Barclays PLC Trims Position in OGE Energy Corp. (NYSE:OGE)

Barclays PLC reduced its holdings in OGE Energy Corp. (NYSE:OGEFree Report) by 49.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 97,597 shares of the utilities provider’s stock after selling 94,321 shares during the period. Barclays PLC’s holdings in OGE Energy were worth $3,252,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in OGE. Jump Financial LLC purchased a new stake in OGE Energy during the third quarter worth $741,000. Arizona State Retirement System raised its position in OGE Energy by 1.4% during the third quarter. Arizona State Retirement System now owns 57,028 shares of the utilities provider’s stock worth $1,901,000 after acquiring an additional 771 shares during the period. Authentikos Wealth Advisory LLC acquired a new position in OGE Energy during the third quarter worth $43,000. Schechter Investment Advisors LLC acquired a new position in OGE Energy during the third quarter worth $213,000. Finally, Donoghue Forlines LLC acquired a new position in OGE Energy during the third quarter worth $733,000. 66.99% of the stock is owned by hedge funds and other institutional investors.

OGE Energy Trading Up 0.7 %

NYSE:OGE opened at $32.90 on Tuesday. The company has a quick ratio of 0.56, a current ratio of 0.82 and a debt-to-equity ratio of 0.96. OGE Energy Corp. has a 1-year low of $31.25 and a 1-year high of $39.09. The firm has a market capitalization of $6.59 billion, a price-to-earnings ratio of 15.82, a price-to-earnings-growth ratio of 3.84 and a beta of 0.74. The stock has a fifty day simple moving average of $34.35 and a 200 day simple moving average of $34.36.

OGE Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 26th. Stockholders of record on Monday, January 8th were paid a dividend of $0.4182 per share. This represents a $1.67 dividend on an annualized basis and a dividend yield of 5.08%. The ex-dividend date was Friday, January 5th. OGE Energy’s dividend payout ratio (DPR) is presently 80.29%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on OGE shares. StockNews.com cut shares of OGE Energy from a “hold” rating to a “sell” rating in a research report on Friday, January 26th. Barclays cut their target price on shares of OGE Energy from $38.00 to $35.00 and set an “overweight” rating on the stock in a report on Monday, January 22nd. LADENBURG THALM/SH SH lowered 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. Finally, Mizuho boosted their target price on shares of OGE Energy from $34.00 to $35.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 28th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $34.50.

Check Out Our Latest Research Report on OGE

OGE Energy Company Profile

(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.

Further Reading

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.