Cbre Investment Management Listed Real Assets LLC Lowers Stock Position in OGE Energy Corp. (NYSE:OGE)

Cbre Investment Management Listed Real Assets LLC cut its stake in shares of OGE Energy Corp. (NYSE:OGE) by 5.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 642,602 shares of the utilities provider’s stock after selling 38,006 shares during the quarter. Cbre Investment Management Listed Real Assets LLC owned 0.32% of OGE Energy worth $26,507,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Mather Group LLC. lifted its holdings in shares of OGE Energy by 20.9% during the fourth quarter. Mather Group LLC. now owns 1,616 shares of the utilities provider’s stock worth $67,000 after purchasing an additional 279 shares during the period. CIBC Asset Management Inc lifted its holdings 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 purchasing an additional 295 shares during the period. Centennial Wealth Advisory LLC lifted its holdings in shares of OGE Energy by 3.8% during the third quarter. Centennial Wealth Advisory LLC now owns 8,120 shares of the utilities provider’s stock worth $333,000 after purchasing an additional 300 shares during the period. US Bancorp DE lifted its holdings in shares of OGE Energy by 1.8% during the third quarter. US Bancorp DE now owns 24,335 shares of the utilities provider’s stock worth $998,000 after purchasing an additional 419 shares during the period. Finally, Gries Financial LLC lifted its holdings 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 purchasing an additional 514 shares during the period. 71.84% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently weighed in on OGE shares. Evercore ISI raised OGE Energy from an “in-line” rating to an “outperform” rating and increased their price target for the stock from $40.00 to $47.00 in a report on Tuesday, January 21st. Barclays raised their target price on OGE Energy from $42.00 to $44.00 and gave the company an “equal weight” rating in a report on Tuesday, February 25th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, OGE Energy has a consensus rating of “Hold” and a consensus target price of $45.67.

OGE Energy Trading Down 2.6 %

NYSE:OGE opened at $45.11 on Wednesday. The company has a market capitalization of $9.07 billion, a PE ratio of 20.50, a price-to-earnings-growth ratio of 3.30 and a beta of 0.78. The company has a quick ratio of 0.51, a current ratio of 0.73 and a debt-to-equity ratio of 1.08. OGE Energy Corp. has a 52-week low of $32.37 and a 52-week high of $46.54. The stock has a fifty day simple moving average of $42.64 and a 200-day simple moving average of $41.66.

OGE Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders 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 dividend yield of 3.74%. The ex-dividend date is Monday, April 7th. OGE Energy’s dividend payout ratio (DPR) is presently 76.36%.

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.