OGE Energy Corp. (NYSE:OGE) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its position in shares of OGE Energy Corp. (NYSE:OGE) by 0.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,350,343 shares of the utilities provider’s stock after acquiring an additional 10,510 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.67% of OGE Energy worth $55,702,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. GSA Capital Partners LLP acquired a new position in OGE Energy in the 3rd quarter valued at approximately $392,000. Victory Capital Management Inc. grew its position in OGE Energy by 17.5% in the third quarter. Victory Capital Management Inc. now owns 344,654 shares of the utilities provider’s stock worth $14,138,000 after acquiring an additional 51,437 shares in the last quarter. Oppenheimer & Co. Inc. grew its position in OGE Energy by 35.5% in the third quarter. Oppenheimer & Co. Inc. now owns 27,142 shares of the utilities provider’s stock worth $1,113,000 after acquiring an additional 7,113 shares in the last quarter. KBC Group NV grew its position in OGE Energy by 13.2% in the third quarter. KBC Group NV now owns 5,021 shares of the utilities provider’s stock worth $206,000 after acquiring an additional 584 shares in the last quarter. Finally, ING Groep NV bought a new stake in OGE Energy in the third quarter worth approximately $3,700,000. Institutional investors and hedge funds own 71.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Evercore ISI raised shares of OGE Energy from an “in-line” rating to an “outperform” rating and boosted their target price for the stock from $40.00 to $47.00 in a research report on Tuesday, January 21st. Barclays upped their price objective on shares of OGE Energy from $42.00 to $44.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 25th. Three investment 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 presently has a consensus rating of “Hold” and a consensus price target of $45.67.

OGE Energy Price Performance

Shares of OGE Energy stock opened at $44.34 on Friday. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.73 and a quick ratio of 0.51. OGE Energy Corp. has a fifty-two week low of $32.37 and a fifty-two week high of $46.54. The firm has a fifty day moving average price of $43.06 and a two-hundred day moving average price of $41.88. The company has a market cap of $8.93 billion, a PE ratio of 20.16, a price-to-earnings-growth ratio of 3.30 and a beta of 0.70.

OGE Energy Announces Dividend

The business also recently declared 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 yield of 3.80%. The ex-dividend date of this dividend is Monday, April 7th. OGE Energy’s dividend payout ratio (DPR) is presently 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.