OGE Energy Corp. (NYSE:OGE) Shares Acquired by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund increased its stake in shares of OGE Energy Corp. (NYSE:OGE) by 28.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 40,350 shares of the utilities provider’s stock after purchasing an additional 8,832 shares during the period. Illinois Municipal Retirement Fund’s holdings in OGE Energy were worth $1,664,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Stonebridge Financial Group LLC purchased a new position in OGE Energy during the 4th quarter worth $35,000. Principal Securities Inc. increased its stake in shares of OGE Energy by 204.7% during the fourth quarter. Principal Securities Inc. now owns 981 shares of the utilities provider’s stock worth $40,000 after acquiring an additional 659 shares during the period. BankPlus Trust Department acquired a new position in shares of OGE Energy during the fourth quarter worth about $44,000. Mather Group LLC. raised its holdings in OGE Energy by 20.9% during the fourth 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 lifted its position in OGE Energy by 185.8% in the fourth quarter. Allworth Financial LP now owns 1,815 shares of the utilities provider’s stock valued at $77,000 after purchasing an additional 1,180 shares during the period. 71.84% of the stock is currently owned by hedge funds and other institutional investors.

OGE Energy Trading Up 2.4 %

Shares of OGE opened at $46.26 on Friday. The firm’s 50-day moving average is $42.43 and its two-hundred day moving average is $41.52. OGE Energy Corp. has a twelve month low of $32.37 and a twelve month high of $46.28. The company has a current ratio of 0.73, a quick ratio of 0.51 and a debt-to-equity ratio of 1.08. The firm has a market capitalization of $9.30 billion, a P/E ratio of 21.03, a PEG ratio of 3.30 and a beta of 0.78.

OGE Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, April 7th will be paid a $0.4213 dividend. This represents a $1.69 annualized dividend and a yield of 3.64%. The ex-dividend date is Monday, April 7th. OGE Energy’s payout ratio is currently 76.36%.

Wall Street Analysts Forecast Growth

OGE has been the topic of several recent analyst reports. Evercore ISI upgraded OGE Energy from an “in-line” rating to an “outperform” rating and boosted their target price for the stock from $40.00 to $47.00 in a research report on Tuesday, January 21st. Barclays upped their price objective on OGE Energy from $42.00 to $44.00 and gave the stock an “equal weight” rating in a report on Tuesday. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $45.67.

OGE Energy Company 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.