Barclays PLC Has $6.34 Million Position in OGE Energy Corp. (NYSE:OGE)

Barclays PLC boosted its stake in OGE Energy Corp. (NYSE:OGE) by 21.8% in the fourth quarter, HoldingsChannel reports. The firm owned 153,686 shares of the utilities provider’s stock after buying an additional 27,456 shares during the period. Barclays PLC’s holdings in OGE Energy were worth $6,340,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of OGE. Vanguard Group Inc. grew its stake in shares of OGE Energy by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 21,413,588 shares of the utilities provider’s stock valued at $883,311,000 after buying an additional 203,129 shares during the period. Boston Partners grew its stake in 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 period. Geode Capital Management LLC increased its holdings in shares of 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 acquiring an additional 15,415 shares in the last quarter. Duff & Phelps Investment Management Co. raised its position in shares of OGE Energy by 11.7% during the fourth quarter. Duff & Phelps Investment Management Co. now owns 2,089,289 shares of the utilities provider’s stock worth $86,183,000 after purchasing an additional 218,509 shares during the period. Finally, Norges Bank bought a new position in shares of OGE Energy in the 4th quarter worth $68,876,000. 71.84% of the stock is owned by institutional investors.

OGE Energy Stock Performance

OGE stock opened at $45.21 on Friday. 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 firm has a market cap of $9.10 billion, a PE ratio of 20.55, a P/E/G ratio of 3.30 and a beta of 0.57. The business has a 50 day moving average of $44.68 and a 200-day moving average of $42.85. OGE Energy Corp. has a 12-month low of $33.79 and a 12-month high of $46.91.

OGE Energy Dividend Announcement

The business 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 dividend of $0.4213 per share. The ex-dividend date of this dividend is Monday, April 7th. This represents a $1.69 annualized dividend and a yield of 3.73%. OGE Energy’s payout ratio is currently 76.36%.

Wall Street Analyst Weigh In

OGE has been the topic of several research reports. Evercore ISI upgraded 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. Argus raised shares of OGE Energy from a “hold” rating to a “buy” rating and set a $47.00 price target on the stock in a research report on Friday, April 11th. LADENBURG THALM/SH SH raised OGE Energy to a “hold” rating in a research note on Tuesday. Finally, Barclays upped their price target on OGE Energy from $44.00 to $45.00 and gave the stock an “equal weight” rating in a report on Tuesday. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, OGE Energy has an average rating of “Moderate Buy” and a consensus price target of $46.25.

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.