CI Investments Inc. Raises Holdings in OGE Energy Corp. (NYSE:OGE)

CI Investments Inc. increased its position in OGE Energy Corp. (NYSE:OGE) by 11.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,328,780 shares of the utilities provider’s stock after buying an additional 132,562 shares during the quarter. CI Investments Inc. owned about 0.66% of OGE Energy worth $42,335,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Nissay Asset Management Corp Japan ADV grew its stake in shares of OGE Energy by 3.3% during the third quarter. Nissay Asset Management Corp Japan ADV now owns 22,136 shares of the utilities provider’s stock valued at $664,000 after acquiring an additional 702 shares in the last quarter. Norris Perne & French LLP MI acquired a new stake in shares of OGE Energy during the third quarter valued at about $210,000. Meritage Portfolio Management acquired a new stake in shares of OGE Energy during the third quarter valued at about $2,719,000. Alberta Investment Management Corp acquired a new stake in shares of OGE Energy during the third quarter valued at about $1,868,000. Finally, Xponance Inc. grew its stake in shares of OGE Energy by 16.5% during the third quarter. Xponance Inc. now owns 21,076 shares of the utilities provider’s stock valued at $632,000 after acquiring an additional 2,987 shares in the last quarter. 61.56% of the stock is currently owned by institutional investors.

Shares of NYSE OGE opened at $31.10 on Tuesday. The company has a quick ratio of 0.67, a current ratio of 0.94 and a debt-to-equity ratio of 0.95. The firm’s 50-day moving average price is $31.44 and its two-hundred day moving average price is $31.76. OGE Energy Corp. has a 52-week low of $23.00 and a 52-week high of $45.09. The stock has a market capitalization of $6.22 billion, a P/E ratio of -32.40, a P/E/G ratio of 4.00 and a beta of 0.67.

The firm also recently announced a quarterly dividend, which was paid on Friday, January 29th. Shareholders of record on Monday, January 11th were issued a $0.4025 dividend. The ex-dividend date was Friday, January 8th. This represents a $1.61 dividend on an annualized basis and a yield of 5.18%. OGE Energy’s dividend payout ratio is currently 74.54%.

OGE has been the subject of a number of research reports. Barclays downgraded OGE Energy from an “equal weight” rating to an “underweight” rating and decreased their price target for the stock from $36.00 to $35.00 in a research note on Wednesday, January 13th. Mizuho downgraded OGE Energy from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $35.00 to $34.00 in a research note on Monday, November 16th. They noted that the move was a valuation call. Finally, Zacks Investment Research upgraded OGE Energy from a “strong sell” rating to a “hold” rating and set a $33.00 price target for the company in a research note on Wednesday, January 20th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $34.89.

OGE Energy Profile

OGE Energy Corp., together with its subsidiaries, operates as an energy and energy services provider that offers physical delivery and related services for electricity and natural gas primarily in the south central United States. It operates in two segments, Electric Utility and Natural Gas Midstream Operations.

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Institutional Ownership by Quarter for OGE Energy (NYSE:OGE)

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