Artisan Partners Limited Partnership Buys 863 Shares of OGE Energy Corp. (NYSE:OGE)

Artisan Partners Limited Partnership grew its stake in OGE Energy Corp. (NYSE:OGE) by 0.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,677,163 shares of the utilities provider’s stock after acquiring an additional 863 shares during the period. Artisan Partners Limited Partnership’s holdings in OGE Energy were worth $69,183,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of OGE. Vanguard Group Inc. grew its stake in OGE Energy by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 21,413,588 shares of the utilities provider’s stock worth $883,311,000 after purchasing an additional 203,129 shares in the last quarter. State Street Corp increased its stake in shares of OGE Energy by 2.8% during the third quarter. State Street Corp now owns 6,836,303 shares of the utilities provider’s stock valued at $280,425,000 after buying an additional 185,069 shares during the period. Boston Partners raised its holdings in shares of OGE Energy by 6.6% in the fourth quarter. Boston Partners now owns 4,182,795 shares of the utilities provider’s stock valued at $172,554,000 after acquiring an additional 258,989 shares in the last quarter. Geode Capital Management LLC lifted its stake in OGE Energy by 1.2% in the third quarter. Geode Capital Management LLC now owns 3,349,471 shares of the utilities provider’s stock worth $137,433,000 after acquiring an additional 40,733 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in OGE Energy by 0.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,350,343 shares of the utilities provider’s stock worth $55,702,000 after acquiring an additional 10,510 shares in the last quarter. 71.84% of the stock is owned by hedge funds and other institutional investors.

OGE Energy Stock Up 0.5 %

NYSE:OGE opened at $45.04 on Friday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.51 and a current ratio of 0.73. The stock has a market capitalization of $9.07 billion, a P/E ratio of 20.47, a P/E/G ratio of 3.30 and a beta of 0.70. The company’s 50-day simple moving average is $43.95 and its 200-day simple moving average is $42.27. OGE Energy Corp. has a fifty-two week low of $32.37 and a fifty-two week high of $46.54.

OGE Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, April 7th will be given a dividend of $0.4213 per share. This represents a $1.69 dividend on an annualized basis and a dividend yield of 3.74%. The ex-dividend date of this dividend is Monday, April 7th. OGE Energy’s payout ratio is presently 76.36%.

Analysts Set New Price Targets

OGE has been the subject of several recent research reports. Barclays boosted their price target on shares of OGE Energy from $42.00 to $44.00 and gave the company 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 raised 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 analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, OGE Energy currently 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.