Barclays Raises OGE Energy (NYSE:OGE) Price Target to $45.00

OGE Energy (NYSE:OGE - Free Report) had its price objective raised by Barclays from $44.00 to $45.00 in a research note issued to investors on Tuesday morning,Benzinga reports. They currently have an equal weight rating on the utilities provider's stock.

A number of other research analysts have also recently commented on the company. 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, April 11th. LADENBURG THALM/SH SH upgraded shares of OGE Energy to a "hold" rating in a report on Monday, March 17th. Finally, Evercore ISI upgraded shares of OGE Energy from an "in-line" rating to an "outperform" rating and lifted their price target for the company from $40.00 to $47.00 in a research report on Tuesday, January 21st. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $46.25.

OGE Energy Trading Down 0.6 %

Shares of NYSE OGE traded down $0.29 during trading on Tuesday, hitting $44.92. 945,625 shares of the company were exchanged, compared to its average volume of 1,149,342. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.51 and a current ratio of 0.73. OGE Energy has a 12-month low of $33.98 and a 12-month high of $46.91. The company has a fifty day moving average price of $44.70 and a 200-day moving average price of $42.90. The firm has a market capitalization of $9.04 billion, a PE ratio of 20.42, a P/E/G ratio of 3.30 and a beta of 0.57.

OGE Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Monday, April 7th were given a dividend of $0.4213 per share. This represents a $1.69 dividend on an annualized basis and a dividend yield of 3.75%. The ex-dividend date was Monday, April 7th. OGE Energy's dividend payout ratio is currently 76.36%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Norges Bank purchased a new stake in shares of OGE Energy during the fourth quarter worth approximately $68,876,000. Merewether Investment Management LP acquired a new stake in shares of OGE Energy in the 4th quarter valued at $44,470,000. Cohen & Steers Inc. acquired a new position in shares of OGE Energy during the fourth quarter worth $43,618,000. T. Rowe Price Investment Management Inc. increased its holdings in OGE Energy by 15.8% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 6,174,558 shares of the utilities provider's stock valued at $254,701,000 after buying an additional 844,679 shares during the last quarter. Finally, Northern Trust Corp raised its stake in OGE Energy by 29.3% in the fourth quarter. Northern Trust Corp now owns 3,562,014 shares of the utilities provider's stock valued at $146,933,000 after buying an additional 807,690 shares in the last quarter. 71.84% of the stock is owned by institutional investors and hedge funds.

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.