JBR Co Financial Management Inc Has $3.07 Million Stock Position in OGE Energy Corp. (NYSE:OGE)

JBR Co Financial Management Inc grew its stake in shares of OGE Energy Corp. (NYSE:OGE) by 1.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 74,395 shares of the utilities provider’s stock after purchasing an additional 850 shares during the period. OGE Energy makes up 1.9% of JBR Co Financial Management Inc’s investment portfolio, making the stock its 13th biggest holding. JBR Co Financial Management Inc’s holdings in OGE Energy were worth $3,069,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. State Street Corp raised its holdings in shares of OGE Energy by 2.8% during the third quarter. State Street Corp now owns 6,836,303 shares of the utilities provider’s stock valued at $280,425,000 after purchasing an additional 185,069 shares during the period. Geode Capital Management LLC raised its holdings in shares of OGE Energy by 1.2% during the third quarter. Geode Capital Management LLC now owns 3,349,471 shares of the utilities provider’s stock valued at $137,433,000 after purchasing an additional 40,733 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of OGE Energy by 0.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,339,833 shares of the utilities provider’s stock valued at $54,960,000 after purchasing an additional 4,761 shares during the period. Verition Fund Management LLC raised its holdings in shares of OGE Energy by 25.2% during the third quarter. Verition Fund Management LLC now owns 1,318,556 shares of the utilities provider’s stock valued at $54,087,000 after purchasing an additional 265,115 shares during the period. Finally, Allianz Asset Management GmbH raised its holdings in shares of OGE Energy by 15.8% in the 4th quarter. Allianz Asset Management GmbH now owns 1,230,591 shares of the utilities provider’s stock worth $50,762,000 after acquiring an additional 168,323 shares during the last quarter. Institutional investors and hedge funds own 71.84% of the company’s stock.

OGE Energy Trading Up 2.0 %

OGE opened at $45.19 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. OGE Energy Corp. has a fifty-two week low of $32.37 and a fifty-two week high of $45.32. The firm has a market capitalization of $9.09 billion, a PE ratio of 20.54, a P/E/G ratio of 3.30 and a beta of 0.78. The company’s 50-day moving average is $42.12 and its 200 day moving average is $41.37.

OGE Energy Announces Dividend

The company 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 $0.4213 dividend. This represents a $1.69 dividend on an annualized basis and a yield of 3.73%. The ex-dividend date of this dividend is Monday, April 7th. OGE Energy’s payout ratio is 76.36%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on OGE shares. Barclays lowered their target price on shares of OGE Energy from $43.00 to $42.00 and set an “equal weight” rating on the stock in a report on Friday, January 24th. Evercore ISI upgraded shares of OGE Energy from an “in-line” rating to an “outperform” rating and upped their target price for the stock from $40.00 to $47.00 in a report on Tuesday, January 21st. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $45.00.

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.