Brown Advisory Inc. acquired a new position in shares of OGE Energy Corp. (NYSE:OGE) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 75,298 shares of the company’s stock, valued at approximately $2,466,000.

Several other large investors have also modified their holdings of the stock. World Asset Management Inc increased its stake in shares of OGE Energy Corp. by 0.3% in the second quarter. World Asset Management Inc now owns 11,176 shares of the company’s stock worth $366,000 after buying an additional 32 shares during the last quarter. Mercer Capital Advisers Inc. increased its position in shares of OGE Energy Corp. by 0.7% in the second quarter. Mercer Capital Advisers Inc. now owns 6,867 shares of the company’s stock valued at $225,000 after buying an additional 50 shares in the last quarter. Stephens Inc. AR increased its position in shares of OGE Energy Corp. by 0.8% in the second quarter. Stephens Inc. AR now owns 8,148 shares of the company’s stock valued at $267,000 after buying an additional 63 shares in the last quarter. Torch Wealth Management LLC increased its position in shares of OGE Energy Corp. by 0.9% in the second quarter. Torch Wealth Management LLC now owns 8,194 shares of the company’s stock valued at $268,000 after buying an additional 75 shares in the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD increased its position in shares of OGE Energy Corp. by 1.5% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 13,589 shares of the company’s stock valued at $445,000 after buying an additional 204 shares in the last quarter. 64.25% of the stock is owned by hedge funds and other institutional investors.

Shares of OGE Energy Corp. (NYSE:OGE) traded down 0.67% during mid-day trading on Friday, reaching $32.75. 112,079 shares of the company’s stock traded hands. OGE Energy Corp. has a 12-month low of $23.37 and a 12-month high of $33.05. The company has a market cap of $6.54 billion, a P/E ratio of 27.75 and a beta of 0.66. The company’s 50 day moving average is $31.30 and its 200 day moving average is $30.33.

OGE Energy Corp. (NYSE:OGE) last posted its quarterly earnings results on Thursday, August 4th. The company reported $0.35 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.41 by $0.06. The company earned $551.40 million during the quarter, compared to analysts’ expectations of $569.62 million. OGE Energy Corp. had a return on equity of 7.14% and a net margin of 11.03%. The company’s quarterly revenue was up .3% on a year-over-year basis. During the same period in the prior year, the business posted $0.44 EPS. On average, analysts predict that OGE Energy Corp. will post $1.77 EPS for the current fiscal year.

Several brokerages recently weighed in on OGE. Zacks Investment Research raised shares of OGE Energy Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, August 10th. Jefferies Group dropped their target price on shares of OGE Energy Corp. from $34.00 to $32.50 and set a “hold” rating for the company in a report on Friday, August 5th. Finally, TheStreet raised shares of OGE Energy Corp. from a “hold” rating to a “buy” rating in a report on Tuesday, September 6th. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $31.50.

In related news, insider H Scott Forbes sold 4,959 shares of the firm’s stock in a transaction on Thursday, September 8th. The shares were sold at an average price of $32.12, for a total transaction of $159,283.08. Following the completion of the transaction, the insider now owns 22,241 shares of the company’s stock, valued at $714,380.92. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Jean C. Leger, Jr. sold 10,000 shares of the firm’s stock in a transaction on Tuesday, August 9th. The stock was sold at an average price of $31.17, for a total transaction of $311,700.00. Following the transaction, the vice president now directly owns 14,746 shares of the company’s stock, valued at approximately $459,632.82. The disclosure for this sale can be found here. Corporate insiders own 0.75% of the company’s stock.

OGE Energy Corp. Company Profile

OGE Energy Corp. (OGE Energy) is an energy and energy services provider offering physical delivery and related services for both electricity and natural gas in the south central United States. The Company operates through two business segments: electric utility and natural gas midstream operations. The electric utility segment generates, transmits, distributes and sells electric energy in Oklahoma and western Arkansas.

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