Johnson Financial Group Inc. Has $77,000 Stock Position in OGE Energy Corp. (NYSE:OGE)

Johnson Financial Group Inc. cut its position in OGE Energy Corp. (NYSE:OGE) by 48.9% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,831 shares of the utilities provider’s stock after selling 1,755 shares during the quarter. Johnson Financial Group Inc.’s holdings in OGE Energy were worth $77,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of OGE Energy by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 21,413,588 shares of the utilities provider’s stock valued at $883,311,000 after acquiring an additional 203,129 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its stake in shares of OGE Energy by 15.8% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 6,174,558 shares of the utilities provider’s stock valued at $254,701,000 after acquiring an additional 844,679 shares during the last quarter. Boston Partners raised its stake in shares of OGE Energy by 6.6% in the fourth quarter. Boston Partners now owns 4,182,795 shares of the utilities provider’s stock valued at $172,554,000 after acquiring an additional 258,989 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of 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 acquiring an additional 15,415 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of OGE Energy by 5.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,300,907 shares of the utilities provider’s stock valued at $94,913,000 after acquiring an additional 121,446 shares during the last quarter. 71.84% of the stock is owned by institutional investors.

OGE Energy Stock Performance

OGE stock opened at $45.53 on Tuesday. 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 company has a 50 day moving average price of $44.72 and a 200 day moving average price of $42.96. OGE Energy Corp. has a fifty-two week low of $33.98 and a fifty-two week high of $46.91. The stock has a market capitalization of $9.17 billion, a PE ratio of 20.70, a price-to-earnings-growth ratio of 3.30 and a beta of 0.57.

OGE Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Monday, April 7th were given a $0.4213 dividend. This represents a $1.69 annualized dividend and a yield of 3.70%. The ex-dividend date was Monday, April 7th. OGE Energy’s dividend payout ratio (DPR) is presently 76.36%.

Wall Street Analysts Forecast Growth

OGE has been the subject of a number of research analyst reports. LADENBURG THALM/SH SH upgraded shares of OGE Energy to a “hold” rating in a research note on Tuesday, April 22nd. Evercore ISI upgraded shares of OGE Energy from an “in-line” rating to an “outperform” rating and lifted their target price for the company from $40.00 to $47.00 in a research note on Tuesday, January 21st. Argus upgraded shares of OGE Energy from a “hold” rating to a “buy” rating and set a $47.00 price objective for the company in a research report on Friday, April 11th. Finally, Barclays boosted their price objective on shares of OGE Energy from $44.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 22nd. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, OGE Energy presently has an average rating of “Moderate Buy” and a consensus price target of $46.25.

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.