South Dakota Investment Council continued to hold its stake in shares of OGE Energy Corporation (NYSE:OGE) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,400 shares of the utilities provider’s stock at the close of the second quarter. South Dakota Investment Council’s holdings in OGE Energy Corporation were worth $1,023,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. LSV Asset Management boosted its holdings in shares of OGE Energy Corporation by 2.0% during the second quarter. LSV Asset Management now owns 553,700 shares of the utilities provider’s stock valued at $19,263,000 after acquiring an additional 11,020 shares during the period. Ffcm LLC boosted its holdings in shares of OGE Energy Corporation by 199.8% during the second quarter. Ffcm LLC now owns 3,478 shares of the utilities provider’s stock valued at $121,000 after acquiring an additional 2,318 shares during the period. Los Angeles Capital Management & Equity Research Inc. boosted its holdings in shares of OGE Energy Corporation by 10.1% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 129,354 shares of the utilities provider’s stock valued at $4,500,000 after acquiring an additional 11,887 shares during the period. Heritage Trust Co boosted its holdings in shares of OGE Energy Corporation by 140.6% during the second quarter. Heritage Trust Co now owns 7,207 shares of the utilities provider’s stock valued at $250,000 after acquiring an additional 4,211 shares during the period. Finally, Synovus Financial Corp boosted its holdings in shares of OGE Energy Corporation by 383.2% during the second quarter. Synovus Financial Corp now owns 14,799 shares of the utilities provider’s stock valued at $516,000 after acquiring an additional 11,736 shares during the period. 62.54% of the stock is owned by institutional investors.

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In related news, Director Luke R. Corbett sold 1,250 shares of the business’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $36.31, for a total value of $45,387.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider H Scott Forbes sold 4,670 shares of the business’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $36.19, for a total value of $169,007.30. Following the completion of the sale, the insider now owns 18,311 shares of the company’s stock, valued at $662,675.09. The disclosure for this sale can be found here. Insiders own 0.48% of the company’s stock.

OGE Energy Corporation (OGE) opened at 35.95 on Thursday. OGE Energy Corporation has a 1-year low of $29.57 and a 1-year high of $37.41. The firm’s 50-day moving average price is $35.90 and its 200 day moving average price is $35.40. The firm has a market capitalization of $7.18 billion, a price-to-earnings ratio of 18.82 and a beta of 0.88.

OGE Energy Corporation (NYSE:OGE) last released its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $0.52 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.05. The business had revenue of $586.40 million during the quarter, compared to the consensus estimate of $563.00 million. OGE Energy Corporation had a return on equity of 11.06% and a net margin of 16.50%. The firm’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.35 EPS. On average, analysts predict that OGE Energy Corporation will post $1.97 EPS for the current year.

OGE has been the subject of several analyst reports. BidaskClub raised shares of OGE Energy Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. Jefferies Group LLC reissued a “hold” rating and set a $35.00 price target on shares of OGE Energy Corporation in a report on Friday, July 21st. KeyCorp reissued a “hold” rating on shares of OGE Energy Corporation in a report on Friday, September 1st. Evercore ISI initiated coverage on shares of OGE Energy Corporation in a report on Monday, July 24th. They set an “outperform” rating and a $37.00 price target for the company. Finally, Zacks Investment Research downgraded shares of OGE Energy Corporation from a “hold” rating to a “sell” rating in a report on Thursday, August 10th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. OGE Energy Corporation currently has a consensus rating of “Hold” and an average price target of $35.17.

About OGE Energy Corporation

OGE Energy Corp. (OGE Energy) is an energy and energy services provider offering physical delivery and related services for both electricity and natural gas primarily in the south central United States. The Company operates through two 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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Institutional Ownership by Quarter for OGE Energy Corporation (NYSE:OGE)

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