Twin Capital Management Inc. Increases Holdings in OGE Energy Corp. (NYSE:OGE)

Twin Capital Management Inc. raised its holdings in shares of OGE Energy Corp. (NYSE:OGE) by 4.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 61,794 shares of the utilities provider’s stock after acquiring an additional 2,501 shares during the quarter. Twin Capital Management Inc.’s holdings in OGE Energy were worth $2,549,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the business. Headlands Technologies LLC acquired a new position in OGE Energy in the fourth quarter valued at approximately $27,000. Stonebridge Financial Group LLC acquired a new position in shares of OGE Energy in the 4th quarter valued at $35,000. Principal Securities Inc. grew its position in shares of OGE Energy by 204.7% in the 4th quarter. Principal Securities Inc. now owns 981 shares of the utilities provider’s stock valued at $40,000 after buying an additional 659 shares during the last quarter. BankPlus Trust Department acquired a new stake in OGE Energy during the 4th quarter worth $44,000. Finally, Lee Danner & Bass Inc. purchased a new stake in OGE Energy in the fourth quarter valued at $45,000. Hedge funds and other institutional investors own 71.84% of the company’s stock.

OGE Energy Stock Performance

NYSE OGE opened at $43.69 on Monday. The firm has a market cap of $8.80 billion, a P/E ratio of 19.86, a P/E/G ratio of 3.30 and a beta of 0.57. OGE Energy Corp. has a 52-week low of $32.37 and a 52-week high of $46.91. The business’s 50-day moving average price is $44.27 and its 200 day moving average price is $42.52. The company has a quick ratio of 0.51, a current ratio of 0.73 and a debt-to-equity ratio of 1.08.

OGE Energy Dividend Announcement

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 issued a $0.4213 dividend. This represents a $1.69 dividend on an annualized basis and a dividend yield of 3.86%. The ex-dividend date of this dividend is Monday, April 7th. OGE Energy’s payout ratio is currently 76.36%.

Wall Street Analyst Weigh In

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

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.