Lynx Investment Advisory Boosts Stock Position in OGE Energy Corp. (NYSE:OGE)

Lynx Investment Advisory boosted its position in OGE Energy Corp. (NYSE:OGE) by 32.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 14,986 shares of the utilities provider’s stock after acquiring an additional 3,634 shares during the period. Lynx Investment Advisory’s holdings in OGE Energy were worth $618,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Stonebridge Financial Group LLC purchased a new position in OGE Energy in the 4th quarter worth approximately $35,000. Principal Securities Inc. grew its position in shares of OGE Energy by 204.7% in the 4th quarter. Principal Securities Inc. now owns 981 shares of the utilities provider’s stock worth $40,000 after buying an additional 659 shares during the last quarter. BankPlus Trust Department purchased a new position in OGE Energy during the 4th quarter valued at $44,000. Lee Danner & Bass Inc. purchased a new stake in OGE Energy in the fourth quarter worth about $45,000. Finally, Mather Group LLC. grew 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 worth $67,000 after purchasing an additional 279 shares during the period. 71.84% of the stock is owned by institutional investors.

OGE Energy Stock Performance

OGE opened at $44.95 on Monday. The firm’s 50-day moving average price is $43.65 and its 200-day moving average price is $42.16. The company has a market cap of $9.05 billion, a P/E ratio of 20.43, a price-to-earnings-growth ratio of 3.30 and a beta of 0.70. OGE Energy Corp. has a 52-week low of $32.37 and a 52-week high of $46.54. The company has a quick ratio of 0.51, a current ratio of 0.73 and a debt-to-equity ratio of 1.08.

OGE Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, April 7th will be paid a dividend of $0.4213 per share. This represents a $1.69 annualized dividend and a dividend yield of 3.75%. The ex-dividend date of this dividend is Monday, April 7th. OGE Energy’s payout ratio is currently 76.36%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on OGE. LADENBURG THALM/SH SH raised shares of OGE Energy to a “hold” rating in a research note on Monday, March 17th. Evercore ISI upgraded shares of OGE Energy from an “in-line” rating to an “outperform” rating and increased their price target for the stock from $40.00 to $47.00 in a research report on Tuesday, January 21st. Finally, Barclays boosted 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. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, OGE Energy currently has a consensus rating of “Hold” and a consensus target price of $45.67.

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.