Elo Mutual Pension Insurance Co Invests $458,000 in OGE Energy Corp. (NYSE:OGE)

Elo Mutual Pension Insurance Co acquired a new stake in OGE Energy Corp. (NYSE:OGE) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 11,104 shares of the utilities provider’s stock, valued at approximately $458,000.

Other large investors also recently bought and sold shares of the company. Mather Group LLC. lifted its holdings in shares of OGE Energy by 20.9% in the 4th quarter. Mather Group LLC. now owns 1,616 shares of the utilities provider’s stock worth $67,000 after acquiring an additional 279 shares during the last quarter. CIBC Asset Management Inc raised its position in OGE Energy by 5.1% in the fourth quarter. CIBC Asset Management Inc now owns 6,038 shares of the utilities provider’s stock valued at $249,000 after purchasing an additional 295 shares during the period. Gries Financial LLC lifted its stake in OGE Energy by 1.7% during the fourth quarter. Gries Financial LLC now owns 30,877 shares of the utilities provider’s stock worth $1,274,000 after purchasing an additional 514 shares in the last quarter. UMB Bank n.a. boosted its position in shares of OGE Energy by 6.7% during the fourth quarter. UMB Bank n.a. now owns 8,209 shares of the utilities provider’s stock worth $339,000 after buying an additional 515 shares during the period. Finally, Arizona State Retirement System grew its stake in shares of OGE Energy by 1.0% in the fourth quarter. Arizona State Retirement System now owns 58,296 shares of the utilities provider’s stock valued at $2,405,000 after buying an additional 549 shares in the last quarter. Institutional investors and hedge funds own 71.84% of the company’s stock.

OGE Energy Trading Up 0.9 %

OGE opened at $45.49 on Monday. The business has a fifty day moving average price of $44.01 and a 200 day moving average price of $42.34. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.73 and a quick ratio of 0.51. OGE Energy Corp. has a 12 month low of $32.37 and a 12 month high of $46.54. The stock has a market capitalization of $9.16 billion, a price-to-earnings ratio of 20.68, a PEG ratio of 3.30 and a beta of 0.70.

OGE Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, April 7th will be issued a $0.4213 dividend. The ex-dividend date is Monday, April 7th. This represents a $1.69 annualized dividend and a yield of 3.70%. OGE Energy’s dividend payout ratio (DPR) is 76.36%.

Analyst Ratings Changes

Several equities analysts recently issued reports on OGE shares. Barclays increased 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 raised shares of OGE Energy to a “hold” rating in a research report on Monday, March 17th. Finally, Evercore ISI upgraded shares of 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 report on Tuesday, January 21st. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, OGE Energy presently has a consensus rating of “Hold” and an average target price 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.