OGE Energy Corp. (NYSE:OGE) Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp cut its stake in OGE Energy Corp. (NYSE:OGE) by 26.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,808 shares of the utilities provider’s stock after selling 5,708 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in OGE Energy were worth $652,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. FMR LLC grew its position in shares of OGE Energy by 16.3% during the third quarter. FMR LLC now owns 558,967 shares of the utilities provider’s stock worth $22,929,000 after acquiring an additional 78,164 shares during the last quarter. PEAK6 Investments LLC acquired a new stake in shares of OGE Energy in the third quarter valued at approximately $783,000. BNP Paribas Financial Markets raised its holdings 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 buying an additional 26,411 shares during the last quarter. Merit Financial Group LLC boosted its position in shares of OGE Energy by 14.2% during the fourth quarter. Merit Financial Group LLC now owns 6,505 shares of the utilities provider’s stock worth $268,000 after buying an additional 810 shares during the period. Finally, Harbor Capital Advisors Inc. boosted its position in shares of OGE Energy by 83.4% during the fourth quarter. Harbor Capital Advisors Inc. now owns 95,691 shares of the utilities provider’s stock worth $3,947,000 after buying an additional 43,529 shares during the period. 71.84% of the stock is currently owned by institutional investors.

OGE Energy Trading Up 0.4 %

Shares of OGE stock opened at $46.15 on Wednesday. The stock has a market capitalization of $9.29 billion, a P/E ratio of 20.98, a P/E/G ratio of 3.30 and a beta of 0.70. OGE Energy Corp. has a fifty-two week low of $32.37 and a fifty-two week high of $46.54. The stock has a 50-day simple moving average of $44.13 and a 200 day simple moving average of $42.42. The company has a quick ratio of 0.51, a current ratio of 0.73 and a debt-to-equity ratio of 1.08.

OGE Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, April 7th will be given a $0.4213 dividend. The ex-dividend date of this dividend is Monday, April 7th. This represents a $1.69 annualized dividend and a dividend yield of 3.65%. OGE Energy’s dividend payout ratio (DPR) is presently 76.36%.

Analyst Ratings Changes

Several research firms recently commented on OGE. Barclays raised their target price on OGE Energy from $42.00 to $44.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 25th. Evercore ISI raised shares of OGE Energy from an “in-line” rating to an “outperform” rating and upped their price objective for the stock from $40.00 to $47.00 in a report on Tuesday, January 21st. Finally, LADENBURG THALM/SH SH raised shares of OGE Energy to a “hold” rating in a research note on Monday, March 17th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, OGE Energy currently has a consensus rating of “Hold” and an average target price of $45.67.

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.