Sei Investments Co. Acquires 105,589 Shares of OGE Energy Corp. (NYSE:OGE)

Sei Investments Co. increased its holdings in shares of OGE Energy Corp. (NYSE:OGE) by 129.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 187,401 shares of the utilities provider’s stock after buying an additional 105,589 shares during the period. Sei Investments Co. owned about 0.09% of OGE Energy worth $7,731,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in OGE. Summit Global Investments bought a new stake in shares of OGE Energy in the fourth quarter worth $682,000. Lee Danner & Bass Inc. bought a new stake in shares of OGE Energy in the 4th quarter valued at about $45,000. Harvest Fund Management Co. Ltd acquired a new stake in shares of OGE Energy in the fourth quarter valued at about $324,000. Xponance Inc. raised its position in shares of OGE Energy by 5.2% during the fourth quarter. Xponance Inc. now owns 22,785 shares of the utilities provider’s stock worth $940,000 after acquiring an additional 1,131 shares during the last quarter. Finally, Boston Partners lifted its stake in shares of OGE Energy by 6.6% in the fourth quarter. Boston Partners now owns 4,182,795 shares of the utilities provider’s stock worth $172,554,000 after acquiring an additional 258,989 shares during the period. 71.84% of the stock is owned by institutional investors.

OGE Energy Stock Up 0.9 %

Shares of NYSE OGE opened at $45.49 on Monday. The company has a quick ratio of 0.51, a current ratio of 0.73 and a debt-to-equity ratio of 1.08. The firm has a market cap of $9.16 billion, a PE ratio of 20.68, a P/E/G ratio of 3.30 and a beta of 0.70. The company’s fifty day simple moving average is $44.01 and its 200 day simple moving average is $42.34. OGE Energy Corp. has a 12-month low of $32.37 and a 12-month high of $46.54.

OGE Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, April 7th will be paid a $0.4213 dividend. The ex-dividend date is Monday, April 7th. This represents a $1.69 annualized dividend and a dividend yield of 3.70%. OGE Energy’s dividend payout ratio is presently 76.36%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. LADENBURG THALM/SH SH raised shares of OGE Energy to a “hold” rating in a research report on Monday, March 17th. Evercore ISI raised shares of OGE Energy from an “in-line” rating to an “outperform” rating and lifted their target price for the stock from $40.00 to $47.00 in a research note on Tuesday, January 21st. Finally, Barclays upped 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 report on Tuesday, February 25th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $45.67.

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.