New Age Alpha Advisors LLC Purchases New Shares in OGE Energy Corp. (NYSE:OGE)

New Age Alpha Advisors LLC acquired a new position in OGE Energy Corp. (NYSE:OGE) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 132,700 shares of the utilities provider’s stock, valued at approximately $5,474,000.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of OGE Energy by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 21,413,588 shares of the utilities provider’s stock valued at $883,311,000 after acquiring an additional 203,129 shares during the last quarter. State Street Corp raised its position in OGE Energy by 2.8% during the third 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 during the period. Boston Partners lifted its stake in shares of OGE Energy by 6.6% in the 4th quarter. Boston Partners now owns 4,182,795 shares of the utilities provider’s stock valued at $172,554,000 after purchasing an additional 258,989 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of OGE Energy by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 3,349,471 shares of the utilities provider’s stock worth $137,433,000 after purchasing an additional 40,733 shares during the period. Finally, Norges Bank bought a new position in shares of OGE Energy during the 4th quarter valued at approximately $68,876,000. 71.84% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

OGE Energy Stock Performance

Shares of OGE Energy stock opened at $45.49 on Friday. The company has a quick ratio of 0.51, a current ratio of 0.73 and a debt-to-equity ratio of 1.08. The stock’s fifty day moving average is $44.01 and its two-hundred day moving average is $42.31. OGE Energy Corp. has a 52 week low of $32.37 and a 52 week high of $46.54. The company has a market capitalization of $9.16 billion, a PE ratio of 20.68, a price-to-earnings-growth ratio of 3.30 and a beta of 0.70.

OGE Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders 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 3.70%. The ex-dividend date is Monday, April 7th. OGE Energy’s payout ratio is presently 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.