TD Waterhouse Canada Inc. Purchases 1,234 Shares of OGE Energy Corp. (NYSE:OGE)

TD Waterhouse Canada Inc. raised its holdings in shares of OGE Energy Corp. (NYSE:OGE) by 308.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,634 shares of the utilities provider’s stock after buying an additional 1,234 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in OGE Energy were worth $67,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of OGE. Tower Research Capital LLC TRC lifted its position in OGE Energy by 172.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 12,978 shares of the utilities provider’s stock valued at $535,000 after purchasing an additional 8,208 shares during the last quarter. Mirabella Financial Services LLP purchased a new stake in shares of OGE Energy during the 4th quarter valued at $1,364,000. MetLife Investment Management LLC lifted its holdings in shares of OGE Energy by 9.1% during the 4th quarter. MetLife Investment Management LLC now owns 113,257 shares of the utilities provider’s stock worth $4,672,000 after acquiring an additional 9,457 shares during the last quarter. Dimensional Fund Advisors LP grew its position in OGE Energy by 5.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,300,907 shares of the utilities provider’s stock worth $94,913,000 after acquiring an additional 121,446 shares in the last quarter. Finally, First Trust Advisors LP increased its stake in OGE Energy by 1.8% in the fourth quarter. First Trust Advisors LP now owns 667,654 shares of the utilities provider’s stock valued at $27,541,000 after acquiring an additional 11,652 shares during the last quarter. Hedge funds and other institutional investors own 71.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Barclays upped their target price on OGE Energy from $44.00 to $45.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 22nd. LADENBURG THALM/SH SH upgraded shares of OGE Energy to a “hold” rating in a report on Tuesday, April 22nd. Argus raised OGE Energy from a “hold” rating to a “buy” rating and set a $47.00 target price on the stock in a research note on Friday, April 11th. Finally, Evercore ISI upgraded shares of OGE Energy from an “in-line” rating to an “outperform” rating and upped their price objective for the stock from $40.00 to $47.00 in a report on Tuesday, January 21st. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $46.25.

OGE Energy Trading Down 0.6 %

NYSE:OGE opened at $44.92 on Monday. OGE Energy Corp. has a one year low of $33.98 and a one year high of $46.91. The company’s 50-day simple moving average is $44.70 and its 200 day simple moving average is $42.93. The firm has a market capitalization of $9.04 billion, a P/E ratio of 20.42, a PEG ratio of 3.30 and a beta of 0.57. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.73 and a quick ratio of 0.51.

OGE Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Monday, April 7th were issued a $0.4213 dividend. This represents a $1.69 annualized dividend and a yield of 3.75%. The ex-dividend date of this dividend was Monday, April 7th. OGE Energy’s dividend payout ratio (DPR) is 76.36%.

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.