Victory Capital Management Inc. Sells 33,154 Shares of OGE Energy Corp. (NYSE:OGE)

Victory Capital Management Inc. lessened its position in shares of OGE Energy Corp. (NYSE:OGEFree Report) by 42.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 44,242 shares of the utilities provider’s stock after selling 33,154 shares during the quarter. Victory Capital Management Inc.’s holdings in OGE Energy were worth $1,475,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in OGE. California Public Employees Retirement System lifted its holdings in OGE Energy by 30.4% in the third quarter. California Public Employees Retirement System now owns 1,046,440 shares of the utilities provider’s stock valued at $34,878,000 after buying an additional 244,140 shares during the period. Duality Advisers LP acquired a new position in shares of OGE Energy in the 3rd quarter valued at $2,083,000. Coldstream Capital Management Inc. increased its holdings in OGE Energy by 7.4% in the third quarter. Coldstream Capital Management Inc. now owns 7,939 shares of the utilities provider’s stock valued at $265,000 after purchasing an additional 544 shares during the last quarter. Autumn Glory Partners LLC lifted its stake in OGE Energy by 82.7% in the third quarter. Autumn Glory Partners LLC now owns 60,679 shares of the utilities provider’s stock valued at $2,022,000 after buying an additional 27,461 shares during the period. Finally, Alaska Permanent Fund Corp boosted its holdings in OGE Energy by 0.6% during the third quarter. Alaska Permanent Fund Corp now owns 121,372 shares of the utilities provider’s stock worth $4,045,000 after buying an additional 693 shares during the last quarter. 66.99% of the stock is currently owned by institutional investors and hedge funds.

OGE Energy Trading Up 0.6 %

OGE opened at $32.66 on Friday. The stock has a market capitalization of $6.54 billion, a P/E ratio of 15.70, a P/E/G ratio of 3.82 and a beta of 0.74. The company has a current ratio of 0.82, a quick ratio of 0.56 and a debt-to-equity ratio of 0.96. OGE Energy Corp. has a 12 month low of $31.25 and a 12 month high of $39.09. The firm’s fifty day simple moving average is $34.40 and its 200 day simple moving average is $34.40.

OGE Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 26th. Stockholders of record on Monday, January 8th were issued a $0.4182 dividend. The ex-dividend date was Friday, January 5th. This represents a $1.67 dividend on an annualized basis and a dividend yield of 5.12%. OGE Energy’s dividend payout ratio (DPR) is 80.29%.

Analyst Upgrades and Downgrades

OGE has been the topic of a number of analyst reports. Mizuho increased their price target on shares of OGE Energy from $34.00 to $35.00 and gave the company a “neutral” rating in a research report on Tuesday, November 28th. StockNews.com lowered shares of OGE Energy from a “hold” rating to a “sell” rating in a report on Friday, January 26th. Barclays reduced their price target on shares of OGE Energy from $38.00 to $35.00 and set an “overweight” rating on the stock in a research report on Monday, January 22nd. Finally, LADENBURG THALM/SH SH cut shares of OGE Energy from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $36.00 to $34.00 in a research report on Tuesday, January 16th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $34.50.

View Our Latest Stock Report on OGE Energy

About OGE Energy

(Free Report)

OGE Energy Corp., together with its subsidiaries, operates as an energy and energy services provider that offers physical delivery and related services in the United States. It operates through Electric Company Operations and Natural Gas Midstream segments. The company generates, transmits, distributes, and sells electric energy.

See Also

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

Receive News & Ratings for OGE Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for OGE Energy and related companies with MarketBeat.com's FREE daily email newsletter.