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

Artisan Partners Limited Partnership increased its holdings in OGE Energy Corp. (NYSE:OGE) by 0.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,677,163 shares of the utilities provider’s stock after purchasing an additional 863 shares during the period. Artisan Partners Limited Partnership owned 0.83% of OGE Energy worth $69,183,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Raymond James Financial Inc. bought a new position in shares of OGE Energy during the fourth quarter worth $11,862,000. Verition Fund Management LLC lifted its stake in OGE Energy by 25.2% in the 3rd quarter. Verition Fund Management LLC now owns 1,318,556 shares of the utilities provider’s stock worth $54,087,000 after purchasing an additional 265,115 shares in the last quarter. Boston Partners boosted its holdings in shares of OGE Energy by 6.6% during the 4th quarter. Boston Partners now owns 4,182,795 shares of the utilities provider’s stock valued at $172,554,000 after purchasing an additional 258,989 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in shares of OGE Energy by 59.4% during the 4th quarter. Victory Capital Management Inc. now owns 549,491 shares of the utilities provider’s stock valued at $22,667,000 after purchasing an additional 204,837 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of 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 during the last quarter. 71.84% of the stock is owned by hedge funds and other institutional investors.

OGE Energy Price Performance

Shares of OGE Energy stock opened at $45.04 on Friday. The stock has a market cap of $9.07 billion, a price-to-earnings ratio of 20.47, a price-to-earnings-growth ratio of 3.30 and a beta of 0.70. 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 50 day moving average price of $43.95 and a 200-day moving average price of $42.27. OGE Energy Corp. has a one year low of $32.37 and a one year high of $46.54.

OGE Energy Announces Dividend

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 dividend of $0.4213 per share. This represents a $1.69 dividend on an annualized basis and a yield of 3.74%. The ex-dividend date is Monday, April 7th. OGE Energy’s dividend payout ratio (DPR) is 76.36%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on OGE. Barclays increased their price target on OGE Energy from $42.00 to $44.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 25th. LADENBURG THALM/SH SH upgraded OGE Energy to a “hold” rating in a research report on Monday, March 17th. Finally, Evercore ISI upgraded shares of OGE Energy from an “in-line” rating to an “outperform” rating and boosted their price target for the stock from $40.00 to $47.00 in a research report on Tuesday, January 21st. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, OGE Energy currently has an average 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.