Arizona State Retirement System Has $2.41 Million Position in OGE Energy Corp. (NYSE:OGE)

Arizona State Retirement System grew its position in OGE Energy Corp. (NYSE:OGE) by 1.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 58,296 shares of the utilities provider’s stock after buying an additional 549 shares during the quarter. Arizona State Retirement System’s holdings in OGE Energy were worth $2,405,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in OGE. Stonebridge Financial Group LLC acquired a new position in shares of OGE Energy in the 4th quarter valued at approximately $35,000. Principal Securities Inc. raised its position in shares of OGE Energy by 204.7% in the 4th quarter. Principal Securities Inc. now owns 981 shares of the utilities provider’s stock valued at $40,000 after buying an additional 659 shares in the last quarter. BankPlus Trust Department bought a new stake in shares of OGE Energy during the 4th quarter valued at approximately $44,000. Mather Group LLC. grew its holdings in shares of OGE Energy by 20.9% during the 4th quarter. Mather Group LLC. now owns 1,616 shares of the utilities provider’s stock valued at $67,000 after purchasing an additional 279 shares during the last quarter. Finally, Allworth Financial LP grew its holdings in shares of OGE Energy by 185.8% during the 4th quarter. Allworth Financial LP now owns 1,815 shares of the utilities provider’s stock valued at $77,000 after purchasing an additional 1,180 shares during the last quarter. 71.84% of the stock is currently owned by institutional investors and hedge funds.

OGE Energy Trading Up 0.9 %

OGE opened at $44.31 on Tuesday. 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 current ratio of 0.73 and a quick ratio of 0.51. The firm has a market capitalization of $8.92 billion, a price-to-earnings ratio of 20.14, a PEG ratio of 3.30 and a beta of 0.70. The company’s 50 day moving average price is $42.88 and its two-hundred day moving average price is $41.80.

OGE Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, April 7th will be issued a dividend of $0.4213 per share. This represents a $1.69 dividend on an annualized basis and a yield of 3.80%. The ex-dividend date is Monday, April 7th. OGE Energy’s payout ratio is 76.36%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on OGE shares. Evercore ISI raised shares of OGE Energy from an “in-line” rating to an “outperform” rating and lifted their price target for the company from $40.00 to $47.00 in a report on Tuesday, January 21st. Barclays lifted their price target on shares of OGE Energy from $42.00 to $44.00 and gave the company an “equal weight” rating in a report on Tuesday, February 25th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $45.67.

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.