Teacher Retirement System of Texas Sells 19,185 Shares of OGE Energy Corp. (NYSE:OGE)

Teacher Retirement System of Texas cut its stake in shares of OGE Energy Corp. (NYSE:OGE) by 17.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 88,816 shares of the utilities provider’s stock after selling 19,185 shares during the quarter. Teacher Retirement System of Texas’ holdings in OGE Energy were worth $3,664,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Stonebridge Financial Group LLC bought a new position in shares of OGE Energy in the fourth quarter worth approximately $35,000. Principal Securities Inc. boosted its stake in OGE Energy by 204.7% during 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 last quarter. BankPlus Trust Department purchased a new stake in OGE Energy during the 4th quarter valued at $44,000. Mather Group LLC. increased 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 worth $67,000 after purchasing an additional 279 shares in the last quarter. Finally, Allworth Financial LP raised its stake in shares of OGE Energy by 185.8% in the fourth quarter. Allworth Financial LP now owns 1,815 shares of the utilities provider’s stock worth $77,000 after purchasing an additional 1,180 shares during the last quarter. Hedge funds and other institutional investors own 71.84% of the company’s stock.

OGE Energy Trading Up 0.2 %

Shares of NYSE:OGE opened at $45.07 on Tuesday. The stock’s 50-day simple moving average is $43.75 and its two-hundred day simple moving average is $42.20. The stock has a market capitalization of $9.07 billion, a price-to-earnings ratio of 20.48, a PEG ratio of 3.30 and a beta of 0.70. OGE Energy Corp. has a 52-week low of $32.37 and a 52-week high of $46.54. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.51 and a current ratio of 0.73.

OGE Energy Announces Dividend

The firm also recently disclosed 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 3.74%. The ex-dividend date of this dividend is Monday, April 7th. OGE Energy’s payout ratio is 76.36%.

Analyst Upgrades and Downgrades

OGE has been the subject of several research analyst reports. LADENBURG THALM/SH SH upgraded OGE Energy to a “hold” rating in a report on Monday, March 17th. Barclays raised their price target 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. Finally, Evercore ISI upgraded shares of OGE Energy from an “in-line” rating to an “outperform” rating and increased their price objective for the company from $40.00 to $47.00 in a research report on Tuesday, January 21st. Four equities research 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, OGE Energy has an average rating of “Hold” and an average target price 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.