Dean Capital Investments Management LLC Has $562,000 Stock Position in OGE Energy Corp. (NYSE:OGE)

Dean Capital Investments Management LLC lowered its position in shares of OGE Energy Corp. (NYSE:OGE) by 3.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,629 shares of the utilities provider’s stock after selling 423 shares during the quarter. Dean Capital Investments Management LLC’s holdings in OGE Energy were worth $562,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in OGE. SG Americas Securities LLC boosted its position in OGE Energy by 949.2% during the 3rd quarter. SG Americas Securities LLC now owns 549,034 shares of the utilities provider’s stock worth $24,915,000 after acquiring an additional 496,705 shares during the last quarter. Point72 Asset Management L.P. boosted its position in OGE Energy by 3,210.2% during the 3rd quarter. Point72 Asset Management L.P. now owns 422,452 shares of the utilities provider’s stock worth $19,171,000 after acquiring an additional 409,690 shares during the last quarter. State Street Corp boosted its position in OGE Energy by 5.7% during the 4th quarter. State Street Corp now owns 7,573,088 shares of the utilities provider’s stock worth $336,775,000 after acquiring an additional 407,275 shares during the last quarter. California Public Employees Retirement System boosted its position in OGE Energy by 63.5% during the 4th quarter. California Public Employees Retirement System now owns 811,102 shares of the utilities provider’s stock worth $36,070,000 after acquiring an additional 315,063 shares during the last quarter. Finally, Virginia Retirement Systems ET AL boosted its position in OGE Energy by 85.4% during the 4th quarter. Virginia Retirement Systems ET AL now owns 362,500 shares of the utilities provider’s stock worth $16,120,000 after acquiring an additional 167,000 shares during the last quarter. 66.06% of the stock is owned by hedge funds and other institutional investors.

Shares of OGE Energy stock opened at $46.04 on Wednesday. The business has a fifty day simple moving average of $45.33 and a two-hundred day simple moving average of $43.82. OGE Energy Corp. has a 1 year low of $40.42 and a 1 year high of $46.43. The company has a market capitalization of $9.23 billion, a price-to-earnings ratio of 20.37, a P/E/G ratio of 4.77 and a beta of 0.48. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.79 and a quick ratio of 0.59.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 30th. Shareholders of record on Friday, January 10th were given a dividend of $0.3875 per share. This represents a $1.55 annualized dividend and a yield of 3.37%. The ex-dividend date was Thursday, January 9th. OGE Energy’s payout ratio is 73.11%.

OGE has been the subject of a number of recent research reports. Evercore ISI reaffirmed a “hold” rating and set a $42.00 price target on shares of OGE Energy in a research report on Monday, December 2nd. UBS Group cut their price objective on OGE Energy from $45.00 to $43.00 and set a “neutral” rating for the company in a report on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $43.50.

OGE Energy Company Profile

OGE Energy Corp., together with its subsidiaries, operates as an energy and energy services provider that provides physical delivery and related services for electricity and natural gas primarily in the south central United States. It operates in two segments, Electric Utility and Natural Gas Midstream Operations.

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Institutional Ownership by Quarter for OGE Energy (NYSE:OGE)

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