Epoch Investment Partners Inc. Purchases New Position in OGE Energy Corp. (NYSE:OGE)

Epoch Investment Partners Inc. purchased a new stake in shares of OGE Energy Corp. (NYSE:OGE) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund purchased 322,630 shares of the utilities provider’s stock, valued at approximately $13,308,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in OGE. Morse Asset Management Inc bought a new stake in OGE Energy during the third quarter worth $410,000. Barclays PLC grew its stake in shares of OGE Energy by 45.1% in the 3rd quarter. Barclays PLC now owns 126,230 shares of the utilities provider’s stock worth $5,176,000 after acquiring an additional 39,263 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of OGE Energy in the third quarter valued at about $453,000. World Investment Advisors LLC bought a new position in shares of OGE Energy during the third quarter valued at about $711,000. Finally, Arvest Bank Trust Division purchased a new position in OGE Energy during the third quarter worth about $204,000. 71.84% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. LADENBURG THALM/SH SH raised shares of OGE Energy to a “hold” rating in a research report on Monday, March 17th. Barclays upped their price objective on OGE Energy from $42.00 to $44.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 25th. Argus upgraded OGE Energy from a “hold” rating to a “buy” rating and set a $47.00 target price on the stock in a research note on Friday, April 11th. Finally, Evercore ISI raised shares of OGE Energy from an “in-line” rating to an “outperform” rating and boosted their price target for the stock from $40.00 to $47.00 in a report on Tuesday, January 21st. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $46.00.

OGE Energy Price Performance

Shares of NYSE:OGE opened at $45.01 on Friday. The firm has a market capitalization of $9.06 billion, a PE ratio of 20.46, a P/E/G ratio of 3.30 and a beta of 0.57. The company has a quick ratio of 0.51, a current ratio of 0.73 and a debt-to-equity ratio of 1.08. The company has a 50-day moving average price of $44.57 and a two-hundred day moving average price of $42.74. OGE Energy Corp. has a twelve month low of $33.42 and a twelve month high of $46.91.

OGE Energy Dividend Announcement

The firm 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 dividend on an annualized basis and a yield of 3.74%. OGE Energy’s dividend payout ratio is 76.36%.

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.