Hartree Partners LP Takes Position in OGE Energy Corp. (NYSE:OGE)

Hartree Partners LP bought a new position in OGE Energy Corp. (NYSE:OGE) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 11,700 shares of the utilities provider’s stock, valued at approximately $483,000.

A number of other institutional investors also recently made changes to their positions in the business. FMR LLC boosted its position in OGE Energy by 16.3% during the third quarter. FMR LLC now owns 558,967 shares of the utilities provider’s stock valued at $22,929,000 after buying an additional 78,164 shares during the period. PEAK6 Investments LLC purchased a new stake in OGE Energy during the 3rd quarter valued at about $783,000. BNP Paribas Financial Markets grew its position in OGE Energy by 316.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 34,752 shares of the utilities provider’s stock worth $1,426,000 after acquiring an additional 26,411 shares during the last quarter. Merit Financial Group LLC increased its stake in OGE Energy by 14.2% in the 4th quarter. Merit Financial Group LLC now owns 6,505 shares of the utilities provider’s stock worth $268,000 after purchasing an additional 810 shares during the period. Finally, Harbor Capital Advisors Inc. lifted its position in OGE Energy by 83.4% in the fourth quarter. Harbor Capital Advisors Inc. now owns 95,691 shares of the utilities provider’s stock valued at $3,947,000 after purchasing an additional 43,529 shares during the last quarter. Hedge funds and other institutional investors own 71.84% of the company’s stock.

OGE Energy Stock Performance

NYSE:OGE opened at $45.49 on Friday. The company has a quick ratio of 0.51, a current ratio of 0.73 and a debt-to-equity ratio of 1.08. The firm’s fifty day simple moving average is $44.01 and its 200 day simple moving average is $42.33. The stock has a market cap of $9.16 billion, a P/E ratio of 20.68, a price-to-earnings-growth ratio of 3.30 and a beta of 0.70. OGE Energy Corp. has a twelve month low of $32.37 and a twelve month high of $46.54.

OGE Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors 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 dividend yield of 3.70%. The ex-dividend date of this dividend is Monday, April 7th. OGE Energy’s dividend payout ratio is currently 76.36%.

Analyst Ratings Changes

OGE has been the topic of several recent analyst reports. Evercore ISI upgraded shares of OGE Energy from an “in-line” rating to an “outperform” rating and raised their target price for the stock from $40.00 to $47.00 in a report on Tuesday, January 21st. LADENBURG THALM/SH SH raised shares of OGE Energy to a “hold” rating in a report on Monday, March 17th. Finally, Barclays upped their price objective on shares of 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 research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, OGE Energy currently has a consensus rating of “Hold” and an average 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.