Edgestream Partners L.P. Boosts Holdings in OGE Energy Corporation (NYSE:OGE)

Edgestream Partners L.P. boosted its position in OGE Energy Corporation (NYSE:OGE - Free Report) by 613.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 85,233 shares of the utilities provider's stock after purchasing 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 institutional investors have also added to or reduced their stakes in OGE. Proficio Capital Partners LLC bought a new position in OGE Energy in the fourth quarter worth $1,800,000. Raymond James Financial Inc. bought a new position in shares of OGE Energy during the fourth quarter valued at $11,862,000. Farther Finance Advisors LLC increased its holdings in shares of OGE Energy by 219.4% during the fourth quarter. Farther Finance Advisors LLC now owns 3,121 shares of the utilities provider's stock valued at $129,000 after acquiring an additional 2,144 shares in the last quarter. Swiss National Bank increased its holdings in shares of OGE Energy by 0.9% during the fourth quarter. Swiss National Bank now owns 395,000 shares of the utilities provider's stock valued at $16,294,000 after acquiring an additional 3,600 shares in the last quarter. Finally, Vestcor Inc bought a new position in shares of OGE Energy during the fourth quarter valued at $329,000. Institutional investors own 71.84% of the company's stock.

OGE Energy Stock Performance

NYSE OGE traded up $0.42 during trading hours on Friday, hitting $44.53. The company's stock had a trading volume of 1,066,655 shares, compared to its average volume of 1,108,563. OGE Energy Corporation has a 12 month low of $36.66 and a 12 month high of $46.91. The company's 50 day simple moving average is $44.13 and its two-hundred day simple moving average is $43.92. The company has a market cap of $8.97 billion, a P/E ratio of 18.40, a price-to-earnings-growth ratio of 3.07 and a beta of 0.59. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.73 and a quick ratio of 0.47.

OGE Energy (NYSE:OGE - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The utilities provider reported $0.31 EPS for the quarter, topping the consensus estimate of $0.22 by $0.09. The company had revenue of $747.70 million during the quarter, compared to the consensus estimate of $695.59 million. OGE Energy had a return on equity of 10.58% and a net margin of 15.48%. OGE Energy's revenue for the quarter was up 25.3% on a year-over-year basis. During the same period last year, the company earned $0.09 EPS. As a group, sell-side analysts expect that OGE Energy Corporation will post 2.27 EPS for the current fiscal year.

OGE Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 25th. Shareholders of record on Monday, July 7th will be given a $0.4213 dividend. The ex-dividend date is Monday, July 7th. This represents a $1.69 annualized dividend and a yield of 3.78%. OGE Energy's payout ratio is 69.42%.

Insider Activity

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

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. LADENBURG THALM/SH SH upgraded OGE Energy to a "hold" rating in a report on Friday, May 9th. 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. 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. 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 research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, OGE Energy presently has an average rating of "Moderate Buy" and an average price target of $46.80.

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.