World Investment Advisors Has $202,000 Stock Position in OGE Energy Corp. (NYSE:OGE)

World Investment Advisors cut its holdings in OGE Energy Corp. (NYSE:OGE) by 71.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,896 shares of the utilities provider’s stock after selling 12,441 shares during the quarter. World Investment Advisors’ holdings in OGE Energy were worth $202,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Headlands Technologies LLC acquired a new position in OGE Energy in the fourth quarter valued at approximately $27,000. Geode Capital Management LLC lifted its stake in OGE Energy by 0.5% in 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 buying an additional 15,415 shares during the period. Diametric Capital LP acquired a new position in OGE Energy in the fourth quarter valued at approximately $231,000. O Shaughnessy Asset Management LLC lifted its stake in OGE Energy by 37.3% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 19,088 shares of the utilities provider’s stock valued at $787,000 after buying an additional 5,182 shares during the period. Finally, California Public Employees Retirement System raised its position in shares of OGE Energy by 1.6% during the fourth quarter. California Public Employees Retirement System now owns 958,378 shares of the utilities provider’s stock worth $39,533,000 after purchasing an additional 15,124 shares during the period. 71.84% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

OGE has been the topic of a number of research reports. LADENBURG THALM/SH SH raised OGE Energy to a “hold” rating in a research report on Monday, March 17th. Barclays upped 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. Finally, Evercore ISI raised OGE Energy from an “in-line” rating to an “outperform” rating and upped their target price for the stock from $40.00 to $47.00 in a research report on Tuesday, January 21st. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, OGE Energy presently has a consensus rating of “Hold” and an average price target of $45.67.

OGE Energy Trading Up 3.0 %

NYSE OGE opened at $43.50 on Thursday. The firm has a market capitalization of $8.76 billion, a P/E ratio of 19.77, a PEG ratio of 3.30 and a beta of 0.57. The business has a fifty day simple moving average of $44.31 and a 200 day simple moving average of $42.56. OGE Energy Corp. has a 12 month low of $32.37 and a 12 month high of $46.91. The company has a current ratio of 0.73, a quick ratio of 0.51 and a debt-to-equity ratio of 1.08.

OGE Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, April 7th will be given a dividend of $0.4213 per share. This represents a $1.69 annualized dividend and a dividend yield of 3.87%. The ex-dividend date of this dividend is Monday, April 7th. OGE Energy’s dividend payout ratio is presently 76.36%.

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.