Gateway Investment Advisers LLC Has $5.76 Million Holdings in OGE Energy Corp. (NYSE:OGE)

Gateway Investment Advisers LLC decreased its position in shares of OGE Energy Corp. (NYSE:OGE - Free Report) by 9.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 125,338 shares of the utilities provider's stock after selling 13,621 shares during the quarter. Gateway Investment Advisers LLC owned about 0.06% of OGE Energy worth $5,761,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of OGE. Norges Bank acquired a new position in OGE Energy during the 4th quarter valued at about $68,876,000. Merewether Investment Management LP bought a new stake in shares of OGE Energy during the fourth quarter valued at approximately $44,470,000. Cohen & Steers Inc. bought a new stake in shares of OGE Energy during the fourth quarter valued at approximately $43,618,000. T. Rowe Price Investment Management Inc. boosted its position in shares of OGE Energy by 15.8% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 6,174,558 shares of the utilities provider's stock worth $254,701,000 after buying an additional 844,679 shares during the period. Finally, Northern Trust Corp grew its holdings in OGE Energy by 29.3% in the 4th quarter. Northern Trust Corp now owns 3,562,014 shares of the utilities provider's stock worth $146,933,000 after buying an additional 807,690 shares in the last quarter. Institutional investors own 71.84% of the company's stock.

OGE Energy Price Performance

NYSE OGE traded up $0.14 on Wednesday, reaching $44.14. 576,278 shares of the stock traded hands, compared to its average volume of 1,124,193. OGE Energy Corp. has a 12 month low of $34.84 and a 12 month high of $46.91. The company has a market cap of $8.89 billion, a price-to-earnings ratio of 20.06, a P/E/G ratio of 3.30 and a beta of 0.59. The firm's fifty day simple moving average is $44.26 and its 200 day simple moving average is $43.55. The company has a quick ratio of 0.51, a current ratio of 0.73 and a debt-to-equity ratio of 1.08.

OGE Energy (NYSE:OGE - Get Free Report) last announced its earnings results on Wednesday, April 30th. The utilities provider reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.09. OGE Energy had a return on equity of 9.71% and a net margin of 14.79%. The business had revenue of $747.70 million during the quarter, compared to analysts' expectations of $695.59 million. During the same quarter last year, the business posted $0.09 earnings per share. The company's quarterly revenue was up 25.3% on a year-over-year basis. As a group, research analysts predict that OGE Energy Corp. 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 issued a $0.4213 dividend. The ex-dividend date is Monday, July 7th. This represents a $1.69 dividend on an annualized basis and a dividend yield of 3.82%. OGE Energy's payout ratio is currently 69.42%.

Analyst Ratings Changes

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

Insider Activity at OGE Energy

In other OGE Energy news, VP Donnie O. Jones sold 11,351 shares of the company's stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $44.06, for a total value of $500,125.06. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider William H. Sultemeier sold 6,650 shares of the firm's stock in a transaction 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 sale, the insider now directly owns 72,548 shares of the company's stock, 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.

OGE Energy 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.