GW&K Investment Management LLC decreased its position in shares of OGE Energy Corp. (NYSE:OGE) by 1.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 535,621 shares of the utilities provider’s stock after selling 8,981 shares during the quarter. GW&K Investment Management LLC owned 0.27% of OGE Energy worth $22,796,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Geode Capital Management LLC lifted its holdings in shares of OGE Energy by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 2,793,134 shares of the utilities provider’s stock worth $109,412,000 after acquiring an additional 14,562 shares during the last quarter. Two Sigma Advisers LP bought a new position in shares of OGE Energy in the fourth quarter worth about $227,000. Dimensional Fund Advisors LP lifted its holdings in shares of OGE Energy by 5.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 947,195 shares of the utilities provider’s stock worth $37,120,000 after acquiring an additional 46,162 shares during the last quarter. Virtu Financial LLC bought a new position in shares of OGE Energy in the first quarter worth about $263,000. Finally, Brinker Capital Inc. lifted its holdings in shares of OGE Energy by 5.2% in the first quarter. Brinker Capital Inc. now owns 22,747 shares of the utilities provider’s stock worth $981,000 after acquiring an additional 1,125 shares during the last quarter. 68.85% of the stock is owned by institutional investors and hedge funds.
OGE has been the subject of a number of research reports. ValuEngine cut shares of OGE Energy from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Zacks Investment Research cut shares of OGE Energy from a “buy” rating to a “hold” rating in a report on Monday, May 6th. Mizuho initiated coverage on shares of OGE Energy in a report on Monday, June 17th. They issued a “neutral” rating and a $43.50 target price for the company. Finally, Evercore ISI reissued a “hold” rating and issued a $39.00 target price on shares of OGE Energy in a report on Sunday, August 11th. Two equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $40.25.
In related news, Treasurer Charles B. Walworth sold 705 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $42.81, for a total value of $30,181.05. Following the completion of the transaction, the treasurer now owns 10,120 shares in the company, valued at approximately $433,237.20. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 0.49% of the stock is owned by company insiders.
NYSE OGE traded down $0.85 during trading hours on Friday, reaching $42.23. The company’s stock had a trading volume of 792,566 shares, compared to its average volume of 1,057,566. The firm has a fifty day simple moving average of $42.95 and a 200-day simple moving average of $42.52. The stock has a market cap of $8.62 billion, a P/E ratio of 19.92, a P/E/G ratio of 4.60 and a beta of 0.49. OGE Energy Corp. has a 52 week low of $35.29 and a 52 week high of $44.40. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.65 and a quick ratio of 0.46.
OGE Energy (NYSE:OGE) last issued its quarterly earnings data on Thursday, August 8th. The utilities provider reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.01). The business had revenue of $513.70 million during the quarter, compared to the consensus estimate of $589.82 million. OGE Energy had a net margin of 18.39% and a return on equity of 10.17%. The firm’s quarterly revenue was down 9.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.55 EPS. On average, research analysts expect that OGE Energy Corp. will post 2.14 earnings per share for the current year.
OGE Energy Profile
OGE Energy Corp., together with its subsidiaries, operates as an energy and energy services provider that provides physical delivery and related services for electricity and natural gas primarily in the south central United States. It operates in two segments, Electric Utility and Natural Gas Midstream Operations.
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