OGE Energy Corp. (NYSE:OGE) Shares Acquired by NewEdge Advisors LLC

NewEdge Advisors LLC increased its position in shares of OGE Energy Corp. (NYSE:OGE - Free Report) by 26.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 44,445 shares of the utilities provider's stock after purchasing an additional 9,307 shares during the period. NewEdge Advisors LLC's holdings in OGE Energy were worth $1,833,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in OGE. Norges Bank purchased a new stake in OGE Energy in the 4th quarter valued at about $68,876,000. Cohen & Steers Inc. purchased a new stake in OGE Energy in the 4th quarter valued at about $43,618,000. Raymond James Financial Inc. purchased a new stake in OGE Energy in the 4th quarter valued at about $11,862,000. Boston Partners boosted its position in OGE Energy by 6.6% in the 4th quarter. Boston Partners now owns 4,182,795 shares of the utilities provider's stock valued at $172,554,000 after buying an additional 258,989 shares during the period. Finally, Duff & Phelps Investment Management Co. boosted its position in OGE Energy by 11.7% in 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 buying an additional 218,509 shares during the period. 71.84% of the stock is owned by hedge funds and other institutional investors.

OGE Energy Stock Up 1.5 %

Shares of NYSE OGE traded up $0.68 during trading hours on Monday, hitting $45.53. 1,282,635 shares of the stock were exchanged, compared to its average volume of 1,149,875. 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 company has a market cap of $9.17 billion, a PE ratio of 20.70, a PEG ratio of 3.30 and a beta of 0.57. The firm has a fifty day moving average price of $44.72 and a 200-day moving average price of $42.96. OGE Energy Corp. has a 12 month low of $33.98 and a 12 month high of $46.91.

OGE Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Monday, April 7th were issued a $0.4213 dividend. This represents a $1.69 annualized dividend and a dividend yield of 3.70%. The ex-dividend date was Monday, April 7th. OGE Energy's dividend payout ratio (DPR) is currently 76.36%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on OGE. Evercore ISI upgraded shares of OGE Energy from an "in-line" rating to an "outperform" rating and boosted their price target for the company from $40.00 to $47.00 in a report on Tuesday, January 21st. Argus upgraded shares of 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. LADENBURG THALM/SH SH upgraded shares of OGE Energy to a "hold" rating in a report on Tuesday, April 22nd. Finally, Barclays boosted their price target 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. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $46.25.

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.