Rodgers Brothers Inc. Reduces Stock Position in OGE Energy Corp. (NYSE:OGE)

Rodgers Brothers Inc. trimmed its holdings in OGE Energy Corp. (NYSE:OGE) by 1.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 65,500 shares of the utilities provider’s stock after selling 1,150 shares during the period. Rodgers Brothers Inc.’s holdings in OGE Energy were worth $2,702,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of OGE. Charles Schwab Investment Management Inc. grew its position in shares of OGE Energy by 0.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,339,833 shares of the utilities provider’s stock valued at $54,960,000 after purchasing an additional 4,761 shares in the last quarter. Cerity Partners LLC increased its position 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 buying an additional 3,350 shares during the period. FMR LLC lifted its holdings 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 worth $22,929,000 after buying an additional 78,164 shares in the last quarter. BNP Paribas Financial Markets boosted its position 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 valued at $1,426,000 after acquiring an additional 26,411 shares during the period. Finally, Townsquare Capital LLC boosted its holdings in OGE Energy by 15.0% in the 3rd quarter. Townsquare Capital LLC now owns 12,235 shares of the utilities provider’s stock valued at $502,000 after purchasing an additional 1,593 shares during the period. Institutional investors own 71.84% of the company’s stock.

OGE Energy Trading Up 0.9 %

NYSE OGE opened at $45.49 on Monday. The stock has a market cap of $9.16 billion, a P/E ratio of 20.68, a price-to-earnings-growth ratio of 3.30 and a beta of 0.70. OGE Energy Corp. has a fifty-two week low of $32.37 and a fifty-two week high of $46.54. The stock has a 50 day simple moving average of $44.01 and a two-hundred day simple moving average of $42.34. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.51 and a current ratio of 0.73.

OGE Energy Announces Dividend

The business 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 dividend on an annualized basis and a dividend yield of 3.70%. The ex-dividend date is Monday, April 7th. OGE Energy’s payout ratio is 76.36%.

Analyst Upgrades and Downgrades

OGE has been the topic of several research analyst reports. Barclays upped their price target on shares of OGE Energy from $42.00 to $44.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 25th. LADENBURG THALM/SH SH raised shares of OGE Energy to a “hold” rating in a research note on Monday, March 17th. Finally, Evercore ISI upgraded shares of 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 research report on Tuesday, January 21st. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $45.67.

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.