California Public Employees Retirement System Increases Stock Position in OGE Energy Corp. (NYSE:OGE)

California Public Employees Retirement System grew its holdings in shares of OGE Energy Corp. (NYSE:OGE) by 1.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 958,378 shares of the utilities provider’s stock after buying an additional 15,124 shares during the period. California Public Employees Retirement System’s holdings in OGE Energy were worth $39,533,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the business. Stonebridge Financial Group LLC acquired a new position in OGE Energy during the fourth quarter worth $35,000. Principal Securities Inc. boosted 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 worth $40,000 after purchasing an additional 659 shares in the last quarter. BankPlus Trust Department acquired a new position in shares of OGE Energy during the 4th quarter worth $44,000. Lee Danner & Bass Inc. purchased a new position in shares of OGE Energy in the 4th quarter valued at about $45,000. Finally, Mather Group LLC. lifted its stake in shares of OGE Energy by 20.9% in the fourth quarter. Mather Group LLC. now owns 1,616 shares of the utilities provider’s stock valued at $67,000 after purchasing an additional 279 shares during the period. 71.84% of the stock is owned by hedge funds and other institutional investors.

OGE Energy Stock Up 0.6 %

OGE stock opened at $46.41 on Thursday. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.73 and a quick ratio of 0.51. OGE Energy Corp. has a 12 month low of $32.37 and a 12 month high of $46.54. The firm has a market capitalization of $9.34 billion, a PE ratio of 21.10, a P/E/G ratio of 3.30 and a beta of 0.70. The company’s 50 day simple moving average is $44.21 and its 200-day simple moving average is $42.45.

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. The ex-dividend date of this dividend is Monday, April 7th. This represents a $1.69 dividend on an annualized basis and a dividend yield of 3.63%. OGE Energy’s dividend payout ratio (DPR) is 76.36%.

Analyst Ratings Changes

OGE has been the topic of several recent analyst reports. Barclays upped their target price on shares of OGE Energy from $42.00 to $44.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 25th. Evercore ISI upgraded OGE Energy from an “in-line” rating to an “outperform” rating and upped their price target for the stock from $40.00 to $47.00 in a report on Tuesday, January 21st. Finally, LADENBURG THALM/SH SH raised OGE Energy to a “hold” rating in a report on Monday, March 17th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, OGE Energy presently 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.