OGE Energy Corp. (NYSE:OGE) Shares Sold by Mesirow Institutional Investment Management Inc.

Mesirow Institutional Investment Management Inc. lessened its position in shares of OGE Energy Corp. (NYSE:OGE) by 25.9% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 243,753 shares of the utilities provider’s stock after selling 85,414 shares during the quarter. Mesirow Institutional Investment Management Inc. owned approximately 0.12% of OGE Energy worth $8,702,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. EverSource Wealth Advisors LLC raised its position in OGE Energy by 178.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 762 shares of the utilities provider’s stock worth $27,000 after acquiring an additional 488 shares during the last quarter. Pinnacle Bancorp Inc. raised its position in shares of OGE Energy by 392.8% during the 1st quarter. Pinnacle Bancorp Inc. now owns 823 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 656 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of OGE Energy during the 2nd quarter worth approximately $35,000. Voisard Asset Management Group Inc. purchased a new stake in OGE Energy in the 4th quarter valued at approximately $36,000. Finally, Advantage Trust Co acquired a new stake in OGE Energy during the 4th quarter valued at $49,000. 71.84% of the stock is currently owned by hedge funds and other institutional investors.

OGE Energy Stock Up 0.4 %

OGE opened at $39.71 on Wednesday. OGE Energy Corp. has a 12 month low of $31.25 and a 12 month high of $40.36. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.71 and a quick ratio of 0.36. The business has a 50-day moving average of $37.93 and a two-hundred day moving average of $35.78. The stock has a market capitalization of $7.98 billion, a price-to-earnings ratio of 20.16, a price-to-earnings-growth ratio of 3.71 and a beta of 0.74.

OGE Energy (NYSE:OGE) last announced its quarterly earnings data on Wednesday, August 7th. The utilities provider reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.05. OGE Energy had a net margin of 14.83% and a return on equity of 9.15%. The company had revenue of $662.60 million during the quarter, compared to analysts’ expectations of $837.51 million. During the same period in the previous year, the company earned $0.44 EPS. The business’s quarterly revenue was up 9.5% compared to the same quarter last year. On average, research analysts expect that OGE Energy Corp. will post 2.14 earnings per share for the current year.

Analyst Ratings Changes

OGE has been the subject of a number of analyst reports. Evercore ISI boosted their price target on OGE Energy from $36.00 to $40.00 and gave the stock an “in-line” rating in a report on Thursday, August 8th. Barclays boosted their target price on shares of OGE Energy from $36.00 to $39.00 and gave the company an “equal weight” rating in a research note on Monday, August 12th. Finally, Argus cut shares of OGE Energy from a “buy” rating to a “hold” rating in a research note on Thursday, May 23rd. Seven investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, OGE Energy has an average rating of “Hold” and an average price target of $35.33.

OGE Energy Profile

OGE Energy Corp., together with its subsidiaries, operates as an energy services provider in the United States. The company generates, transmits, distributes, and sells electric energy. In addition, it provides retail electric service to approximately 896,000 customers, which covers a service area of approximately 30,000 square miles in Oklahoma and western Arkansas; and owns and operates coal-fired, natural gas-fired, wind-powered, and solar-powered generating assets.