OGE Energy Corp. (NYSE:OGE) Stake Raised by Swiss National Bank

Swiss National Bank increased its holdings in OGE Energy Corp. (NYSE:OGE) by 0.9% in the 4th quarter, Holdings Channel reports. The fund owned 395,000 shares of the utilities provider’s stock after purchasing an additional 3,600 shares during the period. Swiss National Bank’s holdings in OGE Energy were worth $16,294,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Mather Group LLC. lifted its stake in 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 in the last quarter. CIBC Asset Management Inc lifted its stake in 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 in the last quarter. Gries Financial LLC lifted its stake in 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 in the last quarter. UMB Bank n.a. lifted its stake in OGE Energy by 6.7% in the 4th quarter. UMB Bank n.a. now owns 8,209 shares of the utilities provider’s stock worth $339,000 after acquiring an additional 515 shares in the last quarter. Finally, Arizona State Retirement System lifted its stake in OGE Energy by 1.0% in the 4th quarter. Arizona State Retirement System now owns 58,296 shares of the utilities provider’s stock worth $2,405,000 after acquiring an additional 549 shares in the last quarter. 71.84% of the stock is owned by hedge funds and other institutional investors.

OGE Energy Stock Down 0.2 %

OGE opened at $44.78 on Wednesday. OGE Energy Corp. has a fifty-two week low of $32.37 and a fifty-two week high of $46.54. The business has a 50-day moving average of $43.37 and a 200-day moving average of $42.05. 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 company has a market capitalization of $9.01 billion, a PE ratio of 20.35, a price-to-earnings-growth ratio of 3.30 and a beta of 0.70.

OGE Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, April 7th will be paid a $0.4213 dividend. This represents a $1.69 dividend on an annualized basis and a dividend yield of 3.76%. The ex-dividend date is Monday, April 7th. OGE Energy’s payout ratio is 76.36%.

Analysts Set New Price Targets

Several brokerages recently issued reports on OGE. Barclays increased their price objective on OGE Energy from $42.00 to $44.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 25th. Evercore ISI raised OGE Energy from an “in-line” rating to an “outperform” rating and raised their price target for the stock from $40.00 to $47.00 in a research note on Tuesday, January 21st. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, OGE Energy presently 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.