Thompson Siegel & Walmsley LLC Reduces Holdings in OGE Energy Corp. (NYSE:OGE)

Thompson Siegel & Walmsley LLC reduced its stake in OGE Energy Corp. (NYSE:OGE) by 28.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,950,922 shares of the utilities provider’s stock after selling 763,624 shares during the quarter. OGE Energy makes up approximately 1.3% of Thompson Siegel & Walmsley LLC’s investment portfolio, making the stock its 15th largest position. Thompson Siegel & Walmsley LLC’s holdings in OGE Energy were worth $80,476,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in OGE. Mather Group LLC. lifted its stake in shares of OGE Energy by 20.9% in the 4th quarter. Mather Group LLC. now owns 1,616 shares of the utilities provider’s stock valued at $67,000 after purchasing an additional 279 shares during the last quarter. CIBC Asset Management Inc lifted its stake in OGE Energy by 5.1% during the 4th quarter. CIBC Asset Management Inc now owns 6,038 shares of the utilities provider’s stock worth $249,000 after acquiring an additional 295 shares in the last quarter. Gries Financial LLC lifted its stake in OGE Energy by 1.7% during the 4th quarter. Gries Financial LLC now owns 30,877 shares of the utilities provider’s stock worth $1,274,000 after acquiring an additional 514 shares in the last quarter. UMB Bank n.a. lifted its stake in OGE Energy by 6.7% during the 4th quarter. UMB Bank n.a. now owns 8,209 shares of the utilities provider’s stock worth $339,000 after acquiring an additional 515 shares in the last quarter. Finally, Arizona State Retirement System lifted its stake in OGE Energy by 1.0% during the 4th quarter. Arizona State Retirement System now owns 58,296 shares of the utilities provider’s stock worth $2,405,000 after acquiring an additional 549 shares in the last quarter. 71.84% of the stock is currently owned by hedge funds and other institutional investors.

OGE Energy Trading Up 0.6 %

OGE opened at $44.36 on Thursday. The business’s 50-day simple moving average is $43.00 and its 200-day simple moving average is $41.87. The company has a market cap of $8.93 billion, a P/E ratio of 20.16, a PEG 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. OGE Energy Corp. has a one year low of $32.37 and a one year high of $46.54.

OGE Energy Dividend Announcement

The company also recently declared 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. The ex-dividend date is Monday, April 7th. This represents a $1.69 dividend on an annualized basis and a yield of 3.80%. OGE Energy’s dividend payout ratio is presently 76.36%.

Analysts Set New Price Targets

OGE has been the topic of several research reports. Barclays increased their target price on OGE Energy from $42.00 to $44.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 25th. Evercore ISI raised OGE Energy from an “in-line” rating to an “outperform” rating and increased their price target for the company 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, the stock 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.