Asset Management One Co. Ltd. Makes New Investment in OGE Energy Corp. (NYSE:OGE)

Asset Management One Co. Ltd. acquired a new position in OGE Energy Corp. (NYSE:OGE) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 36,232 shares of the utilities provider’s stock, valued at approximately $1,496,000.

Several other hedge funds and other institutional investors have also bought and sold shares of OGE. Van ECK Associates Corp increased its holdings in OGE Energy by 7.9% in the 4th quarter. Van ECK Associates Corp now owns 62,542 shares of the utilities provider’s stock valued at $2,580,000 after buying an additional 4,584 shares during the period. Kentucky Trust Co bought a new position in OGE Energy in the 4th quarter valued at about $980,000. Capital Advisors Inc. OK increased its holdings in OGE Energy by 69.3% in the 4th quarter. Capital Advisors Inc. OK now owns 10,861 shares of the utilities provider’s stock valued at $448,000 after buying an additional 4,447 shares during the period. Stonebridge Financial Group LLC bought a new position in OGE Energy in the 4th quarter valued at about $35,000. Finally, Advisory Resource Group bought a new position in OGE Energy in the 4th quarter valued at about $271,000. Institutional investors and hedge funds own 71.84% of the company’s stock.

Wall Street Analysts Forecast Growth

OGE has been the topic of several recent analyst reports. Barclays decreased their target price on shares of OGE Energy from $43.00 to $42.00 and set an “equal weight” rating on the stock in a report on Friday, January 24th. Evercore ISI raised shares of OGE Energy from an “in-line” rating to an “outperform” rating and lifted their price target for the company from $40.00 to $47.00 in a report on Tuesday, January 21st. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $45.00.

OGE Energy Trading Up 0.6 %

Shares of OGE Energy stock opened at $44.27 on Friday. The firm has a market capitalization of $8.90 billion, a PE ratio of 22.94, a price-to-earnings-growth ratio of 3.28 and a beta of 0.78. The company has a current ratio of 0.86, a quick ratio of 0.51 and a debt-to-equity ratio of 1.09. The firm’s 50 day moving average is $42.05 and its 200 day moving average is $41.31. OGE Energy Corp. has a 1 year low of $32.37 and a 1 year high of $44.72.

OGE Energy Announces Dividend

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 issued a dividend of $0.4213 per share. This represents a $1.69 annualized dividend and a dividend yield of 3.81%. The ex-dividend date of this dividend is Monday, April 7th. OGE Energy’s dividend payout ratio (DPR) is presently 87.05%.

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.