OGE Energy Corp. (NYSE:OGE) Shares Sold by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS reduced its stake in OGE Energy Corp. (NYSE:OGE) by 0.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 380,526 shares of the utilities provider’s stock after selling 410 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned 0.19% of OGE Energy worth $15,697,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. 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 lifted its holdings in shares of OGE Energy by 5.1% in the 4th quarter. CIBC Asset Management Inc now owns 6,038 shares of the utilities provider’s stock worth $249,000 after acquiring an additional 295 shares during the last quarter. Gries Financial LLC lifted its holdings in shares of OGE Energy by 1.7% in the 4th quarter. Gries Financial LLC now owns 30,877 shares of the utilities provider’s stock worth $1,274,000 after acquiring an additional 514 shares during the last quarter. UMB Bank n.a. lifted its holdings in OGE Energy by 6.7% during the 4th 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 in the last quarter. Finally, Arizona State Retirement System lifted its holdings in OGE Energy by 1.0% during the 4th quarter. Arizona State Retirement System now owns 58,296 shares of the utilities provider’s stock worth $2,405,000 after buying an additional 549 shares in the last quarter. 71.84% of the stock is currently owned by institutional investors and hedge funds.

OGE Energy Trading Up 0.3 %

NYSE OGE opened at $45.31 on Friday. 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’s fifty day moving average price is $43.54 and its 200 day moving average price is $42.09. The company has a market capitalization of $9.12 billion, a price-to-earnings ratio of 20.60, a price-to-earnings-growth ratio of 3.30 and a beta of 0.70. OGE Energy Corp. has a 12 month low of $32.37 and a 12 month high of $46.54.

OGE Energy Announces Dividend

The firm 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 annualized dividend and a yield of 3.72%. The ex-dividend date of this dividend is Monday, April 7th. OGE Energy’s payout ratio is currently 76.36%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on OGE shares. LADENBURG THALM/SH SH upgraded shares of OGE Energy to a “hold” rating in a report on Monday. Barclays increased their target price on shares of OGE Energy from $42.00 to $44.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 25th. Finally, Evercore ISI upgraded shares of OGE Energy from an “in-line” rating to an “outperform” rating and increased their target price for the stock from $40.00 to $47.00 in a report on Tuesday, January 21st. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $45.67.

OGE Energy 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.