OGE Energy Corporation $OGE Shares Bought by ProShare Advisors LLC

ProShare Advisors LLC grew its stake in OGE Energy Corporation (NYSE:OGE) by 6.1% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 779,470 shares of the utilities provider’s stock after buying an additional 44,503 shares during the quarter. ProShare Advisors LLC owned 0.39% of OGE Energy worth $36,066,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank acquired a new stake in OGE Energy in the second quarter valued at approximately $101,421,000. Boston Partners grew its holdings in OGE Energy by 15.7% during the 2nd quarter. Boston Partners now owns 6,248,222 shares of the utilities provider’s stock worth $277,388,000 after acquiring an additional 846,365 shares in the last quarter. First Trust Advisors LP increased its position in shares of OGE Energy by 51.2% in the 2nd quarter. First Trust Advisors LP now owns 2,359,899 shares of the utilities provider’s stock valued at $104,732,000 after purchasing an additional 799,264 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of OGE Energy by 54.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,043,657 shares of the utilities provider’s stock valued at $47,966,000 after purchasing an additional 367,960 shares in the last quarter. Finally, Allianz Asset Management GmbH raised its holdings in shares of OGE Energy by 39.7% in the 2nd quarter. Allianz Asset Management GmbH now owns 1,284,334 shares of the utilities provider’s stock valued at $56,999,000 after purchasing an additional 365,229 shares in the last quarter. 71.84% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

OGE has been the topic of several recent analyst reports. Jefferies Financial Group increased their target price on OGE Energy from $52.00 to $55.00 and gave the company a “buy” rating in a report on Wednesday, October 22nd. Barclays lowered their price objective on OGE Energy from $51.00 to $49.00 and set an “overweight” rating for the company in a research report on Thursday, January 22nd. BMO Capital Markets assumed 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. UBS Group decreased their target price on OGE Energy from $45.00 to $44.00 and set a “neutral” rating for the company in a research note on Wednesday, December 17th. Finally, Mizuho upped their price target on OGE Energy from $45.00 to $47.00 and gave the company a “neutral” rating in a report on Wednesday, October 29th. Four equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, OGE Energy currently has an average rating of “Hold” and an average price target of $47.13.

OGE Energy Stock Performance

NYSE OGE opened at $44.31 on Tuesday. The company has a fifty day moving average of $43.19 and a two-hundred day moving average of $44.42. The company has a market capitalization of $8.93 billion, a PE ratio of 17.79, a P/E/G ratio of 2.59 and a beta of 0.62. OGE Energy Corporation has a 1 year low of $40.80 and a 1 year high of $47.33. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.80 and a quick ratio of 0.52.

OGE Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 30th. Shareholders of record on Monday, January 5th were given a dividend of $0.425 per share. The ex-dividend date of this dividend was Monday, January 5th. This represents a $1.70 annualized dividend and a yield of 3.8%. OGE Energy’s payout ratio is 68.27%.

OGE Energy Profile

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.