Vanguard Group Inc. Buys 203,129 Shares of OGE Energy Corp. (NYSE:OGE)

Vanguard Group Inc. raised its stake in OGE Energy Corp. (NYSE:OGE) by 1.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,413,588 shares of the utilities provider’s stock after acquiring an additional 203,129 shares during the quarter. Vanguard Group Inc. owned about 10.66% of OGE Energy worth $883,311,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Stonebridge Financial Group LLC bought a new position in shares of OGE Energy during the fourth quarter worth approximately $35,000. Principal Securities Inc. grew its holdings in OGE Energy by 204.7% in the 4th quarter. Principal Securities Inc. now owns 981 shares of the utilities provider’s stock valued at $40,000 after buying an additional 659 shares in the last quarter. BankPlus Trust Department bought a new position in OGE Energy during the 4th quarter worth $44,000. Lee Danner & Bass Inc. acquired a new stake in shares of OGE Energy during the fourth quarter worth $45,000. Finally, Mather Group LLC. boosted its position 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 acquiring an additional 279 shares during the period. 71.84% of the stock is currently owned by institutional investors and hedge funds.

OGE Energy Price Performance

Shares of NYSE:OGE opened at $45.49 on Friday. The firm has a 50 day moving average of $44.01 and a 200-day moving average of $42.33. OGE Energy Corp. has a 12 month low of $32.37 and a 12 month high of $46.54. The company has a current ratio of 0.73, a quick ratio of 0.51 and a debt-to-equity ratio of 1.08. The stock has a market capitalization of $9.16 billion, a PE ratio of 20.68, a PEG ratio of 3.30 and a beta of 0.70.

OGE Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, April 7th will be issued a $0.4213 dividend. This represents a $1.69 dividend on an annualized basis and a dividend yield of 3.70%. The ex-dividend date is Monday, April 7th. OGE Energy’s dividend payout ratio is presently 76.36%.

Analyst Ratings Changes

A number of research firms recently commented on OGE. LADENBURG THALM/SH SH raised shares of OGE Energy to a “hold” rating in a research report on Monday, March 17th. Evercore ISI raised shares of OGE Energy from an “in-line” rating to an “outperform” rating and raised their target price for the stock from $40.00 to $47.00 in a report on Tuesday, January 21st. Finally, Barclays boosted their price target on OGE Energy from $42.00 to $44.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 25th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $45.67.

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.