1,062 Shares in OGE Energy Corp. (NYSE:OGE) Acquired by BankPlus Trust Department

BankPlus Trust Department bought a new position in shares of OGE Energy Corp. (NYSE:OGE) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,062 shares of the utilities provider’s stock, valued at approximately $44,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Stonebridge Financial Group LLC purchased a new position in OGE Energy in the 4th quarter worth approximately $35,000. Principal Securities Inc. boosted its stake in shares of OGE Energy by 204.7% in the 4th quarter. Principal Securities Inc. now owns 981 shares of the utilities provider’s stock valued at $40,000 after purchasing an additional 659 shares in the last quarter. Fortitude Family Office LLC purchased a new stake in shares of OGE Energy in the 3rd quarter valued at $63,000. Mather Group LLC. boosted its stake 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 valued at $67,000 after purchasing an additional 279 shares in the last quarter. Finally, Allworth Financial LP boosted its position in OGE Energy by 185.8% during the 4th quarter. Allworth Financial LP now owns 1,815 shares of the utilities provider’s stock valued at $77,000 after buying an additional 1,180 shares during the period. Institutional investors own 71.84% of the company’s stock.

OGE Energy Stock Up 0.4 %

Shares of NYSE OGE opened at $45.32 on Wednesday. The company has a current ratio of 0.73, a quick ratio of 0.51 and a debt-to-equity ratio of 1.08. OGE Energy Corp. has a 12 month low of $32.37 and a 12 month high of $45.60. The firm has a market capitalization of $9.12 billion, a PE ratio of 20.60, a price-to-earnings-growth ratio of 3.30 and a beta of 0.78. The firm has a fifty day simple moving average of $42.25 and a two-hundred day simple moving average of $41.47.

OGE Energy Dividend Announcement

The business 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 $0.4213 dividend. The ex-dividend date is Monday, April 7th. This represents a $1.69 annualized dividend and a yield of 3.72%. OGE Energy’s dividend payout ratio (DPR) is presently 76.36%.

Analysts Set New Price Targets

Several brokerages have weighed in on OGE. Barclays increased their price target on shares of OGE Energy from $42.00 to $44.00 and gave the company an “equal weight” rating in a research report on Tuesday. Evercore ISI raised shares of OGE Energy from an “in-line” rating to an “outperform” rating and increased their price target for the company from $40.00 to $47.00 in a research report on Tuesday, January 21st. Three investment 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, the stock has an average rating of “Hold” and an average price target of $45.67.

OGE Energy Company 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.