OGE Energy Corp. (NYSE:OGE) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank raised its position in OGE Energy Corp. (NYSE:OGE) by 10.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,431 shares of the utilities provider’s stock after acquiring an additional 4,567 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in OGE Energy were worth $2,039,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Mather Group LLC. grew its position in OGE Energy by 20.9% in the fourth quarter. Mather Group LLC. now owns 1,616 shares of the utilities provider’s stock valued at $67,000 after acquiring an additional 279 shares in the last quarter. CIBC Asset Management Inc grew its position in shares of OGE Energy by 5.1% during the fourth quarter. CIBC Asset Management Inc now owns 6,038 shares of the utilities provider’s stock worth $249,000 after buying an additional 295 shares in the last quarter. Gries Financial LLC grew its position in shares of OGE Energy by 1.7% during the fourth quarter. Gries Financial LLC now owns 30,877 shares of the utilities provider’s stock worth $1,274,000 after buying an additional 514 shares in the last quarter. UMB Bank n.a. grew its position in shares of OGE Energy by 6.7% during the fourth quarter. UMB Bank n.a. now owns 8,209 shares of the utilities provider’s stock worth $339,000 after buying an additional 515 shares in the last quarter. Finally, Arizona State Retirement System grew its position in shares of OGE Energy by 1.0% during the fourth quarter. Arizona State Retirement System now owns 58,296 shares of the utilities provider’s stock worth $2,405,000 after buying an additional 549 shares in the last quarter. Institutional investors and hedge funds own 71.84% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on OGE shares. Barclays raised their price target on shares of OGE Energy from $42.00 to $44.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 25th. Evercore ISI raised shares of OGE Energy from an “in-line” rating to an “outperform” rating and raised their price target 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 assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, OGE Energy currently has an average rating of “Hold” and an average price target of $45.67.

OGE Energy Stock Performance

Shares of OGE opened at $45.13 on Monday. The business’s fifty day moving average price is $43.19 and its 200 day moving average price is $41.98. OGE Energy Corp. has a 12-month low of $32.37 and a 12-month high of $46.54. The stock has a market capitalization of $9.09 billion, a PE ratio of 20.51, 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 current ratio of 0.73 and a quick ratio of 0.51.

OGE Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, April 7th will be paid a dividend of $0.4213 per share. This represents a $1.69 annualized dividend and a yield of 3.73%. The ex-dividend date is Monday, April 7th. OGE Energy’s dividend payout ratio (DPR) is presently 76.36%.

OGE Energy 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.