Edgestream Partners L.P. Grows Stock Position in OGE Energy Corporation (NYSE:OGE)

Edgestream Partners L.P. increased its position in OGE Energy Corporation (NYSE:OGE - Free Report) by 613.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 85,233 shares of the utilities provider's stock after acquiring an additional 73,280 shares during the quarter. Edgestream Partners L.P.'s holdings in OGE Energy were worth $3,917,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Quadrant Capital Group LLC boosted its position in shares of OGE Energy by 5.2% in the fourth quarter. Quadrant Capital Group LLC now owns 4,825 shares of the utilities provider's stock valued at $199,000 after acquiring an additional 239 shares during the period. Xponance Inc. lifted its position in OGE Energy by 1.2% during the first quarter. Xponance Inc. now owns 23,068 shares of the utilities provider's stock valued at $1,060,000 after purchasing an additional 283 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its position in OGE Energy by 6.2% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 5,241 shares of the utilities provider's stock valued at $241,000 after purchasing an additional 307 shares during the last quarter. M&T Bank Corp lifted its position in OGE Energy by 3.2% during the first quarter. M&T Bank Corp now owns 10,328 shares of the utilities provider's stock valued at $475,000 after purchasing an additional 316 shares during the last quarter. Finally, Bessemer Group Inc. lifted its position in OGE Energy by 45.9% during the first quarter. Bessemer Group Inc. now owns 1,043 shares of the utilities provider's stock valued at $48,000 after purchasing an additional 328 shares during the last quarter. 71.84% of the stock is currently owned by institutional investors.

OGE Energy Stock Up 0.9%

Shares of OGE stock traded up $0.39 during mid-day trading on Friday, reaching $44.50. 208,345 shares of the company's stock traded hands, compared to its average volume of 1,170,572. OGE Energy Corporation has a 12 month low of $36.66 and a 12 month high of $46.91. The company has a market cap of $8.96 billion, a P/E ratio of 18.39, a P/E/G ratio of 3.07 and a beta of 0.59. The company has a quick ratio of 0.47, a current ratio of 0.73 and a debt-to-equity ratio of 1.11. The company's 50-day moving average price is $44.13 and its 200-day moving average price is $43.90.

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

OGE Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Investors of record on Monday, July 7th will be paid a $0.4213 dividend. This represents a $1.69 dividend on an annualized basis and a yield of 3.79%. The ex-dividend date of this dividend is Monday, July 7th. OGE Energy's payout ratio is 69.42%.

Analyst Upgrades and Downgrades

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

Insider Transactions at OGE Energy

In related news, VP Donnie O. Jones sold 11,351 shares of the company'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 transaction, the vice president owned 43,932 shares in the company, valued at $1,935,643.92. The trade was a 20.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider William H. Sultemeier sold 6,650 shares of the company'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 completion of the transaction, 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 disclosure for this sale can be found here. Insiders own 0.55% of the company's stock.

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.