Russell Investments Group Ltd. Purchases 61,647 Shares of OGE Energy Corp. (NYSE:OGE)

Russell Investments Group Ltd. lifted its position in OGE Energy Corp. (NYSE:OGE) by 846.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 68,930 shares of the utilities provider’s stock after purchasing an additional 61,647 shares during the quarter. Russell Investments Group Ltd.’s holdings in OGE Energy were worth $2,843,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Resona Asset Management Co. Ltd. bought a new position in shares of OGE Energy in the 4th quarter worth $934,000. Forge Financial Services LLC bought a new stake in OGE Energy during the fourth quarter worth about $211,000. Headlands Technologies LLC purchased a new position in shares of OGE Energy in the 4th quarter worth about $27,000. Geode Capital Management LLC raised its holdings in shares of OGE Energy by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 3,364,886 shares of the utilities provider’s stock valued at $138,845,000 after buying an additional 15,415 shares in the last quarter. Finally, Diametric Capital LP bought a new stake in OGE Energy in the 4th quarter worth approximately $231,000. Hedge funds and other institutional investors own 71.84% of the company’s stock.

OGE Energy Trading Up 0.7 %

NYSE OGE opened at $45.01 on Friday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.51 and a current ratio of 0.73. OGE Energy Corp. has a fifty-two week low of $32.83 and a fifty-two week high of $46.91. The stock has a market cap of $9.06 billion, a P/E ratio of 20.46, a price-to-earnings-growth ratio of 3.30 and a beta of 0.57. The stock has a 50 day simple moving average of $44.49 and a two-hundred day simple moving average of $42.67.

OGE Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, April 7th will be paid a $0.4213 dividend. This represents a $1.69 dividend on an annualized basis and a yield of 3.74%. The ex-dividend date of this dividend is Monday, April 7th. OGE Energy’s payout ratio is currently 76.36%.

Analyst Ratings Changes

Several research analysts have commented on the stock. Evercore ISI raised shares of OGE Energy from an “in-line” rating to an “outperform” rating and lifted their price target for the stock from $40.00 to $47.00 in a research note on Tuesday, January 21st. LADENBURG THALM/SH SH raised shares of OGE Energy to a “hold” rating in a research note on Monday, March 17th. Argus raised 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. Finally, Barclays increased their target price on OGE Energy from $42.00 to $44.00 and gave the company an “equal weight” rating in a report on Tuesday, February 25th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, OGE Energy presently has an average rating of “Moderate Buy” and a consensus price target of $46.00.

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.