Headlands Technologies LLC Invests $27,000 in OGE Energy Corp. (NYSE:OGE)

Headlands Technologies LLC bought a new stake in OGE Energy Corp. (NYSE:OGE) in the fourth quarter, HoldingsChannel.com reports. The fund bought 658 shares of the utilities provider’s stock, valued at approximately $27,000.

Other large investors also recently bought and sold shares of the company. Geode Capital Management LLC lifted its position in OGE Energy by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 3,364,886 shares of the utilities provider’s stock valued at $138,845,000 after purchasing an additional 15,415 shares during the last quarter. Diametric Capital LP purchased a new stake in shares of OGE Energy during the 4th quarter valued at about $231,000. O Shaughnessy Asset Management LLC lifted its holdings in shares of OGE Energy by 37.3% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 19,088 shares of the utilities provider’s stock valued at $787,000 after acquiring an additional 5,182 shares during the last quarter. California Public Employees Retirement System grew its position in OGE Energy by 1.6% in the fourth quarter. California Public Employees Retirement System now owns 958,378 shares of the utilities provider’s stock worth $39,533,000 after acquiring an additional 15,124 shares in the last quarter. Finally, Hartree Partners LP purchased a new stake in OGE Energy during the fourth quarter valued at approximately $483,000. Institutional investors own 71.84% of the company’s stock.

OGE Energy Price Performance

OGE Energy stock opened at $42.23 on Wednesday. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.73 and a quick ratio of 0.51. The stock has a market cap of $8.50 billion, a price-to-earnings ratio of 19.20, a price-to-earnings-growth ratio of 3.30 and a beta of 0.57. The firm has a 50-day moving average of $44.27 and a two-hundred day moving average of $42.54. OGE Energy Corp. has a 1 year low of $32.37 and a 1 year high of $46.91.

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. The ex-dividend date is Monday, April 7th. This represents a $1.69 annualized dividend and a yield of 3.99%. OGE Energy’s dividend payout ratio (DPR) is currently 76.36%.

Analyst Ratings Changes

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