Brandywine Global Investment Management LLC Has $5.04 Million Stock Holdings in OGE Energy Corp. (NYSE:OGE)

Brandywine Global Investment Management LLC lowered its stake in OGE Energy Corp. (NYSE:OGE) by 7.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 122,119 shares of the utilities provider’s stock after selling 9,238 shares during the period. Brandywine Global Investment Management LLC’s holdings in OGE Energy were worth $5,037,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Cerity Partners LLC boosted its holdings in shares of OGE Energy by 41.1% during the 3rd quarter. Cerity Partners LLC now owns 11,496 shares of the utilities provider’s stock valued at $472,000 after acquiring an additional 3,350 shares in the last quarter. FMR LLC raised its position in OGE Energy by 16.3% in the third quarter. FMR LLC now owns 558,967 shares of the utilities provider’s stock valued at $22,929,000 after purchasing an additional 78,164 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in shares of OGE Energy by 316.6% during the third quarter. BNP Paribas Financial Markets now owns 34,752 shares of the utilities provider’s stock valued at $1,426,000 after purchasing an additional 26,411 shares in the last quarter. Townsquare Capital LLC grew its holdings in shares of OGE Energy by 15.0% during the third quarter. Townsquare Capital LLC now owns 12,235 shares of the utilities provider’s stock worth $502,000 after purchasing an additional 1,593 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of OGE Energy by 5.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 44,864 shares of the utilities provider’s stock valued at $1,840,000 after buying an additional 2,469 shares during the period. Institutional investors own 71.84% of the company’s stock.

OGE Energy Stock Up 0.4 %

OGE Energy stock opened at $46.15 on Wednesday. The firm has a market cap of $9.29 billion, a price-to-earnings ratio of 20.98, 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. The firm has a 50 day moving average price of $44.13 and a two-hundred day moving average price of $42.42.

OGE Energy Announces Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Monday, April 7th. This represents a $1.69 annualized dividend and a yield of 3.65%. OGE Energy’s payout ratio is 76.36%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on OGE. LADENBURG THALM/SH SH raised shares of OGE Energy to a “hold” rating in a report on Monday, March 17th. Evercore ISI raised shares of OGE Energy from an “in-line” rating to an “outperform” rating and boosted their price objective for the stock from $40.00 to $47.00 in a research note on Tuesday, January 21st. Finally, Barclays raised their target price on OGE Energy from $42.00 to $44.00 and gave the stock an “equal weight” rating in a research 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 stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus 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.