Edmp Inc. Reduces Stake in OGE Energy Corp. (NYSE:OGE)

Edmp Inc. lowered its stake in shares of OGE Energy Corp. (NYSE:OGE) by 1.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 41,943 shares of the utilities provider’s stock after selling 700 shares during the period. OGE Energy accounts for 1.6% of Edmp Inc.’s investment portfolio, making the stock its 24th biggest holding. Edmp Inc.’s holdings in OGE Energy were worth $1,730,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. FMR LLC increased its stake in shares of OGE Energy by 16.3% in the third quarter. FMR LLC now owns 558,967 shares of the utilities provider’s stock worth $22,929,000 after purchasing an additional 78,164 shares in the last quarter. PEAK6 Investments LLC purchased a new position in shares of OGE Energy in the third quarter valued at $783,000. Navellier & Associates Inc. bought a new stake in shares of OGE Energy during the 3rd quarter valued at $785,000. BNP Paribas Financial Markets lifted its holdings in OGE Energy by 316.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 34,752 shares of the utilities provider’s stock worth $1,426,000 after purchasing an additional 26,411 shares in the last quarter. Finally, Merit Financial Group LLC boosted its stake in OGE Energy by 14.2% in the 4th quarter. Merit Financial Group LLC now owns 6,505 shares of the utilities provider’s stock worth $268,000 after purchasing an additional 810 shares during the period. Hedge funds and other institutional investors own 71.84% of the company’s stock.

Insider Buying and Selling at OGE Energy

In other news, VP Cristina F. Mcquistion sold 5,008 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $42.84, for a total value of $214,542.72. Following the transaction, the vice president now owns 20,918 shares in the company, valued at approximately $896,127.12. This trade represents a 19.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.53% of the company’s stock.

Wall Street Analysts Forecast Growth

OGE has been the topic of a number of recent analyst reports. Barclays lowered their price target on shares of OGE Energy from $43.00 to $42.00 and set an “equal weight” rating on the stock in a report on Friday, January 24th. Evercore ISI upgraded OGE Energy from an “in-line” rating to an “outperform” rating and upped their target price for the stock from $40.00 to $47.00 in a research note on Tuesday, January 21st. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $45.00.

OGE Energy Stock Up 0.3 %

Shares of NYSE OGE opened at $42.84 on Tuesday. The stock has a market capitalization of $8.61 billion, a P/E ratio of 22.19, a PEG ratio of 3.18 and a beta of 0.78. OGE Energy Corp. has a one year low of $32.06 and a one year high of $44.41. The firm’s 50 day simple moving average is $41.84 and its two-hundred day simple moving average is $41.07. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.86 and a quick ratio of 0.51.

OGE Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, January 6th were paid a $0.4213 dividend. This represents a $1.69 annualized dividend and a yield of 3.93%. The ex-dividend date was Monday, January 6th. OGE Energy’s dividend payout ratio is presently 87.05%.

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.