OGE Energy Corp. (NYSE:OGE) Shares Bought by Assetmark Inc.

Assetmark Inc. boosted its position in shares of OGE Energy Corp. (NYSE:OGE) by 4.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 362,601 shares of the utilities provider’s stock after acquiring an additional 16,244 shares during the period. Assetmark Inc. owned about 0.18% of OGE Energy worth $14,957,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in OGE. Stonebridge Financial Group LLC acquired a new position in shares of OGE Energy in the 4th quarter valued at $35,000. Principal Securities Inc. boosted its holdings 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 buying an additional 659 shares in the last quarter. BankPlus Trust Department acquired a new position in shares of OGE Energy in the 4th quarter valued at $44,000. Mather Group LLC. boosted its holdings 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 buying an additional 279 shares in the last quarter. Finally, Allworth Financial LP boosted its holdings in shares of OGE Energy by 185.8% in 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 in the last quarter. Institutional investors and hedge funds own 71.84% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on OGE shares. Evercore ISI upgraded shares of OGE Energy from an “in-line” rating to an “outperform” rating and upped their target price for the company from $40.00 to $47.00 in a report on Tuesday, January 21st. Barclays upped their target price on shares of OGE Energy from $42.00 to $44.00 and gave the company an “equal weight” rating in a report on Tuesday, February 25th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $45.67.

OGE Energy Stock Down 1.4 %

OGE stock opened at $44.04 on Friday. The company has a fifty day moving average price of $42.77 and a 200 day moving average price of $41.72. OGE Energy Corp. has a 12 month low of $32.37 and a 12 month high of $46.54. The company has a market cap of $8.86 billion, a price-to-earnings ratio of 20.02, a price-to-earnings-growth ratio of 3.30 and a beta of 0.70. 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 Dividend Announcement

The firm 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 $0.4213 dividend. The ex-dividend date is Monday, April 7th. This represents a $1.69 annualized dividend and a yield of 3.83%. OGE Energy’s dividend payout ratio (DPR) is 76.36%.

OGE Energy 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.