OGE Energy Corp. (NYSE:OGE) Position Boosted by Jones Financial Companies Lllp

Jones Financial Companies Lllp lifted its stake in shares of OGE Energy Corp. (NYSE:OGE) by 38.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 24,085 shares of the utilities provider’s stock after purchasing an additional 6,657 shares during the period. Jones Financial Companies Lllp’s holdings in OGE Energy were worth $993,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of OGE. Stonebridge Financial Group LLC bought a new position in OGE Energy in the fourth quarter worth about $35,000. Principal Securities Inc. lifted its holdings in OGE Energy by 204.7% in 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 during the last quarter. BankPlus Trust Department bought a new position in OGE Energy in the fourth quarter worth about $44,000. Mather Group LLC. lifted its holdings in OGE Energy by 20.9% in the fourth quarter. Mather Group LLC. now owns 1,616 shares of the utilities provider’s stock worth $67,000 after acquiring an additional 279 shares during the last quarter. Finally, Allworth Financial LP lifted its holdings in OGE Energy by 185.8% in the fourth quarter. Allworth Financial LP now owns 1,815 shares of the utilities provider’s stock worth $77,000 after acquiring an additional 1,180 shares during the last quarter. Institutional investors own 71.84% of the company’s stock.

OGE Energy Price Performance

NYSE OGE opened at $43.86 on Friday. OGE Energy Corp. has a 12 month low of $32.37 and a 12 month high of $46.54. 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 firm has a market capitalization of $8.82 billion, a PE ratio of 19.93, a P/E/G ratio of 3.30 and a beta of 0.70. The company’s 50 day simple moving average is $42.88 and its 200 day simple moving average is $41.77.

OGE Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, April 7th will be paid a dividend of $0.4213 per share. The ex-dividend date is Monday, April 7th. This represents a $1.69 dividend on an annualized basis and a dividend yield of 3.84%. OGE Energy’s dividend payout ratio is presently 76.36%.

Analyst Ratings Changes

A number of brokerages have issued reports on OGE. 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. Barclays raised their price target on shares of OGE Energy from $42.00 to $44.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 25th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $45.67.

OGE Energy Company 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.