NumerixS Investment Technologies Inc cut its holdings in shares of OGE Energy Corp. (NYSE:OGE) by 20.2% during the second quarter, Holdings Channel reports. The fund owned 8,300 shares of the utilities provider’s stock after selling 2,100 shares during the period. NumerixS Investment Technologies Inc’s holdings in OGE Energy were worth $291,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in OGE. BlackRock Inc. grew its position in OGE Energy by 9.0% during the 1st quarter. BlackRock Inc. now owns 23,784,701 shares of the utilities provider’s stock worth $779,426,000 after acquiring an additional 1,963,744 shares during the last quarter. Zimmer Partners LP lifted its holdings in OGE Energy by 90.4% during the 1st quarter. Zimmer Partners LP now owns 1,190,000 shares of the utilities provider’s stock worth $38,996,000 after buying an additional 565,000 shares in the last quarter. Canada Pension Plan Investment Board lifted its holdings in OGE Energy by 75.8% during the 2nd quarter. Canada Pension Plan Investment Board now owns 1,187,578 shares of the utilities provider’s stock worth $41,815,000 after buying an additional 511,866 shares in the last quarter. WBI Investments Inc. acquired a new position in OGE Energy during the 2nd quarter worth $17,826,000. Finally, SG Americas Securities LLC lifted its holdings in OGE Energy by 935.7% during the 2nd quarter. SG Americas Securities LLC now owns 560,283 shares of the utilities provider’s stock worth $19,728,000 after buying an additional 506,186 shares in the last quarter. Institutional investors and hedge funds own 61.55% of the company’s stock.

NYSE:OGE opened at $37.50 on Friday. OGE Energy Corp. has a 52-week low of $29.59 and a 52-week high of $37.69. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.28 and a current ratio of 0.45. The firm has a market cap of $7.45 billion, a price-to-earnings ratio of 18.27, a PEG ratio of 3.79 and a beta of 0.63.

OGE Energy (NYSE:OGE) last posted its quarterly earnings data on Thursday, August 9th. The utilities provider reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.02). The firm had revenue of $567.00 million for the quarter, compared to analyst estimates of $592.64 million. OGE Energy had a return on equity of 10.74% and a net margin of 28.26%. The firm’s quarterly revenue was down 3.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.52 EPS. analysts expect that OGE Energy Corp. will post 2.04 earnings per share for the current year.

OGE has been the topic of several research reports. Zacks Investment Research raised OGE Energy from a “sell” rating to a “hold” rating in a report on Friday, July 20th. UBS Group upped their price objective on OGE Energy from $35.00 to $37.00 and gave the stock a “neutral” rating in a report on Friday, August 10th. Goldman Sachs Group downgraded OGE Energy from a “buy” rating to a “neutral” rating in a report on Sunday, June 24th. They noted that the move was a valuation call. ValuEngine raised OGE Energy from a “sell” rating to a “hold” rating in a report on Tuesday, June 26th. Finally, Bank of America upped their price objective on OGE Energy from $36.00 to $37.00 and gave the stock a “buy” rating in a report on Tuesday, June 19th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $36.83.

In other news, VP Patricia D. Horn sold 3,715 shares of the stock in a transaction on Thursday, August 9th. The stock was sold at an average price of $37.00, for a total value of $137,455.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Jerry A. Peace sold 2,513 shares of the stock in a transaction on Tuesday, August 14th. The shares were sold at an average price of $36.71, for a total value of $92,252.23. Following the completion of the transaction, the vice president now directly owns 11,125 shares in the company, valued at approximately $408,398.75. The disclosure for this sale can be found here. Corporate insiders own 0.44% of the company’s stock.

OGE Energy Profile

OGE Energy Corp., together with its subsidiaries, operates as an energy and energy services provider that offers physical delivery and related services for electricity and natural gas primarily in the south central United States. The company operates in two segments, Electric Utility and Natural Gas Midstream Operations.

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Institutional Ownership by Quarter for OGE Energy (NYSE:OGE)

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