OGE Energy Corp. (NYSE:OGE) Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC decreased its holdings in OGE Energy Corp. (NYSE:OGE) by 2.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 152,736 shares of the utilities provider’s stock after selling 3,261 shares during the quarter. Commonwealth Equity Services LLC owned about 0.08% of OGE Energy worth $6,300,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in OGE. Vestcor Inc purchased a new position in OGE Energy in the 4th quarter worth $329,000. Swiss National Bank raised its stake in OGE Energy by 0.9% in the 4th quarter. Swiss National Bank now owns 395,000 shares of the utilities provider’s stock worth $16,294,000 after acquiring an additional 3,600 shares during the last quarter. Farther Finance Advisors LLC raised its stake in OGE Energy by 219.4% in the 4th quarter. Farther Finance Advisors LLC now owns 3,121 shares of the utilities provider’s stock worth $129,000 after acquiring an additional 2,144 shares during the last quarter. Johnson Investment Counsel Inc. raised its stake in OGE Energy by 11.1% in the 4th quarter. Johnson Investment Counsel Inc. now owns 6,691 shares of the utilities provider’s stock worth $276,000 after acquiring an additional 667 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in OGE Energy by 10.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 49,431 shares of the utilities provider’s stock worth $2,039,000 after acquiring an additional 4,567 shares during the last quarter. Institutional investors and hedge funds own 71.84% of the company’s stock.

OGE Energy Stock Performance

NYSE OGE opened at $44.95 on Friday. The stock has a 50-day simple moving average of $43.65 and a two-hundred day simple moving average of $42.13. The firm has a market capitalization of $9.05 billion, a P/E ratio of 20.43, a PEG ratio of 3.30 and a beta of 0.70. OGE Energy Corp. has a fifty-two week low of $32.37 and a fifty-two week high of $46.54. 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 firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors 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 3.75%. OGE Energy’s dividend payout ratio is presently 76.36%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on OGE shares. Barclays raised their target price 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 upgraded OGE Energy to a “hold” rating in a research note on Monday, March 17th. Finally, Evercore ISI upgraded OGE Energy from an “in-line” rating to an “outperform” rating and lifted their price objective for the company from $40.00 to $47.00 in a research note 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’s stock. Based on data from MarketBeat, the company currently has an average 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.