Versor Investments LP Has $532,000 Holdings in OGE Energy Corp. (NYSE:OGE)

Versor Investments LP trimmed its stake in shares of OGE Energy Corp. (NYSE:OGE) by 32.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,900 shares of the utilities provider’s stock after selling 6,200 shares during the period. Versor Investments LP’s holdings in OGE Energy were worth $532,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Proficio Capital Partners LLC bought a new position in OGE Energy during the 4th quarter worth about $1,800,000. Illinois Municipal Retirement Fund grew its holdings in shares of OGE Energy by 28.0% during the fourth quarter. Illinois Municipal Retirement Fund now owns 40,350 shares of the utilities provider’s stock worth $1,664,000 after buying an additional 8,832 shares in the last quarter. BankPlus Trust Department acquired a new stake in OGE Energy in the 4th quarter valued at approximately $44,000. MONECO Advisors LLC bought a new stake in OGE Energy in the 4th quarter valued at approximately $310,000. Finally, JBR Co Financial Management Inc lifted its stake in OGE Energy by 1.2% in the 4th quarter. JBR Co Financial Management Inc now owns 74,395 shares of the utilities provider’s stock valued at $3,069,000 after acquiring an additional 850 shares in the last quarter. 71.84% of the stock is currently owned by institutional investors and hedge funds.

OGE Energy Stock Up 2.4 %

OGE stock opened at $46.26 on Friday. The company has a market cap of $9.30 billion, a price-to-earnings ratio of 21.03, a P/E/G ratio of 3.30 and a beta of 0.78. OGE Energy Corp. has a twelve month low of $32.37 and a twelve month high of $46.28. The business has a 50 day moving average price of $42.54 and a two-hundred day moving average price of $41.57. The company has a quick ratio of 0.51, a current ratio of 0.73 and a debt-to-equity ratio of 1.08.

OGE Energy Announces Dividend

The company also recently announced 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. The ex-dividend date is Monday, April 7th. This represents a $1.69 annualized dividend and a dividend yield of 3.64%. OGE Energy’s dividend payout ratio is presently 76.36%.

Wall Street Analyst Weigh In

OGE has been the subject of several research reports. Barclays raised their price target on shares of 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 shares of OGE Energy from an “in-line” rating to an “outperform” rating and raised their target price for the company from $40.00 to $47.00 in a research report on Tuesday, January 21st. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price 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.