Edmp Inc. Sells 700 Shares of OGE Energy Corp. (NYSE:OGE)

Edmp Inc. decreased its position 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 SEC. The fund owned 41,943 shares of the utilities provider’s stock after selling 700 shares during the quarter. OGE Energy comprises approximately 1.6% of Edmp Inc.’s investment portfolio, making the stock its 24th largest position. Edmp Inc.’s holdings in OGE Energy were worth $1,730,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Mather Group LLC. raised its stake in OGE Energy by 20.9% during the fourth quarter. Mather Group LLC. now owns 1,616 shares of the utilities provider’s stock worth $67,000 after buying an additional 279 shares during the last quarter. Centennial Wealth Advisory LLC raised its position in shares of OGE Energy by 3.8% in the 3rd quarter. Centennial Wealth Advisory LLC now owns 8,120 shares of the utilities provider’s stock worth $333,000 after acquiring an additional 300 shares in the last quarter. US Bancorp DE lifted its stake in shares of OGE Energy by 1.8% in the 3rd quarter. US Bancorp DE now owns 24,335 shares of the utilities provider’s stock valued at $998,000 after purchasing an additional 419 shares during the period. Gries Financial LLC boosted its position in shares of OGE Energy by 1.7% during the 4th quarter. Gries Financial LLC now owns 30,877 shares of the utilities provider’s stock valued at $1,274,000 after purchasing an additional 514 shares in the last quarter. Finally, UMB Bank n.a. grew its stake in OGE Energy by 6.7% during the fourth quarter. UMB Bank n.a. now owns 8,209 shares of the utilities provider’s stock worth $339,000 after purchasing an additional 515 shares during the period. Institutional investors and hedge funds own 71.84% of the company’s stock.

OGE Energy Stock Up 0.3 %

Shares of NYSE OGE opened at $42.84 on Tuesday. 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 Corp. has a 1 year low of $32.06 and a 1 year high of $44.41. The stock has a market capitalization of $8.61 billion, a P/E ratio of 22.19, a P/E/G ratio of 3.18 and a beta of 0.78. The company has a 50-day moving average price of $41.84 and a 200-day moving average price of $41.07.

OGE Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, January 6th were issued a dividend of $0.4213 per share. This represents a $1.69 dividend on an annualized basis and a yield of 3.93%. The ex-dividend date of this dividend was Monday, January 6th. OGE Energy’s dividend payout ratio is currently 87.05%.

Wall Street Analyst Weigh In

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

Insider Transactions at OGE Energy

In other news, VP Cristina F. Mcquistion sold 5,008 shares of the stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $42.84, for a total value of $214,542.72. Following the completion of the sale, the vice president now owns 20,918 shares in the company, valued at $896,127.12. This represents a 19.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.53% 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.