Peak6 LLC Invests $528,000 in OGE Energy Corp. (NYSE:OGE)

PEAK6 LLC acquired a new position in 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 (SEC). The fund acquired 12,801 shares of the utilities provider's stock, valued at approximately $528,000.

Other large investors have also added to or reduced their stakes in the company. Jump Financial LLC bought a new stake in OGE Energy during the 4th quarter worth about $651,000. Bridgewater Associates LP bought a new stake in OGE Energy during the fourth quarter worth about $1,442,000. Ontario Teachers Pension Plan Board raised its holdings in OGE Energy by 21.8% during the fourth quarter. Ontario Teachers Pension Plan Board now owns 86,632 shares of the utilities provider's stock worth $3,574,000 after acquiring an additional 15,486 shares in the last quarter. Cohen & Steers Inc. acquired a new position in OGE Energy during the fourth quarter valued at approximately $43,618,000. Finally, Barclays PLC grew its stake in OGE Energy by 21.8% in the fourth quarter. Barclays PLC now owns 153,686 shares of the utilities provider's stock valued at $6,340,000 after purchasing an additional 27,456 shares in the last quarter. Institutional investors and hedge funds own 71.84% of the company's stock.

Analyst Ratings Changes

OGE has been the topic of a number of analyst reports. Argus upgraded OGE Energy from a "hold" rating to a "buy" rating and set a $47.00 price objective on the stock in a research note on Friday, April 11th. Evercore ISI raised shares of OGE Energy from an "in-line" rating to an "outperform" rating and upped their price target for the stock from $40.00 to $47.00 in a research report on Tuesday, January 21st. Barclays lifted their price objective on shares of OGE Energy from $44.00 to $45.00 and gave the company an "equal weight" rating in a research report on Tuesday. Finally, LADENBURG THALM/SH SH raised shares of OGE Energy to a "hold" rating in a report on Tuesday. Two 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.com, OGE Energy has an average rating of "Moderate Buy" and a consensus price target of $46.25.

OGE Energy Price Performance

OGE stock traded down $0.29 during midday trading on Friday, reaching $44.92. 945,625 shares of the stock were exchanged, compared to its average volume of 1,149,507. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.73 and a quick ratio of 0.51. The stock has a market capitalization of $9.04 billion, a PE ratio of 20.42, a P/E/G ratio of 3.30 and a beta of 0.57. OGE Energy Corp. has a 52 week low of $33.79 and a 52 week high of $46.91. The company has a fifty day moving average price of $44.70 and a 200 day moving average price of $42.88.

OGE Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Monday, April 7th were issued a $0.4213 dividend. This represents a $1.69 annualized dividend and a yield of 3.75%. The ex-dividend date was Monday, April 7th. OGE Energy's payout ratio is presently 76.36%.

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.