OGE Energy Corp. (NYSE:OGE) Position Raised by Edgestream Partners L.P.

Edgestream Partners L.P. increased its position in OGE Energy Corp. (NYSE:OGE) by 10.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,697 shares of the utilities provider’s stock after buying an additional 2,029 shares during the quarter. Edgestream Partners L.P.’s holdings in OGE Energy were worth $739,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of OGE. EverSource Wealth Advisors LLC boosted its holdings in OGE Energy by 178.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 762 shares of the utilities provider’s stock worth $27,000 after buying an additional 488 shares in the last quarter. Pinnacle Bancorp Inc. grew its holdings in shares of OGE Energy by 392.8% in the 1st quarter. Pinnacle Bancorp Inc. now owns 823 shares of the utilities provider’s stock worth $28,000 after acquiring an additional 656 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of OGE Energy during the second quarter worth $35,000. Voisard Asset Management Group Inc. purchased a new stake in shares of OGE Energy during the fourth quarter valued at $36,000. Finally, Allspring Global Investments Holdings LLC boosted its position 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 purchasing an additional 278 shares during the period. Institutional investors own 71.84% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on OGE. Evercore ISI upped their price objective on shares of OGE Energy from $36.00 to $40.00 and gave the company an “in-line” rating in a research note on Thursday, August 8th. Barclays boosted their target price on shares of OGE Energy from $36.00 to $39.00 and gave the company an “equal weight” rating in a research note on Monday, August 12th. Finally, Jefferies Financial Group started coverage on OGE Energy in a research report on Thursday. They issued a “buy” rating and a $46.00 target price for the company. Seven analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $36.86.

OGE Energy Trading Up 1.5 %

NYSE OGE opened at $40.71 on Friday. The company has a current ratio of 0.71, a quick ratio of 0.36 and a debt-to-equity ratio of 1.08. OGE Energy Corp. has a 1-year low of $31.25 and a 1-year high of $41.48. The firm’s fifty day simple moving average is $39.14 and its 200-day simple moving average is $36.40. The company has a market capitalization of $8.16 billion, a PE ratio of 20.66, a price-to-earnings-growth ratio of 3.75 and a beta of 0.74.

OGE Energy (NYSE:OGE) last posted its quarterly earnings results on Wednesday, August 7th. The utilities provider reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.05. The company had revenue of $662.60 million during the quarter, compared to the consensus estimate of $837.51 million. OGE Energy had a return on equity of 9.15% and a net margin of 14.83%. 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. As a group, sell-side analysts anticipate that OGE Energy Corp. will post 2.14 earnings per share for the current fiscal year.

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.