OGE Energy Corp. (NYSE:OGE) Shares Purchased by CIBC Asset Management Inc

CIBC Asset Management Inc lifted its holdings in OGE Energy Corp. (NYSE:OGE) by 5.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,038 shares of the utilities provider’s stock after purchasing an additional 295 shares during the quarter. CIBC Asset Management Inc’s holdings in OGE Energy were worth $249,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. State Street Corp boosted its position in shares of OGE Energy by 2.8% in the 3rd quarter. State Street Corp now owns 6,836,303 shares of the utilities provider’s stock worth $280,425,000 after purchasing an additional 185,069 shares in the last quarter. Geode Capital Management LLC raised its position in OGE Energy by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 3,349,471 shares of the utilities provider’s stock worth $137,433,000 after buying an additional 40,733 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in OGE Energy by 0.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,339,833 shares of the utilities provider’s stock valued at $54,960,000 after acquiring an additional 4,761 shares during the period. Verition Fund Management LLC boosted its holdings in shares of OGE Energy by 25.2% in the 3rd quarter. Verition Fund Management LLC now owns 1,318,556 shares of the utilities provider’s stock valued at $54,087,000 after acquiring an additional 265,115 shares during the last quarter. Finally, International Assets Investment Management LLC raised its holdings in shares of OGE Energy by 3,834.0% during the third quarter. International Assets Investment Management LLC now owns 748,608 shares of the utilities provider’s stock worth $30,708,000 after purchasing an additional 729,579 shares during the last quarter. Institutional investors and hedge funds own 71.84% of the company’s stock.

OGE Energy Stock Up 0.4 %

Shares of NYSE OGE opened at $45.32 on Wednesday. OGE Energy Corp. has a 12-month low of $32.37 and a 12-month high of $45.60. The stock has a market cap of $9.12 billion, a PE ratio of 20.60, a P/E/G ratio of 3.30 and a beta of 0.78. The company has a current ratio of 0.73, a quick ratio of 0.51 and a debt-to-equity ratio of 1.08. The company has a 50-day moving average of $42.25 and a 200 day moving average of $41.47.

OGE Energy Announces Dividend

The company also recently declared 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 of this dividend is Monday, April 7th. This represents a $1.69 annualized dividend and a dividend yield of 3.72%. OGE Energy’s dividend payout ratio (DPR) is 76.36%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on OGE shares. Barclays boosted their target price 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. Evercore ISI upgraded shares of OGE Energy from an “in-line” rating to an “outperform” rating and upped their price objective for the stock from $40.00 to $47.00 in a research report on Tuesday, January 21st. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus 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.