GAMMA Investing LLC Increases Stock Position in OGE Energy Corp. (NYSE:OGE)

GAMMA Investing LLC increased its position in shares of OGE Energy Corp. (NYSE:OGE - Free Report) by 5,760.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 321,352 shares of the utilities provider's stock after acquiring an additional 315,869 shares during the period. GAMMA Investing LLC owned approximately 0.16% of OGE Energy worth $14,769,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Quadrant Capital Group LLC increased its holdings in OGE Energy by 5.2% during the 4th quarter. Quadrant Capital Group LLC now owns 4,825 shares of the utilities provider's stock worth $199,000 after acquiring an additional 239 shares during the period. Mather Group LLC. increased its holdings in OGE Energy by 20.9% during the 4th quarter. Mather Group LLC. now owns 1,616 shares of the utilities provider's stock worth $67,000 after acquiring an additional 279 shares during the period. CIBC Asset Management Inc increased its holdings in OGE Energy by 5.1% during the 4th quarter. CIBC Asset Management Inc now owns 6,038 shares of the utilities provider's stock worth $249,000 after acquiring an additional 295 shares during the period. Mercer Global Advisors Inc. ADV increased its holdings in OGE Energy by 1.3% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 28,157 shares of the utilities provider's stock worth $1,161,000 after acquiring an additional 354 shares during the period. Finally, Bessemer Group Inc. increased its holdings in OGE Energy by 102.0% during the 4th quarter. Bessemer Group Inc. now owns 715 shares of the utilities provider's stock worth $30,000 after acquiring an additional 361 shares during the period. Institutional investors own 71.84% of the company's stock.

Analysts Set New Price Targets

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

OGE Energy Price Performance

Shares of NYSE:OGE traded down $0.10 during trading on Friday, reaching $43.80. The company had a trading volume of 1,068,188 shares, compared to its average volume of 1,125,043. The company has a fifty day moving average of $44.35 and a two-hundred day moving average of $43.54. The stock has a market capitalization of $8.82 billion, a P/E ratio of 19.91, a price-to-earnings-growth ratio of 3.30 and a beta of 0.60. OGE Energy Corp. has a 12 month low of $34.84 and a 12 month high of $46.91. The company has a current ratio of 0.73, a quick ratio of 0.51 and a debt-to-equity ratio of 1.08.

OGE Energy (NYSE:OGE - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The utilities provider reported $0.31 EPS for the quarter, topping analysts' consensus estimates of $0.22 by $0.09. The firm had revenue of $747.70 million for the quarter, compared to analyst estimates of $695.59 million. OGE Energy had a net margin of 14.79% and a return on equity of 9.71%. The business's revenue for the quarter was up 25.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.09 EPS. Equities research analysts forecast that OGE Energy Corp. will post 2.27 earnings per share for the current year.

OGE Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 25th. Stockholders of record on Monday, July 7th will be paid a $0.4213 dividend. The ex-dividend date of this dividend is Monday, July 7th. This represents a $1.69 dividend on an annualized basis and a dividend yield of 3.85%. OGE Energy's dividend payout ratio (DPR) is 69.42%.

Insider Activity

In other news, VP Donnie O. Jones sold 11,351 shares of the company's stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $44.06, for a total value of $500,125.06. Following the completion of the sale, the vice president now owns 43,932 shares of the company's stock, valued at approximately $1,935,643.92. This represents a 20.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider William H. Sultemeier sold 6,650 shares of the company's stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $45.54, for a total transaction of $302,841.00. Following the completion of the sale, the insider now directly owns 72,548 shares of the company's stock, valued at $3,303,835.92. This trade represents a 8.40% decrease in their position. The disclosure for this sale can be found here. 0.53% of the stock is owned by corporate insiders.

OGE Energy Company Profile

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.