Brandywine Global Investment Management LLC Sells 9,238 Shares of OGE Energy Corp. (NYSE:OGE)

Brandywine Global Investment Management LLC lessened its position in shares of OGE Energy Corp. (NYSE:OGE) by 7.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 122,119 shares of the utilities provider’s stock after selling 9,238 shares during the period. Brandywine Global Investment Management LLC owned approximately 0.06% of OGE Energy worth $5,037,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cerity Partners LLC grew its holdings in OGE Energy by 41.1% in the 3rd quarter. Cerity Partners LLC now owns 11,496 shares of the utilities provider’s stock valued at $472,000 after buying an additional 3,350 shares in the last quarter. FMR LLC boosted its position in shares of OGE Energy by 16.3% in the third quarter. FMR LLC now owns 558,967 shares of the utilities provider’s stock valued at $22,929,000 after acquiring an additional 78,164 shares during the period. BNP Paribas Financial Markets grew its stake in shares of OGE Energy by 316.6% in the third quarter. BNP Paribas Financial Markets now owns 34,752 shares of the utilities provider’s stock valued at $1,426,000 after acquiring an additional 26,411 shares in the last quarter. Townsquare Capital LLC increased its position in OGE Energy by 15.0% during the third quarter. Townsquare Capital LLC now owns 12,235 shares of the utilities provider’s stock worth $502,000 after acquiring an additional 1,593 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in OGE Energy by 5.8% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 44,864 shares of the utilities provider’s stock worth $1,840,000 after purchasing an additional 2,469 shares in the last quarter. Institutional investors and hedge funds own 71.84% of the company’s stock.

Analyst Ratings Changes

OGE has been the topic of several recent research reports. LADENBURG THALM/SH SH raised shares of OGE Energy to a “hold” rating in a report on Monday, March 17th. Evercore ISI upgraded OGE Energy from an “in-line” rating to an “outperform” rating and raised their price objective for the stock from $40.00 to $47.00 in a research note on Tuesday, January 21st. Finally, Barclays upped their target price on OGE Energy from $42.00 to $44.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 25th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $45.67.

OGE Energy Stock Performance

NYSE OGE opened at $46.15 on Wednesday. OGE Energy Corp. has a 1 year low of $32.37 and a 1 year high of $46.54. The firm has a market capitalization of $9.29 billion, a price-to-earnings ratio of 20.98, a P/E/G ratio of 3.30 and a beta of 0.70. The company has a current ratio of 0.73, a quick ratio of 0.51 and a debt-to-equity ratio of 1.08. The firm’s 50 day simple moving average is $44.13 and its 200 day simple moving average is $42.42.

OGE Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders 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 3.65%. OGE Energy’s payout ratio 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.