provider’s stock valued at $172,554,000 after acquiring an additional 258,989 shares during the last quarter. Geode Capital Management LLC grew its position in OGE Energy by 1.2% in the third quarter. Geode Capital Management LLC now owns 3,349,471 shares of the utilities provider’s stock worth $137,433,000 after acquiring an additional 40,733 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of 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 worth $55,702,000 after purchasing an additional 10,510 shares during the last quarter. Hedge funds and other institutional investors own 71.84% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on OGE shares. Barclays upped their price objective on shares of OGE Energy from $42.00 to $44.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 25th. Evercore ISI upgraded OGE Energy from an “in-line” rating to an “outperform” rating and upped their price target for the stock from $40.00 to $47.00 in a research note on Tuesday, January 21st. Finally, LADENBURG THALM/SH SH upgraded OGE Energy to a “hold” rating in a report on Monday, March 17th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $45.67.

OGE Energy Stock Up 0.4 %

OGE stock opened at $46.15 on Wednesday. The stock has a market capitalization of $9.29 billion, a price-to-earnings ratio of 20.98, a price-to-earnings-growth ratio of 3.30 and a beta of 0.70. The company has a 50-day moving average of $44.13 and a two-hundred day moving average of $42.42. OGE Energy Corp. has a 52-week low of $32.37 and a 52-week high of $46.54. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.73 and a quick ratio of 0.51.

OGE Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, April 7th will be issued a $0.4213 dividend. This represents a $1.69 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date is Monday, April 7th. OGE Energy’s dividend payout ratio (DPR) is currently 76.36%.

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.