OGE Energy (NYSE:OGE) Upgraded to “Hold” at LADENBURG THALM/SH SH

LADENBURG THALM/SH SH upgraded shares of OGE Energy (NYSE:OGE) to a hold rating in a research note released on Monday morning,Zacks.com reports.

Other analysts have also issued reports about the company. Evercore ISI upgraded OGE Energy from an “in-line” rating to an “outperform” rating and boosted their price target for the company from $40.00 to $47.00 in a report on Tuesday, January 21st. Barclays upped their target price on OGE Energy from $42.00 to $44.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 25th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, OGE Energy presently has an average rating of “Hold” and a consensus price target of $45.67.

OGE Energy Stock Performance

Shares of OGE Energy stock opened at $44.78 on Monday. The firm has a market cap of $9.01 billion, a price-to-earnings ratio of 20.35, a price-to-earnings-growth ratio of 3.30 and a beta of 0.70. The stock’s 50-day moving average is $43.37 and its 200-day moving average is $42.05. OGE Energy has a one year low of $32.37 and a one year high of $46.54. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.73 and a quick ratio of 0.51.

OGE Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, April 7th will be issued a dividend of $0.4213 per share. The ex-dividend date is Monday, April 7th. This represents a $1.69 annualized dividend and a yield of 3.76%. OGE Energy’s payout ratio is presently 76.36%.

Institutional Trading of OGE Energy

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Quadrant Capital Group LLC raised its holdings in OGE Energy by 5.2% during the fourth quarter. Quadrant Capital Group LLC now owns 4,825 shares of the utilities provider’s stock worth $199,000 after acquiring an additional 239 shares in the last quarter. Mather Group LLC. raised its stake in OGE Energy by 20.9% in the fourth quarter. Mather Group LLC. now owns 1,616 shares of the utilities provider’s stock valued at $67,000 after buying an additional 279 shares during the period. CIBC Asset Management Inc raised its stake in OGE Energy by 5.1% in the fourth quarter. CIBC Asset Management Inc now owns 6,038 shares of the utilities provider’s stock valued at $249,000 after buying an additional 295 shares during the period. Mercer Global Advisors Inc. ADV raised its stake in OGE Energy by 1.3% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 28,157 shares of the utilities provider’s stock valued at $1,161,000 after buying an additional 354 shares during the period. Finally, Bessemer Group Inc. raised its stake in OGE Energy by 102.0% in the fourth quarter. Bessemer Group Inc. now owns 715 shares of the utilities provider’s stock valued at $30,000 after buying an additional 361 shares during the period. Institutional investors own 71.84% of the company’s stock.

OGE Energy Company 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.