OGE Energy Corp. (NYSE:OGE) Shares Purchased by Dean Investment Associates LLC

Dean Investment Associates LLC increased its stake in shares of OGE Energy Corp. (NYSE:OGE) by 4.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 96,687 shares of the utilities provider’s stock after buying an additional 4,190 shares during the period. Dean Investment Associates LLC’s holdings in OGE Energy were worth $3,988,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. Headlands Technologies LLC purchased a new stake in OGE Energy during the 4th quarter worth $27,000. Bessemer Group Inc. increased its position in OGE Energy by 102.0% in the 4th quarter. Bessemer Group Inc. now owns 715 shares of the utilities provider’s stock valued at $30,000 after acquiring an additional 361 shares during the period. Stonebridge Financial Group LLC bought a new position in shares of OGE Energy in the fourth quarter valued at approximately $35,000. Principal Securities Inc. grew 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 worth $40,000 after acquiring an additional 659 shares during the last quarter. Finally, BankPlus Trust Department acquired a new position in OGE Energy in the 4th quarter worth approximately $44,000. Institutional investors and hedge funds own 71.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on OGE. Evercore ISI raised 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 research report on Tuesday, January 21st. Argus upgraded shares of OGE Energy from a “hold” rating to a “buy” rating and set a $47.00 price target on the stock in a research note on Friday, April 11th. 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 note on Tuesday, February 25th. Finally, LADENBURG THALM/SH SH raised OGE Energy to a “hold” rating in a report on Monday, March 17th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, OGE Energy presently has an average rating of “Moderate Buy” and a consensus target price of $46.00.

OGE Energy Stock Down 0.0 %

OGE opened at $44.77 on Thursday. The firm has a market capitalization of $9.01 billion, a P/E ratio of 20.35, a PEG ratio of 3.30 and a beta of 0.57. OGE Energy Corp. has a fifty-two week low of $32.50 and a fifty-two week high of $46.91. 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’s 50-day moving average is $44.49 and its 200 day moving average is $42.67.

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 given a $0.4213 dividend. This represents a $1.69 annualized dividend and a dividend yield of 3.76%. The ex-dividend date of this dividend is Monday, April 7th. OGE Energy’s dividend payout ratio (DPR) is 76.36%.

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.