Charles Schwab Investment Management Inc. Purchases 10,510 Shares of OGE Energy Corp. (NYSE:OGE)

Charles Schwab Investment Management Inc. grew its stake in OGE Energy Corp. (NYSE:OGE) by 0.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,350,343 shares of the utilities provider’s stock after acquiring an additional 10,510 shares during the period. Charles Schwab Investment Management Inc.’s holdings in OGE Energy were worth $55,702,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Stonebridge Financial Group LLC acquired a new position in OGE Energy during the fourth quarter valued at approximately $35,000. Principal Securities Inc. raised its position in OGE Energy by 204.7% during the fourth quarter. Principal Securities Inc. now owns 981 shares of the utilities provider’s stock worth $40,000 after acquiring an additional 659 shares in the last quarter. BankPlus Trust Department acquired a new position in shares of OGE Energy in the fourth quarter valued at $44,000. Mather Group LLC. increased its holdings in shares of OGE Energy by 20.9% in the fourth quarter. Mather Group LLC. now owns 1,616 shares of the utilities provider’s stock valued at $67,000 after purchasing an additional 279 shares during the last quarter. Finally, Allworth Financial LP grew its stake in shares of OGE Energy by 185.8% in the fourth quarter. Allworth Financial LP now owns 1,815 shares of the utilities provider’s stock valued at $77,000 after acquiring an additional 1,180 shares in the last quarter. 71.84% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

OGE has been the topic of several research reports. Evercore ISI upgraded 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 research note on Tuesday, January 21st. Barclays raised their price objective on shares of OGE Energy from $42.00 to $44.00 and gave the company an “equal weight” rating in a report on Tuesday, February 25th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, OGE Energy currently has a consensus rating of “Hold” and a consensus target price of $45.67.

OGE Energy Stock Performance

Shares of OGE stock opened at $44.34 on Friday. The firm has a 50 day moving average of $43.06 and a 200-day moving average of $41.88. OGE Energy Corp. has a 52 week low of $32.37 and a 52 week high of $46.54. 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 $8.93 billion, a price-to-earnings ratio of 20.16, a price-to-earnings-growth ratio of 3.30 and a beta of 0.70.

OGE Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, April 7th will be issued a dividend of $0.4213 per share. This represents a $1.69 dividend on an annualized basis and a yield of 3.80%. The ex-dividend date of this dividend is Monday, April 7th. OGE Energy’s dividend payout ratio is 76.36%.

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.