Wedge Capital Management L L P NC Has $13.11 Million Stock Holdings in OGE Energy Corp. (NYSE:OGE)

Wedge Capital Management L L P NC cut its position in OGE Energy Corp. (NYSE:OGE - Free Report) by 3.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 285,170 shares of the utilities provider's stock after selling 9,858 shares during the quarter. Wedge Capital Management L L P NC owned approximately 0.14% of OGE Energy worth $13,106,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in OGE Energy by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 21,413,588 shares of the utilities provider's stock valued at $883,311,000 after acquiring an additional 203,129 shares during the period. T. Rowe Price Investment Management Inc. lifted its position in shares of OGE Energy by 15.8% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 6,174,558 shares of the utilities provider's stock worth $254,701,000 after purchasing an additional 844,679 shares during the last quarter. Boston Partners lifted its position in shares of OGE Energy by 6.6% during the 4th quarter. Boston Partners now owns 4,182,795 shares of the utilities provider's stock worth $172,554,000 after purchasing an additional 258,989 shares during the last quarter. Northern Trust Corp boosted its stake in OGE Energy by 29.3% during the 4th quarter. Northern Trust Corp now owns 3,562,014 shares of the utilities provider's stock valued at $146,933,000 after purchasing an additional 807,690 shares during the period. Finally, Geode Capital Management LLC grew its holdings in OGE Energy by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 3,364,886 shares of the utilities provider's stock valued at $138,845,000 after buying an additional 15,415 shares during the last quarter. Institutional investors own 71.84% of the company's stock.

Insider Activity

In related news, insider William H. Sultemeier sold 6,650 shares of the stock in a transaction that occurred on 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 now directly owns 72,548 shares in the company, valued at $3,303,835.92. This represents a 8.40% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Donnie O. Jones sold 11,351 shares of the business'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 completion of the transaction, the vice president now directly owns 43,932 shares in the company, valued at approximately $1,935,643.92. This represents a 20.53% decrease in their position. The disclosure for this sale can be found here. 0.55% of the stock is owned by corporate insiders.

Analyst Ratings Changes

OGE has been the subject of a number of research analyst reports. Wells Fargo & Company upped their price target on OGE Energy from $46.00 to $47.00 and gave the stock an "equal weight" rating in a report on Thursday, May 1st. Argus raised shares of 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. LADENBURG THALM/SH SH upgraded shares of OGE Energy to a "hold" rating in a research report on Friday, May 9th. Finally, Barclays raised shares of OGE Energy from an "equal weight" rating to an "overweight" rating and upped their price objective 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 given a buy rating to the company. According to MarketBeat.com, OGE Energy has an average rating of "Moderate Buy" and an average price target of $46.80.

OGE Energy Price Performance

NYSE:OGE traded up $0.14 during mid-day trading on Wednesday, hitting $44.14. The company's stock had a trading volume of 802,474 shares, compared to its average volume of 1,124,193. The company has a market capitalization 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 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 Corp. has a fifty-two week low of $34.84 and a fifty-two week high of $46.91. The stock has a fifty day moving average of $44.26 and a 200-day moving average of $43.55.

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

OGE Energy Announces Dividend

The company also recently announced 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 annualized dividend and a dividend yield of 3.82%. OGE Energy's dividend payout ratio is presently 69.42%.

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.