Glen Harbor Capital Management LLC Boosts Position in OGE Energy Corp. (OGE)
Glen Harbor Capital Management LLC lifted its position in shares of OGE Energy Corp. (NYSE:OGE) by 8.0% during the 2nd quarter, HoldingsChannel reports. The fund owned 21,648 shares of the utilities provider’s stock after acquiring an additional 1,606 shares during the quarter. Glen Harbor Capital Management LLC’s holdings in OGE Energy were worth $762,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently bought and sold shares of the company. Winslow Evans & Crocker Inc. acquired a new stake in shares of OGE Energy during the 2nd quarter valued at approximately $100,000. Sigma Planning Corp acquired a new stake in shares of OGE Energy during the 2nd quarter valued at approximately $205,000. BerganKDV Wealth Management LLC acquired a new stake in shares of OGE Energy during the 2nd quarter valued at approximately $213,000. Ostrum Asset Management acquired a new stake in shares of OGE Energy during the 1st quarter valued at approximately $224,000. Finally, IFM Investors Pty Ltd acquired a new stake in shares of OGE Energy during the 1st quarter valued at approximately $254,000. 61.54% of the stock is currently owned by institutional investors and hedge funds.
In related news, VP Patricia D. Horn sold 3,715 shares of the company’s stock in a transaction on Thursday, August 9th. The stock was sold at an average price of $37.00, for a total transaction of $137,455.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Jerry A. Peace sold 2,513 shares of the company’s stock in a transaction on Tuesday, August 14th. The stock was sold at an average price of $36.71, for a total value of $92,252.23. Following the transaction, the vice president now owns 11,125 shares of the company’s stock, valued at $408,398.75. The disclosure for this sale can be found here. 0.44% of the stock is owned by corporate insiders.
Shares of OGE opened at $37.39 on Friday. The firm has a market cap of $7.43 billion, a P/E ratio of 19.47, a P/E/G ratio of 3.78 and a beta of 0.63. The company has a quick ratio of 0.28, a current ratio of 0.45 and a debt-to-equity ratio of 0.64. OGE Energy Corp. has a 12 month low of $29.59 and a 12 month high of $37.74.
OGE Energy (NYSE:OGE) last issued its quarterly earnings data on Thursday, August 9th. The utilities provider reported $0.55 EPS for the quarter, missing the Zacks’ consensus estimate of $0.57 by ($0.02). The company had revenue of $567.00 million for the quarter, compared to the consensus estimate of $592.64 million. OGE Energy had a return on equity of 10.74% and a net margin of 28.26%. OGE Energy’s quarterly revenue was down 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.52 earnings per share. equities analysts forecast that OGE Energy Corp. will post 2.04 earnings per share for the current fiscal year.
OGE Energy Company 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.
Further Reading: Book Value Per Share in Stock Trading
Want to see what other hedge funds are holding OGE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for OGE Energy Corp. (NYSE:OGE).
Receive News & Ratings for OGE Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for OGE Energy and related companies with MarketBeat.com's FREE daily email newsletter.