1,062 Shares in OGE Energy Corp. (NYSE:OGE) Purchased by BankPlus Trust Department

BankPlus Trust Department purchased a new position in OGE Energy Corp. (NYSE:OGE) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 1,062 shares of the utilities provider’s stock, valued at approximately $44,000.

Several other institutional investors also recently modified their holdings of OGE. State Street Corp increased its stake in OGE Energy by 2.8% during the 3rd quarter. State Street Corp now owns 6,836,303 shares of the utilities provider’s stock valued at $280,425,000 after purchasing an additional 185,069 shares in the last quarter. Geode Capital Management LLC increased its stake in OGE Energy by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 3,349,471 shares of the utilities provider’s stock valued at $137,433,000 after purchasing an additional 40,733 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in OGE Energy by 0.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,339,833 shares of the utilities provider’s stock valued at $54,960,000 after purchasing an additional 4,761 shares in the last quarter. Verition Fund Management LLC increased its stake in OGE Energy by 25.2% during the 3rd quarter. Verition Fund Management LLC now owns 1,318,556 shares of the utilities provider’s stock valued at $54,087,000 after purchasing an additional 265,115 shares in the last quarter. Finally, Allianz Asset Management GmbH increased its stake in OGE Energy by 15.8% during the 4th quarter. Allianz Asset Management GmbH now owns 1,230,591 shares of the utilities provider’s stock valued at $50,762,000 after purchasing an additional 168,323 shares in the last quarter. 71.84% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Evercore ISI upgraded shares of OGE Energy from an “in-line” rating to an “outperform” rating and raised their price objective for the company from $40.00 to $47.00 in a research note on Tuesday, January 21st. Barclays raised their price objective 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. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, OGE Energy presently has a consensus rating of “Hold” and a consensus price target of $45.67.

OGE Energy Price Performance

NYSE OGE opened at $45.32 on Wednesday. OGE Energy Corp. has a 12 month low of $32.37 and a 12 month high of $45.60. The stock has a market cap of $9.12 billion, a price-to-earnings ratio of 20.60, a PEG ratio of 3.30 and a beta of 0.78. The company’s 50 day moving average is $42.25 and its two-hundred day moving average is $41.47. The company has a current ratio of 0.73, a quick ratio of 0.51 and a debt-to-equity ratio of 1.08.

OGE Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, April 7th will be given a dividend of $0.4213 per share. This represents a $1.69 annualized dividend and a dividend yield of 3.72%. The ex-dividend date is Monday, April 7th. OGE Energy’s payout ratio is currently 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.