OGE Energy Corp. (NYSE:OGE) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC decreased its position in OGE Energy Corp. (NYSE:OGE) by 2.2% during the fourth quarter, Holdings Channel reports. The firm owned 106,149 shares of the utilities provider’s stock after selling 2,411 shares during the quarter. Mutual of America Capital Management LLC’s holdings in OGE Energy were worth $4,379,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC raised its holdings in shares of OGE Energy by 10.3% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 14,978 shares of the utilities provider’s stock valued at $614,000 after buying an additional 1,404 shares during the period. US Bancorp DE increased its stake in OGE Energy by 1.8% during the third quarter. US Bancorp DE now owns 24,335 shares of the utilities provider’s stock worth $998,000 after purchasing an additional 419 shares during the period. Harbor Capital Advisors Inc. lifted its position in shares of OGE Energy by 200.8% during the third quarter. Harbor Capital Advisors Inc. now owns 52,162 shares of the utilities provider’s stock worth $2,140,000 after purchasing an additional 34,823 shares in the last quarter. Van ECK Associates Corp boosted its stake in shares of OGE Energy by 6.1% in the third quarter. Van ECK Associates Corp now owns 57,958 shares of the utilities provider’s stock valued at $2,378,000 after purchasing an additional 3,353 shares during the period. Finally, QRG Capital Management Inc. boosted its stake in shares of OGE Energy by 16.2% in the third quarter. QRG Capital Management Inc. now owns 19,077 shares of the utilities provider’s stock valued at $783,000 after purchasing an additional 2,663 shares during the period. 71.84% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Barclays upped their target price on shares of OGE Energy from $42.00 to $44.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 25th. Evercore ISI raised 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 research report on Tuesday, January 21st. Three 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 an average target price of $45.67.

OGE Energy Stock Down 2.6 %

OGE stock opened at $45.11 on Wednesday. The company’s 50 day moving average price is $42.64 and its 200 day moving average price is $41.66. The firm has a market capitalization of $9.07 billion, a price-to-earnings ratio of 20.50, a PEG ratio of 3.30 and a beta of 0.78. OGE Energy Corp. has a fifty-two week low of $32.37 and a fifty-two week high of $46.54. 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, April 7th will be given a $0.4213 dividend. 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 dividend payout ratio is presently 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.