OGE Energy (NYSE:OGE) Stock Rating Upgraded by LADENBURG THALM/SH SH

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

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

OGE Energy Price Performance

OGE Energy stock opened at $44.78 on Monday. OGE Energy has a 12 month low of $32.37 and a 12 month high of $46.54. The stock’s 50 day moving average is $43.37 and its 200-day moving average is $42.05. 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 market capitalization of $9.01 billion, a price-to-earnings ratio of 20.35, a PEG 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. Investors of record on Monday, April 7th will be given a dividend of $0.4213 per share. This represents a $1.69 dividend on an annualized basis and a yield of 3.76%. The ex-dividend date of this dividend is Monday, April 7th. OGE Energy’s dividend payout ratio is currently 76.36%.

Institutional Investors Weigh In On OGE Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Quadrant Capital Group LLC lifted its stake in OGE Energy by 5.2% during the fourth quarter. Quadrant Capital Group LLC now owns 4,825 shares of the utilities provider’s stock worth $199,000 after purchasing an additional 239 shares during the last quarter. Mather Group LLC. lifted its stake in OGE Energy by 20.9% during the fourth quarter. Mather Group LLC. now owns 1,616 shares of the utilities provider’s stock worth $67,000 after purchasing an additional 279 shares during the last quarter. CIBC Asset Management Inc lifted its stake in OGE Energy by 5.1% during the fourth quarter. CIBC Asset Management Inc now owns 6,038 shares of the utilities provider’s stock worth $249,000 after purchasing an additional 295 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its stake in OGE Energy by 1.3% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 28,157 shares of the utilities provider’s stock worth $1,161,000 after purchasing an additional 354 shares during the last quarter. Finally, Bessemer Group Inc. lifted its stake in 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. 71.84% of the stock is currently owned by institutional investors.

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.