OGE Energy Corp. (NYSE:OGE) Stake Boosted by Duff & Phelps Investment Management Co.

Duff & Phelps Investment Management Co. grew its holdings in OGE Energy Corp. (NYSE:OGE) by 11.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,089,289 shares of the utilities provider’s stock after purchasing an additional 218,509 shares during the period. Duff & Phelps Investment Management Co. owned about 1.04% of OGE Energy worth $86,183,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Stonebridge Financial Group LLC bought a new position in shares of OGE Energy in the fourth quarter valued at approximately $35,000. Principal Securities Inc. raised its stake in OGE Energy by 204.7% during the fourth quarter. Principal Securities Inc. now owns 981 shares of the utilities provider’s stock worth $40,000 after acquiring an additional 659 shares in the last quarter. BankPlus Trust Department bought a new position in OGE Energy during the 4th quarter valued at about $44,000. Lee Danner & Bass Inc. acquired a new position in shares of OGE Energy in the 4th quarter worth approximately $45,000. Finally, Mather Group LLC. lifted its position 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. Institutional investors and hedge funds own 71.84% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on OGE shares. LADENBURG THALM/SH SH raised shares of OGE Energy to a “hold” rating in a report on Monday, March 17th. Evercore ISI raised OGE Energy from an “in-line” rating to an “outperform” rating and lifted their target price for the company from $40.00 to $47.00 in a research report on Tuesday, January 21st. Finally, Barclays raised their price target on OGE Energy from $42.00 to $44.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 25th. 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 data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $45.67.

OGE Energy Stock Performance

Shares of OGE stock opened at $45.04 on Friday. OGE Energy Corp. has a one year low of $32.37 and a one year high of $46.54. The business’s 50 day simple moving average is $43.95 and its 200 day simple moving average is $42.27. The stock has a market capitalization of $9.07 billion, a PE ratio of 20.47, a PEG ratio of 3.30 and a beta of 0.70. 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 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 issued a dividend of $0.4213 per share. This represents a $1.69 annualized dividend and a yield of 3.74%. The ex-dividend date of this dividend is Monday, April 7th. OGE Energy’s dividend payout ratio (DPR) is presently 76.36%.

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.