Dimensional Fund Advisors LP Boosts Stock Position in OGE Energy Corp. (NYSE:OGE)

Dimensional Fund Advisors LP raised its holdings in shares of OGE Energy Corp. (NYSE:OGE - Free Report) by 5.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,300,907 shares of the utilities provider's stock after buying an additional 121,446 shares during the quarter. Dimensional Fund Advisors LP owned about 1.15% of OGE Energy worth $94,913,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new stake in OGE Energy during the fourth quarter worth about $68,876,000. Cohen & Steers Inc. bought a new stake in OGE Energy in the 4th quarter worth approximately $43,618,000. Epoch Investment Partners Inc. purchased a new stake in OGE Energy in the fourth quarter worth approximately $13,308,000. Raymond James Financial Inc. bought a new position in OGE Energy during the fourth quarter valued at approximately $11,862,000. Finally, Boston Partners lifted its holdings in shares of OGE Energy by 6.6% in the 4th quarter. Boston Partners now owns 4,182,795 shares of the utilities provider's stock worth $172,554,000 after acquiring an additional 258,989 shares during the last quarter. 71.84% of the stock is currently owned by institutional investors.

OGE Energy Trading Up 0.8 %

Shares of NYSE:OGE traded up $0.37 on Friday, hitting $45.16. The company had a trading volume of 810,565 shares, compared to its average volume of 1,139,761. The firm's 50-day simple moving average is $44.75 and its two-hundred day simple moving average is $43.03. The firm has a market capitalization of $9.09 billion, a price-to-earnings ratio of 20.53, a P/E/G ratio of 3.30 and a beta of 0.57. 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 Corp. has a 1 year low of $34.20 and a 1 year high of $46.91.

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

OGE Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Monday, April 7th were issued a dividend of $0.4213 per share. This represents a $1.69 dividend on an annualized basis and a dividend yield of 3.73%. The ex-dividend date was Monday, April 7th. OGE Energy's dividend payout ratio (DPR) is presently 76.36%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Barclays increased their target price on shares of OGE Energy from $44.00 to $45.00 and gave the company an "equal weight" rating in a report on Tuesday, April 22nd. Argus upgraded OGE Energy from a "hold" rating to a "buy" rating and set a $47.00 price objective for the company in a research report on Friday, April 11th. Evercore ISI raised shares of 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 note on Tuesday, January 21st. Wells Fargo & Company increased their price target on shares of OGE Energy from $46.00 to $47.00 and gave the company an "equal weight" rating in a research report on Thursday. Finally, LADENBURG THALM/SH SH upgraded shares of OGE Energy to a "hold" rating in a research report on Tuesday, April 22nd. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, OGE Energy presently has a consensus rating of "Moderate Buy" and an average target price of $46.40.

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.