OGE Energy (NYSE:OGE) Sees Large Volume Increase – Time to Buy?

OGE Energy Corp. (NYSE:OGE) saw unusually-strong trading volume on Monday . Approximately 2,062,954 shares traded hands during mid-day trading, an increase of 83% from the previous session’s volume of 1,126,007 shares.The stock last traded at $44.77 and had previously closed at $45.06.

Analyst Ratings Changes

Several equities research analysts have commented on OGE shares. LADENBURG THALM/SH SH upgraded shares of OGE Energy to a “hold” rating in a research note on Monday. Barclays increased their target price on shares of OGE Energy from $42.00 to $44.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 25th. Finally, Evercore ISI raised shares of OGE Energy from an “in-line” rating to an “outperform” rating and increased their target price for the company from $40.00 to $47.00 in a research report on Tuesday, January 21st. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $45.67.

OGE Energy Stock Down 0.2 %

The stock’s 50-day moving average price is $43.37 and its two-hundred day moving average price is $42.05. The stock has a market capitalization of $9.01 billion, a P/E ratio of 20.35, a P/E/G ratio of 3.30 and a beta of 0.70. The company has a current ratio of 0.73, a quick ratio of 0.51 and a debt-to-equity ratio of 1.08.

OGE Energy Announces Dividend

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

Institutional Inflows and Outflows

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

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.