Royal London Asset Management Ltd. Has $25.12 Million Stock Position in OGE Energy Corp. (NYSE:OGE)

Royal London Asset Management Ltd. lowered its holdings in OGE Energy Corp. (NYSE:OGE) by 3.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 608,931 shares of the utilities provider’s stock after selling 23,428 shares during the quarter. Royal London Asset Management Ltd. owned 0.30% of OGE Energy worth $25,118,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Stonebridge Financial Group LLC acquired a new stake in shares of OGE Energy during the 4th quarter worth approximately $35,000. Principal Securities Inc. grew its holdings in shares of OGE Energy by 204.7% during the 4th quarter. Principal Securities Inc. now owns 981 shares of the utilities provider’s stock worth $40,000 after purchasing an additional 659 shares in the last quarter. BankPlus Trust Department acquired a new stake in shares of OGE Energy during the 4th quarter worth approximately $44,000. Mather Group LLC. grew its holdings in shares of 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 purchasing an additional 279 shares in the last quarter. Finally, Allworth Financial LP grew its holdings in shares of 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 purchasing an additional 1,180 shares in the last quarter. Institutional investors and hedge funds own 71.84% of the company’s stock.

OGE Energy Trading Down 0.7 %

Shares of OGE opened at $44.95 on Friday. The stock has a fifty day moving average price of $43.65 and a two-hundred day moving average price of $42.13. 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 Corp. has a 52-week low of $32.37 and a 52-week high of $46.54. The company has a market cap of $9.05 billion, a price-to-earnings ratio of 20.43, a PEG ratio of 3.30 and a beta of 0.70.

OGE Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, April 7th will be given a $0.4213 dividend. The ex-dividend date is Monday, April 7th. This represents a $1.69 annualized dividend and a yield of 3.75%. OGE Energy’s payout ratio is 76.36%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on OGE shares. Evercore ISI raised 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. Barclays boosted their price target on OGE Energy from $42.00 to $44.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 25th. Finally, LADENBURG THALM/SH SH raised OGE Energy to a “hold” rating in a research note on Monday, March 17th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus 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.