Elo Mutual Pension Insurance Co Makes New $458,000 Investment in OGE Energy Corp. (NYSE:OGE)

Elo Mutual Pension Insurance Co acquired a new stake in OGE Energy Corp. (NYSE:OGE) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 11,104 shares of the utilities provider’s stock, valued at approximately $458,000.

A number of other institutional investors and hedge funds have also made changes to their positions in OGE. Charles Schwab Investment Management Inc. increased its holdings in OGE Energy by 0.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,339,833 shares of the utilities provider’s stock worth $54,960,000 after acquiring an additional 4,761 shares in the last quarter. Cerity Partners LLC raised its holdings in shares of OGE Energy by 41.1% during the third quarter. Cerity Partners LLC now owns 11,496 shares of the utilities provider’s stock valued at $472,000 after acquiring an additional 3,350 shares during the last quarter. FMR LLC lifted its position in shares of OGE Energy by 16.3% in the third quarter. FMR LLC now owns 558,967 shares of the utilities provider’s stock valued at $22,929,000 after acquiring an additional 78,164 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in shares of OGE Energy by 316.6% in the third quarter. BNP Paribas Financial Markets now owns 34,752 shares of the utilities provider’s stock worth $1,426,000 after acquiring an additional 26,411 shares during the last quarter. Finally, Townsquare Capital LLC increased its position in shares of OGE Energy by 15.0% during the third quarter. Townsquare Capital LLC now owns 12,235 shares of the utilities provider’s stock worth $502,000 after purchasing an additional 1,593 shares in the last quarter. 71.84% of the stock is currently owned by hedge funds and other institutional investors.

OGE Energy Stock Up 0.9 %

Shares of OGE opened at $45.49 on Monday. 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. The stock has a fifty day simple moving average of $44.01 and a two-hundred day simple moving average of $42.34. The company has a market capitalization of $9.16 billion, a PE ratio of 20.68, a price-to-earnings-growth ratio of 3.30 and a beta of 0.70.

OGE Energy Dividend Announcement

The company also recently disclosed 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. This represents a $1.69 annualized dividend and a yield of 3.70%. The ex-dividend date is Monday, April 7th. OGE Energy’s payout ratio is currently 76.36%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Evercore ISI upgraded OGE Energy from an “in-line” rating to an “outperform” rating and raised their price objective for the company from $40.00 to $47.00 in a report on Tuesday, January 21st. Barclays boosted their price target on shares of OGE Energy from $42.00 to $44.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 25th. Finally, LADENBURG THALM/SH SH raised shares of OGE Energy to a “hold” rating in a research note on Monday, March 17th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $45.67.

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.