Epoch Investment Partners Inc. Invests $13.31 Million in OGE Energy Corp. (NYSE:OGE)

Epoch Investment Partners Inc. purchased a new position in shares of OGE Energy Corp. (NYSE:OGE - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 322,630 shares of the utilities provider's stock, valued at approximately $13,308,000. Epoch Investment Partners Inc. owned 0.16% of OGE Energy as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Quadrant Capital Group LLC increased its position in OGE Energy by 5.2% during the fourth quarter. Quadrant Capital Group LLC now owns 4,825 shares of the utilities provider's stock worth $199,000 after purchasing an additional 239 shares during the last quarter. Mather Group LLC. increased its holdings in shares of OGE Energy by 20.9% during the 4th quarter. Mather Group LLC. now owns 1,616 shares of the utilities provider's stock worth $67,000 after buying an additional 279 shares during the last quarter. CIBC Asset Management Inc raised its position in shares of OGE Energy by 5.1% in the 4th quarter. CIBC Asset Management Inc now owns 6,038 shares of the utilities provider's stock worth $249,000 after buying an additional 295 shares during the period. Bessemer Group Inc. boosted its holdings in OGE Energy by 102.0% in the fourth quarter. Bessemer Group Inc. now owns 715 shares of the utilities provider's stock valued at $30,000 after acquiring an additional 361 shares during the last quarter. Finally, Commerce Bank grew its position in OGE Energy by 1.5% during the fourth quarter. Commerce Bank now owns 30,608 shares of the utilities provider's stock valued at $1,263,000 after acquiring an additional 450 shares during the period. Institutional investors and hedge funds own 71.84% of the company's stock.

OGE Energy Stock Performance

Shares of NYSE:OGE traded down $0.34 on Friday, hitting $44.87. The company's stock had a trading volume of 352,548 shares, compared to its average volume of 1,150,350. The company has a market capitalization of $9.03 billion, a price-to-earnings ratio of 20.37, a price-to-earnings-growth ratio of 3.30 and a beta of 0.57. 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 Corp. has a 12 month low of $33.79 and a 12 month high of $46.91. The stock's 50-day moving average is $44.68 and its two-hundred day moving average is $42.85.

OGE Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, April 7th will be given a dividend of $0.4213 per share. The ex-dividend date of this dividend is Monday, April 7th. This represents a $1.69 dividend on an annualized basis and a dividend yield of 3.76%. OGE Energy's dividend payout ratio (DPR) is 76.36%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Barclays raised their target price on shares of OGE Energy from $44.00 to $45.00 and gave the company an "equal weight" rating in a research note on Tuesday. Evercore ISI raised shares of OGE Energy from an "in-line" rating to an "outperform" rating and upped their price target for the company from $40.00 to $47.00 in a report on Tuesday, January 21st. Argus raised shares of OGE Energy from a "hold" rating to a "buy" rating and set a $47.00 price objective for the company in a report on Friday, April 11th. Finally, LADENBURG THALM/SH SH upgraded shares of OGE Energy to a "hold" rating in a research report on Tuesday. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $46.25.

OGE Energy 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.