OGE Energy Corp. (NYSE:OGE) Shares Sold by Reaves W H & Co. Inc.

Reaves W H & Co. Inc. decreased its holdings in shares of OGE Energy Corp. (NYSE:OGE) by 3.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,225,374 shares of the utilities provider’s stock after selling 37,493 shares during the quarter. Reaves W H & Co. Inc. owned about 0.61% of OGE Energy worth $50,547,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. State Street Corp increased its stake 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 worth $280,425,000 after acquiring an additional 185,069 shares during the last quarter. Geode Capital Management LLC increased its stake in OGE Energy by 1.2% during 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 during the last quarter. Charles Schwab Investment Management Inc. increased its stake in OGE Energy by 0.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,339,833 shares of the utilities provider’s stock worth $54,960,000 after acquiring an additional 4,761 shares during the last quarter. Verition Fund Management LLC increased its stake 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 acquiring an additional 265,115 shares during the last quarter. Finally, Allianz Asset Management GmbH increased its stake in OGE Energy by 15.8% during 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. Institutional investors and hedge funds own 71.84% of the company’s stock.

Analyst Upgrades and Downgrades

OGE has been the subject of several research analyst reports. Barclays raised their price target on OGE Energy from $42.00 to $44.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 25th. Evercore ISI upgraded OGE Energy from an “in-line” rating to an “outperform” rating and raised their price target for the stock from $40.00 to $47.00 in a research report on Tuesday, January 21st. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $45.67.

OGE Energy Trading Down 0.0 %

OGE opened at $46.27 on Tuesday. The firm has a market cap of $9.31 billion, a P/E ratio of 21.03, a P/E/G ratio of 3.30 and a beta of 0.78. The business has a fifty day simple moving average of $42.54 and a 200-day simple moving average of $41.61. OGE Energy Corp. has a 52 week low of $32.37 and a 52 week high of $46.54. The company has a quick ratio of 0.51, a current ratio of 0.73 and a debt-to-equity ratio of 1.08.

OGE Energy Announces Dividend

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 of this dividend is Monday, April 7th. This represents a $1.69 dividend on an annualized basis and a yield of 3.64%. OGE Energy’s dividend payout ratio (DPR) is presently 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.