OGE Energy Corp. (NYSE:OGE) Shares Acquired by California Public Employees Retirement System

California Public Employees Retirement System lifted its holdings in shares of OGE Energy Corp. (NYSE:OGE) by 1.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 958,378 shares of the utilities provider’s stock after acquiring an additional 15,124 shares during the period. California Public Employees Retirement System owned 0.48% of OGE Energy worth $39,533,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in OGE. Norges Bank acquired a new stake in OGE Energy during the fourth quarter worth approximately $68,876,000. Raymond James Financial Inc. purchased a new position in shares of OGE Energy in the 4th quarter valued at $11,862,000. Boston Partners raised its stake in OGE Energy by 6.6% during the 4th quarter. Boston Partners now owns 4,182,795 shares of the utilities provider’s stock worth $172,554,000 after acquiring an additional 258,989 shares in the last quarter. Duff & Phelps Investment Management Co. lifted its position in OGE Energy by 11.7% in the fourth quarter. Duff & Phelps Investment Management Co. now owns 2,089,289 shares of the utilities provider’s stock valued at $86,183,000 after acquiring an additional 218,509 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its stake in OGE Energy by 59.4% in the fourth quarter. Victory Capital Management Inc. now owns 549,491 shares of the utilities provider’s stock valued at $22,667,000 after acquiring an additional 204,837 shares in the last quarter. Hedge funds and other institutional investors own 71.84% of the company’s stock.

OGE Energy Stock Up 0.6 %

OGE opened at $46.41 on Thursday. OGE Energy Corp. has a 52 week low of $32.37 and a 52 week high of $46.54. The business has a 50 day moving average price of $44.21 and a two-hundred day moving average price of $42.45. The company has a quick ratio of 0.51, a current ratio of 0.73 and a debt-to-equity ratio of 1.08. The company has a market cap of $9.34 billion, a PE ratio of 21.10, a P/E/G ratio of 3.30 and a beta of 0.70.

OGE Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, April 7th will be issued a dividend of $0.4213 per share. This represents a $1.69 annualized dividend and a dividend yield of 3.63%. The ex-dividend date is Monday, April 7th. OGE Energy’s dividend payout ratio is presently 76.36%.

Analysts Set New Price Targets

Several analysts have recently weighed in on OGE shares. Barclays boosted their target price on OGE Energy from $42.00 to $44.00 and gave the company an “equal weight” rating in a report on Tuesday, February 25th. Evercore ISI upgraded OGE Energy from an “in-line” rating to an “outperform” rating and boosted their price objective for the company from $40.00 to $47.00 in a research note on Tuesday, January 21st. Finally, LADENBURG THALM/SH SH upgraded shares of OGE Energy to a “hold” rating in a research report on Monday, March 17th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, OGE Energy presently 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.