OGE Energy Corp. (NYSE:OGE) Shares Acquired by Lynx Investment Advisory

Lynx Investment Advisory grew its stake in OGE Energy Corp. (NYSE:OGE) by 32.0% during the 4th quarter, Holdings Channel reports. The fund owned 14,986 shares of the utilities provider’s stock after acquiring an additional 3,634 shares during the period. Lynx Investment Advisory’s holdings in OGE Energy were worth $618,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Stonebridge Financial Group LLC acquired a new position in shares of OGE Energy in the 4th quarter valued at about $35,000. Principal Securities Inc. increased its stake in shares of OGE Energy by 204.7% in the fourth quarter. Principal Securities Inc. now owns 981 shares of the utilities provider’s stock worth $40,000 after purchasing an additional 659 shares during the period. BankPlus Trust Department acquired a new stake in OGE Energy during the fourth quarter worth $44,000. Lee Danner & Bass Inc. bought a new position in OGE Energy during the 4th quarter valued at about $45,000. Finally, Mather Group LLC. lifted its holdings in OGE Energy by 20.9% during the 4th quarter. Mather Group LLC. now owns 1,616 shares of the utilities provider’s stock worth $67,000 after buying an additional 279 shares in the last quarter. Hedge funds and other institutional investors own 71.84% of the company’s stock.

Wall Street Analyst Weigh In

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

OGE Energy Stock Down 0.7 %

OGE opened at $44.95 on Monday. The firm’s 50 day simple moving average is $43.65 and its two-hundred day simple moving average is $42.16. The company has a market capitalization of $9.05 billion, a PE ratio of 20.43, a PEG ratio of 3.30 and a beta of 0.70. OGE Energy Corp. has a 1-year low of $32.37 and a 1-year high of $46.54. The company has a current ratio of 0.73, a quick ratio of 0.51 and a debt-to-equity ratio of 1.08.

OGE Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders 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 3.75%. The ex-dividend date of this dividend is Monday, April 7th. OGE Energy’s dividend payout ratio (DPR) is 76.36%.

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.