Bokf Na Sells 1,210 Shares of OGE Energy Corp. (NYSE:OGE)

Bokf Na decreased its stake in OGE Energy Corp. (NYSE:OGE) by 2.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 57,844 shares of the utilities provider’s stock after selling 1,210 shares during the quarter. Bokf Na’s holdings in OGE Energy were worth $2,065,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in OGE. EverSource Wealth Advisors LLC raised its position in shares of OGE Energy by 178.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 762 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 488 shares during the period. Pinnacle Bancorp Inc. increased its stake in OGE Energy by 392.8% in the first quarter. Pinnacle Bancorp Inc. now owns 823 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 656 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in OGE Energy in the second quarter worth $35,000. Voisard Asset Management Group Inc. bought a new position in shares of OGE Energy during the fourth quarter worth $36,000. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of OGE Energy by 23.1% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,483 shares of the utilities provider’s stock valued at $53,000 after buying an additional 278 shares during the period. Institutional investors own 71.84% of the company’s stock.

OGE Energy Stock Up 2.4 %

NYSE:OGE opened at $40.97 on Friday. The stock has a 50-day simple moving average of $38.66 and a 200 day simple moving average of $36.12. OGE Energy Corp. has a 52-week low of $31.25 and a 52-week high of $40.98. The company has a market cap of $8.22 billion, a PE ratio of 20.80, a PEG ratio of 3.74 and a beta of 0.74. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.36 and a current ratio of 0.71.

OGE Energy (NYSE:OGE) last issued its quarterly earnings results on Wednesday, August 7th. The utilities provider reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.05. The company had revenue of $662.60 million during the quarter, compared to analysts’ expectations of $837.51 million. OGE Energy had a net margin of 14.83% and a return on equity of 9.15%. The business’s quarterly revenue was up 9.5% on a year-over-year basis. During the same period last year, the business earned $0.44 EPS. On average, sell-side analysts expect that OGE Energy Corp. will post 2.14 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on OGE. Barclays raised their price objective on OGE Energy from $36.00 to $39.00 and gave the stock an “equal weight” rating in a research note on Monday, August 12th. Evercore ISI lifted their price objective on OGE Energy from $36.00 to $40.00 and gave the company an “in-line” rating in a report on Thursday, August 8th. Finally, Argus cut OGE Energy from a “buy” rating to a “hold” rating in a research note on Thursday, May 23rd. Seven equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, OGE Energy currently has a consensus rating of “Hold” and a consensus price target of $35.33.

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.