OGE Energy Corporation (NYSE:OGE) Shares Bought by Edgestream Partners L.P.

Edgestream Partners L.P. lifted its stake in OGE Energy Corporation (NYSE:OGE - Free Report) by 613.1% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 85,233 shares of the utilities provider's stock after buying an additional 73,280 shares during the quarter. Edgestream Partners L.P.'s holdings in OGE Energy were worth $3,917,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in OGE. Headlands Technologies LLC purchased a new stake in shares of OGE Energy during the fourth quarter worth about $27,000. Bessemer Group Inc. grew its position in shares of OGE Energy by 102.0% during the fourth quarter. Bessemer Group Inc. now owns 715 shares of the utilities provider's stock worth $30,000 after purchasing an additional 361 shares in the last quarter. Alpine Bank Wealth Management purchased a new stake in shares of OGE Energy during the first quarter worth about $31,000. Lee Danner & Bass Inc. purchased a new stake in shares of OGE Energy during the fourth quarter worth about $45,000. Finally, NBT Bank N A NY grew its position in shares of OGE Energy by 100.0% during the first quarter. NBT Bank N A NY now owns 1,200 shares of the utilities provider's stock worth $55,000 after purchasing an additional 600 shares in the last quarter. Institutional investors own 71.84% of the company's stock.

OGE Energy Stock Up 1.0%

NYSE OGE traded up $0.42 on Friday, reaching $44.53. 1,066,655 shares of the stock traded hands, compared to its average volume of 1,108,563. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.47 and a current ratio of 0.73. The company has a fifty day moving average price of $44.13 and a 200-day moving average price of $43.92. The company has a market cap of $8.97 billion, a price-to-earnings ratio of 18.40, a PEG ratio of 3.07 and a beta of 0.59. OGE Energy Corporation has a 12 month low of $36.66 and a 12 month high of $46.91.

OGE Energy (NYSE:OGE - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The utilities provider reported $0.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.22 by $0.09. OGE Energy had a return on equity of 10.58% and a net margin of 15.48%. The business had revenue of $747.70 million for the quarter, compared to the consensus estimate of $695.59 million. During the same period last year, the business posted $0.09 EPS. The business's revenue was up 25.3% compared to the same quarter last year. As a group, research analysts forecast that OGE Energy Corporation will post 2.27 EPS for the current fiscal year.

OGE Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 25th. Investors of record on Monday, July 7th will be paid a dividend of $0.4213 per share. The ex-dividend date of this dividend is Monday, July 7th. This represents a $1.69 annualized dividend and a yield of 3.78%. OGE Energy's dividend payout ratio (DPR) is 69.42%.

Analyst Ratings Changes

OGE has been the subject of several research analyst reports. LADENBURG THALM/SH SH upgraded OGE Energy to a "hold" rating in a report on Friday, May 9th. Argus upgraded OGE Energy from a "hold" rating to a "buy" rating and set a $47.00 price target for the company in a report on Friday, April 11th. Barclays upgraded OGE Energy from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $45.00 to $47.00 in a report on Thursday, June 5th. Finally, Wells Fargo & Company raised their price target on OGE Energy from $46.00 to $47.00 and gave the company an "equal weight" rating in a report on Thursday, May 1st. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $46.80.

Insider Buying and Selling at OGE Energy

In other OGE Energy news, insider William H. Sultemeier sold 6,650 shares of the business's stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $45.54, for a total transaction of $302,841.00. Following the sale, the insider owned 72,548 shares in the company, valued at approximately $3,303,835.92. The trade was a 8.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Donnie O. Jones sold 11,351 shares of the business's stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $44.06, for a total value of $500,125.06. Following the sale, the vice president owned 43,932 shares in the company, valued at approximately $1,935,643.92. The trade was a 20.53% decrease in their position. The disclosure for this sale can be found here. 0.55% of the stock is owned by insiders.

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.