Dana Investment Advisors Inc. Has $2.70 Million Position in OGE Energy Corp. (NYSE:OGE)

Dana Investment Advisors Inc. lowered its holdings in OGE Energy Corp. (NYSE:OGE) by 11.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 65,548 shares of the utilities provider’s stock after selling 8,565 shares during the quarter. Dana Investment Advisors Inc.’s holdings in OGE Energy were worth $2,704,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of OGE. Stonebridge Financial Group LLC acquired a new stake in OGE Energy in the 4th quarter valued at $35,000. Principal Securities Inc. grew its position in 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 purchasing an additional 659 shares during the period. BankPlus Trust Department purchased a new position in OGE Energy during the 4th quarter worth $44,000. Mather Group LLC. boosted its holdings in OGE Energy by 20.9% during the 4th quarter. Mather Group LLC. now owns 1,616 shares of the utilities provider’s stock worth $67,000 after acquiring an additional 279 shares during the last quarter. Finally, Allworth Financial LP boosted its holdings in OGE Energy by 185.8% during the 4th quarter. Allworth Financial LP now owns 1,815 shares of the utilities provider’s stock worth $77,000 after acquiring an additional 1,180 shares during the last quarter. Institutional investors and hedge funds own 71.84% of the company’s stock.

OGE Energy Price Performance

Shares of NYSE:OGE opened at $43.86 on Friday. The company’s 50-day moving average is $42.83 and its 200 day moving average is $41.74. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.51 and a current ratio of 0.73. The company has a market capitalization of $8.82 billion, a P/E ratio of 19.93, a price-to-earnings-growth ratio of 3.30 and a beta of 0.70. OGE Energy Corp. has a fifty-two week low of $32.37 and a fifty-two week high of $46.54.

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 $0.4213 dividend. This represents a $1.69 dividend on an annualized basis and a dividend yield of 3.84%. The ex-dividend date is Monday, April 7th. OGE Energy’s dividend payout ratio (DPR) is currently 76.36%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Barclays lifted their price objective on shares of OGE Energy from $42.00 to $44.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 25th. Evercore ISI raised shares of OGE Energy from an “in-line” rating to an “outperform” rating and lifted their price objective for the stock from $40.00 to $47.00 in a report on Tuesday, January 21st. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $45.67.

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.