LPL Financial LLC Has $8.31 Million Holdings in OGE Energy Corp. (NYSE:OGE)

LPL Financial LLC boosted its position in OGE Energy Corp. (NYSE:OGE) by 4.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 201,539 shares of the utilities provider’s stock after buying an additional 8,293 shares during the period. LPL Financial LLC owned approximately 0.10% of OGE Energy worth $8,313,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Cerity Partners LLC boosted its holdings in shares of OGE Energy by 41.1% during the 3rd quarter. Cerity Partners LLC now owns 11,496 shares of the utilities provider’s stock worth $472,000 after buying an additional 3,350 shares in the last quarter. FMR LLC grew its holdings in OGE Energy by 16.3% in the third quarter. FMR LLC now owns 558,967 shares of the utilities provider’s stock worth $22,929,000 after purchasing an additional 78,164 shares during the period. BNP Paribas Financial Markets grew its holdings in OGE Energy by 316.6% in the third quarter. BNP Paribas Financial Markets now owns 34,752 shares of the utilities provider’s stock worth $1,426,000 after purchasing an additional 26,411 shares during the period. Rockefeller Capital Management L.P. increased its stake in OGE Energy by 3.2% in the third quarter. Rockefeller Capital Management L.P. now owns 17,701 shares of the utilities provider’s stock valued at $724,000 after purchasing an additional 553 shares in the last quarter. Finally, Captrust Financial Advisors boosted its position in shares of OGE Energy by 6.3% during the 3rd quarter. Captrust Financial Advisors now owns 27,080 shares of the utilities provider’s stock worth $1,111,000 after purchasing an additional 1,607 shares in the last quarter. Institutional investors own 71.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on OGE shares. Barclays upped their price target on OGE Energy from $42.00 to $44.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 25th. LADENBURG THALM/SH SH raised OGE Energy to a “hold” rating in a research report on Monday, March 17th. Finally, 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 research report on Tuesday, January 21st. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $45.67.

OGE Energy Stock Performance

Shares of OGE opened at $43.69 on Friday. The firm has a market capitalization of $8.80 billion, a P/E ratio of 19.86, a P/E/G ratio of 3.30 and a beta of 0.57. OGE Energy Corp. has a 52 week low of $32.37 and a 52 week high of $46.91. The stock has a 50 day moving average price of $44.27 and a two-hundred day moving average price of $42.50. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.51 and a current ratio of 0.73.

OGE Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, April 7th will be paid a dividend of $0.4213 per share. This represents a $1.69 annualized dividend and a yield of 3.86%. The ex-dividend date is Monday, April 7th. OGE Energy’s dividend payout ratio (DPR) is presently 76.36%.

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.