OGE Energy (NYSE:OGE) Upgraded at LADENBURG THALM/SH SH

LADENBURG THALM/SH SH upgraded shares of OGE Energy (NYSE:OGE) to a hold rating in a research note issued to investors on Monday morning,Zacks.com reports.

OGE has been the topic of several other research reports. Barclays raised their price target on shares of OGE Energy from $42.00 to $44.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 25th. Evercore ISI raised shares of OGE Energy from an “in-line” rating to an “outperform” rating and raised their price target for the stock from $40.00 to $47.00 in a research note on Tuesday, January 21st. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $45.67.

OGE Energy Price Performance

OGE Energy stock opened at $45.17 on Monday. The firm has a 50-day moving average price of $43.45 and a 200-day moving average price of $42.07. The firm has a market capitalization of $9.09 billion, a PE ratio of 20.53, a price-to-earnings-growth ratio of 3.30 and a beta of 0.70. The company has a current ratio of 0.73, a quick ratio of 0.51 and a debt-to-equity ratio of 1.08. OGE Energy has a 12-month low of $32.37 and a 12-month high of $46.54.

OGE Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, April 7th will be given a $0.4213 dividend. This represents a $1.69 dividend on an annualized basis and a dividend yield of 3.73%. The ex-dividend date is Monday, April 7th. OGE Energy’s payout ratio is currently 76.36%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Headlands Technologies LLC purchased a new position in shares of OGE Energy in the fourth quarter worth $27,000. Bessemer Group Inc. raised its holdings in shares of OGE Energy by 102.0% during the fourth quarter. Bessemer Group Inc. now owns 715 shares of the utilities provider’s stock worth $30,000 after purchasing an additional 361 shares during the last quarter. Stonebridge Financial Group LLC purchased a new position in shares of OGE Energy during the fourth quarter worth $35,000. Principal Securities Inc. raised its holdings in shares of OGE Energy by 204.7% during the fourth quarter. Principal Securities Inc. now owns 981 shares of the utilities provider’s stock worth $40,000 after purchasing an additional 659 shares during the last quarter. Finally, BankPlus Trust Department purchased a new position in OGE Energy in the fourth quarter valued at $44,000. Institutional investors and hedge funds own 71.84% of the company’s stock.

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.