MetLife Investment Management LLC Has $4.67 Million Holdings in OGE Energy Corp. (NYSE:OGE)

MetLife Investment Management LLC grew its holdings in OGE Energy Corp. (NYSE:OGE - Free Report) by 9.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 113,257 shares of the utilities provider's stock after buying an additional 9,457 shares during the quarter. MetLife Investment Management LLC owned 0.06% of OGE Energy worth $4,672,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in OGE. Norges Bank acquired a new stake in shares of OGE Energy during the 4th quarter worth about $68,876,000. Cohen & Steers Inc. acquired a new stake in shares of OGE Energy during the 4th quarter worth about $43,618,000. Epoch Investment Partners Inc. acquired a new stake in shares of OGE Energy during the 4th quarter worth about $13,308,000. Raymond James Financial Inc. acquired a new stake in shares of OGE Energy during the 4th quarter worth about $11,862,000. Finally, Boston Partners increased its position 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 worth $172,554,000 after purchasing an additional 258,989 shares in the last quarter. Institutional investors and hedge funds own 71.84% of the company's stock.

OGE Energy Trading Down 1.3 %

OGE stock traded down $0.58 during trading on Wednesday, hitting $45.13. The company had a trading volume of 293,067 shares, compared to its average volume of 1,144,490. 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 moving average price of $44.75 and a 200-day moving average price of $42.98. OGE Energy Corp. has a 12 month low of $34.18 and a 12 month high of $46.93. The stock has a market cap of $9.09 billion, a price-to-earnings ratio of 20.48, a PEG ratio of 3.30 and a beta of 0.57.

OGE Energy (NYSE:OGE - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The utilities provider reported $0.31 earnings per share for the quarter, beating analysts' consensus estimates of $0.22 by $0.09. OGE Energy had a return on equity of 9.71% and a net margin of 14.79%. The business's revenue for the quarter was up 25.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.09 EPS. As a group, analysts predict that OGE Energy Corp. will post 2.27 earnings per share for the current year.

OGE Energy Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on OGE. Evercore ISI upgraded shares of OGE Energy from an "in-line" rating to an "outperform" rating and increased their target price for the stock from $40.00 to $47.00 in a research 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 target on the stock in a research note on Friday, April 11th. LADENBURG THALM/SH SH upgraded shares of OGE Energy to a "hold" rating in a research report on Tuesday, April 22nd. Finally, Barclays boosted their price objective on shares of OGE Energy from $44.00 to $45.00 and gave the stock an "equal weight" rating in a research report on Tuesday, April 22nd. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target 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.