OGE Energy Corp. (NYSE:OGE) Shares Purchased by Barclays PLC

Barclays PLC boosted its stake in shares of OGE Energy Corp. (NYSE:OGE - Free Report) by 21.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 153,686 shares of the utilities provider's stock after purchasing an additional 27,456 shares during the period. Barclays PLC owned approximately 0.08% of OGE Energy worth $6,340,000 at the end of the most recent reporting period.

A number of other large investors 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 acquiring an additional 203,129 shares in the last quarter. Boston Partners lifted its holdings in shares of OGE Energy by 6.6% during the 4th 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 in the last quarter. Geode Capital Management LLC lifted its holdings in shares of OGE Energy by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 3,364,886 shares of the utilities provider's stock valued at $138,845,000 after acquiring an additional 15,415 shares in the last quarter. Duff & Phelps Investment Management Co. lifted its holdings in shares of OGE Energy by 11.7% during the 4th quarter. Duff & Phelps Investment Management Co. now owns 2,089,289 shares of the utilities provider's stock valued at $86,183,000 after acquiring an additional 218,509 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of OGE Energy during the 4th quarter valued at $68,876,000. Hedge funds and other institutional investors own 71.84% of the company's stock.

OGE Energy Stock Performance

NYSE:OGE traded down $0.28 during trading hours on Wednesday, reaching $45.43. 2,221,852 shares of the stock were exchanged, compared to its average volume of 1,145,813. The company has a quick ratio of 0.51, a current ratio of 0.73 and a debt-to-equity ratio of 1.08. The firm has a 50 day simple moving average of $44.76 and a 200-day simple moving average of $43.00. OGE Energy Corp. has a 52 week low of $34.18 and a 52 week high of $46.91. The stock has a market capitalization of $9.15 billion, a P/E ratio of 20.65, a P/E/G ratio of 3.30 and a beta of 0.57.

OGE Energy (NYSE:OGE - Get Free Report) last released its earnings results on Wednesday, April 30th. The utilities provider reported $0.31 EPS for the quarter, topping analysts' consensus estimates of $0.22 by $0.09. The company had revenue of $747.70 million for the quarter, compared to the consensus estimate of $695.59 million. OGE Energy had a return on equity of 9.71% and a net margin of 14.79%. OGE Energy's quarterly revenue was up 25.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.09 EPS. As a group, sell-side analysts forecast that OGE Energy Corp. will post 2.27 earnings per share for the current fiscal year.

OGE Energy Dividend Announcement

The business also recently declared 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 3.71%. The ex-dividend date was Monday, April 7th. OGE Energy's payout ratio is 76.36%.

Analyst Ratings Changes

Several research firms recently weighed in on OGE. LADENBURG THALM/SH SH upgraded shares of OGE Energy to a "hold" rating in a report on Tuesday, April 22nd. Evercore ISI raised OGE Energy from an "in-line" rating to an "outperform" rating and lifted their target price for the stock from $40.00 to $47.00 in a research report on Tuesday, January 21st. Barclays increased their price target on OGE Energy from $44.00 to $45.00 and gave the company an "equal weight" rating in a report on Tuesday, April 22nd. Finally, Argus raised OGE Energy from a "hold" rating to a "buy" rating and set a $47.00 price target for the company in a report on Friday, April 11th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, OGE Energy has an average rating of "Moderate Buy" and a consensus price target of $46.25.

OGE Energy Company Profile

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.