Wedge Capital Management L L P NC Purchases 12,753 Shares of OGE Energy Corp. (NYSE:OGE)

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Wedge Capital Management L L P NC grew its position in OGE Energy Corp. (NYSE:OGE) by 4.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 296,167 shares of the utilities provider’s stock after purchasing an additional 12,753 shares during the quarter. Wedge Capital Management L L P NC’s holdings in OGE Energy were worth $12,605,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. 6 Meridian boosted its position in shares of OGE Energy by 2.1% in the second quarter. 6 Meridian now owns 12,104 shares of the utilities provider’s stock worth $515,000 after purchasing an additional 254 shares during the period. Financial Counselors Inc. boosted its position in shares of OGE Energy by 2.3% during the first quarter. Financial Counselors Inc. now owns 13,200 shares of the utilities provider’s stock worth $569,000 after acquiring an additional 300 shares during the last quarter. Cetera Advisor Networks LLC boosted its position in shares of OGE Energy by 3.4% during the first quarter. Cetera Advisor Networks LLC now owns 9,339 shares of the utilities provider’s stock worth $404,000 after acquiring an additional 311 shares during the last quarter. Berman Capital Advisors LLC boosted its position in shares of OGE Energy by 108.1% during the first quarter. Berman Capital Advisors LLC now owns 616 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 320 shares during the last quarter. Finally, State of Alaska Department of Revenue boosted its position in shares of OGE Energy by 1.6% during the first quarter. State of Alaska Department of Revenue now owns 21,515 shares of the utilities provider’s stock worth $927,000 after acquiring an additional 330 shares during the last quarter. Institutional investors and hedge funds own 68.69% of the company’s stock.

OGE stock traded up $0.20 during trading on Thursday, hitting $42.69. 18,268 shares of the company’s stock traded hands, compared to its average volume of 962,854. OGE Energy Corp. has a 52 week low of $35.29 and a 52 week high of $44.40. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.51 and a quick ratio of 0.33. The firm has a fifty day simple moving average of $42.91. The firm has a market capitalization of $8.55 billion, a PE ratio of 20.23, a price-to-earnings-growth ratio of 4.56 and a beta of 0.49.

OGE Energy (NYSE:OGE) last released its quarterly earnings data on Thursday, August 8th. The utilities provider reported $0.50 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by ($0.01). OGE Energy had a net margin of 18.39% and a return on equity of 10.17%. The business had revenue of $513.70 million for the quarter, compared to the consensus estimate of $589.82 million. During the same quarter last year, the business earned $0.55 EPS. OGE Energy’s revenue for the quarter was down 9.4% compared to the same quarter last year. As a group, analysts expect that OGE Energy Corp. will post 2.14 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 30th. Shareholders of record on Wednesday, July 10th were given a dividend of $0.365 per share. The ex-dividend date was Tuesday, July 9th. This represents a $1.46 annualized dividend and a yield of 3.42%. OGE Energy’s dividend payout ratio (DPR) is currently 68.87%.

A number of equities analysts recently weighed in on OGE shares. Zacks Investment Research lowered shares of OGE Energy from a “buy” rating to a “hold” rating in a research report on Monday, May 6th. ValuEngine lowered shares of OGE Energy from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Evercore ISI restated a “hold” rating and set a $39.00 target price on shares of OGE Energy in a research report on Sunday. Finally, Mizuho started coverage on shares of OGE Energy in a research report on Monday, June 17th. They set a “neutral” rating and a $43.50 target price for the company. Two research analysts have rated the stock with a sell rating and seven have given a hold rating to the company. OGE Energy has a consensus rating of “Hold” and an average price target of $40.25.

OGE Energy Company Profile

OGE Energy Corp., together with its subsidiaries, operates as an energy and energy services provider that provides physical delivery and related services for electricity and natural gas primarily in the south central United States. It 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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