Brokerages Set OGE Energy Corporation (NYSE:OGE) PT at $47.13

OGE Energy Corporation (NYSE:OGE) has been given an average recommendation of “Hold” by the ten brokerages that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $47.1250.

Several brokerages have recently commented on OGE. UBS Group decreased their price target on OGE Energy from $45.00 to $44.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 17th. BMO Capital Markets initiated coverage on OGE Energy in a research report on Tuesday, January 13th. They set a “market perform” rating and a $45.00 target price on the stock. Wall Street Zen raised OGE Energy from a “sell” rating to a “hold” rating in a report on Saturday, January 24th. Wells Fargo & Company downgraded OGE Energy from an “equal weight” rating to an “underweight” rating and cut their price target for the stock from $45.00 to $39.00 in a research note on Tuesday, January 20th. Finally, Jefferies Financial Group increased their price objective on shares of OGE Energy from $52.00 to $55.00 and gave the company a “buy” rating in a research note on Wednesday, October 22nd.

OGE Energy Stock Up 1.8%

OGE stock opened at $46.99 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.52 and a debt-to-equity ratio of 1.12. The company’s 50-day moving average price is $43.35 and its 200 day moving average price is $44.46. OGE Energy has a 52 week low of $40.80 and a 52 week high of $47.33. The company has a market cap of $9.47 billion, a P/E ratio of 18.87, a P/E/G ratio of 2.72 and a beta of 0.62.

OGE Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Monday, January 5th were given a $0.425 dividend. The ex-dividend date was Monday, January 5th. This represents a $1.70 annualized dividend and a dividend yield of 3.6%. OGE Energy’s dividend payout ratio is currently 68.27%.

Institutional Investors Weigh In On OGE Energy

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in OGE Energy by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 21,500,675 shares of the utilities provider’s stock worth $918,079,000 after buying an additional 304,080 shares during the period. State Street Corp grew its stake in OGE Energy by 1.8% in the fourth quarter. State Street Corp now owns 6,713,937 shares of the utilities provider’s stock valued at $286,685,000 after acquiring an additional 117,977 shares during the period. Boston Partners increased its holdings in shares of OGE Energy by 0.5% during the third quarter. Boston Partners now owns 6,279,360 shares of the utilities provider’s stock valued at $290,530,000 after acquiring an additional 31,138 shares in the last quarter. Clearbridge Investments LLC raised its position in shares of OGE Energy by 8.3% during the fourth quarter. Clearbridge Investments LLC now owns 6,240,594 shares of the utilities provider’s stock worth $266,473,000 after purchasing an additional 479,278 shares during the period. Finally, Morgan Stanley lifted its holdings in shares of OGE Energy by 103.2% in the 4th quarter. Morgan Stanley now owns 4,628,210 shares of the utilities provider’s stock worth $197,625,000 after purchasing an additional 2,350,574 shares in the last quarter. Hedge funds and other institutional investors own 71.84% of the company’s stock.

About OGE Energy

OGE Energy Corp. (NYSE:OGE) is an energy and infrastructure holding company headquartered in Oklahoma City, Oklahoma. Through its principal subsidiary, Oklahoma Gas & Electric Company, the company provides regulated electric service to residential, commercial and industrial customers across Oklahoma and western Arkansas. Its diversified generation mix includes coal, natural gas and wind-powered facilities, complemented by ongoing investments in grid modernization and smart technology to enhance reliability and customer satisfaction.

In addition to its core electric utility operations, OGE Energy Corp.