OGE Energy (NYSE:OGE) Upgraded to Hold at LADENBURG THALM/SH SH

LADENBURG THALM/SH SH upgraded shares of OGE Energy (NYSE:OGE - Free Report) to a hold rating in a report released on Tuesday, April 22nd,Zacks.com reports.

Other analysts have also recently issued reports about the company. Argus upgraded 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. Barclays boosted their target price on OGE Energy from $44.00 to $45.00 and gave the stock an "equal weight" rating in a research note on Tuesday, April 22nd. Finally, Evercore ISI upgraded shares of OGE Energy from an "in-line" rating to an "outperform" rating and increased their price target for the company from $40.00 to $47.00 in a research note on Tuesday, January 21st. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $46.25.

OGE Energy Stock Up 0.3 %

NYSE:OGE traded up $0.15 during midday trading on Tuesday, reaching $45.62. The company had a trading volume of 434,046 shares, compared to its average volume of 1,214,910. The stock's fifty day simple moving average is $44.72 and its 200-day simple moving average is $42.96. The company has a current ratio of 0.73, a quick ratio of 0.51 and a debt-to-equity ratio of 1.08. OGE Energy has a 12-month low of $34.18 and a 12-month high of $46.91. The firm has a market capitalization of $9.18 billion, a price-to-earnings ratio of 20.74, a PEG ratio of 3.30 and a beta of 0.57.

OGE Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Monday, April 7th were paid a dividend of $0.4213 per share. The ex-dividend date was Monday, April 7th. This represents a $1.69 dividend on an annualized basis and a yield of 3.69%. OGE Energy's dividend payout ratio is presently 76.36%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of OGE. Vanguard Group Inc. boosted its stake in shares of OGE Energy by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 21,413,588 shares of the utilities provider's stock worth $883,311,000 after buying an additional 203,129 shares during the period. T. Rowe Price Investment Management Inc. increased its holdings in shares of OGE Energy by 15.8% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 6,174,558 shares of the utilities provider's stock valued at $254,701,000 after purchasing an additional 844,679 shares during the period. Boston Partners lifted its holdings in shares of OGE Energy by 6.6% during the fourth 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 during the period. Northern Trust Corp increased its stake in OGE Energy by 29.3% in the 4th quarter. Northern Trust Corp now owns 3,562,014 shares of the utilities provider's stock valued at $146,933,000 after buying an additional 807,690 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of OGE Energy by 0.5% in the fourth 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. 71.84% of the stock is owned by hedge funds and other institutional investors.

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.