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

Teacher Retirement System of Texas lowered its stake in OGE Energy Corp. (NYSE:OGE) by 17.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm 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 filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Stonebridge Financial Group LLC bought a new stake in OGE Energy during the 4th quarter worth approximately $35,000. Principal Securities Inc. raised its position 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 valued at $40,000 after purchasing an additional 659 shares during the period. BankPlus Trust Department purchased a new position in shares of OGE Energy during the 4th quarter valued at $44,000. Mather Group LLC. boosted its holdings in 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 buying an additional 279 shares during the period. Finally, Allworth Financial LP increased its stake in OGE Energy by 185.8% in the 4th quarter. Allworth Financial LP now owns 1,815 shares of the utilities provider’s stock worth $77,000 after buying an additional 1,180 shares in the last quarter. 71.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

OGE has been the topic of several research analyst reports. Evercore ISI upgraded OGE Energy from an “in-line” rating to an “outperform” rating and boosted their price objective for the company from $40.00 to $47.00 in a research report on Tuesday, January 21st. LADENBURG THALM/SH SH raised OGE Energy to a “hold” rating in a report on Monday, March 17th. Finally, Barclays lifted 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 report on Tuesday, February 25th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, OGE Energy has an average rating of “Hold” and an average price target of $45.67.

OGE Energy Trading Up 0.2 %

Shares of OGE stock opened at $45.07 on Tuesday. The stock’s 50-day moving average price is $43.75 and its 200-day moving average price is $42.20. OGE Energy Corp. has a 12-month low of $32.37 and a 12-month high of $46.54. The stock has a market capitalization of $9.07 billion, a price-to-earnings ratio of 20.48, a price-to-earnings-growth 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.

OGE Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, April 7th will be issued a dividend of $0.4213 per share. The ex-dividend date is Monday, April 7th. This represents a $1.69 annualized dividend and a dividend yield of 3.74%. OGE Energy’s dividend payout ratio (DPR) 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.