Corient Private Wealth LP Boosts Holdings in OGE Energy Corporation $OGE

Corient Private Wealth LP grew its holdings in shares of OGE Energy Corporation (NYSE:OGE) by 13.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 252,639 shares of the utilities provider’s stock after buying an additional 30,367 shares during the quarter. Corient Private Wealth LP owned 0.12% of OGE Energy worth $12,293,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in OGE. Root Financial Partners LLC raised its stake in OGE Energy by 111.3% during the 1st quarter. Root Financial Partners LLC now owns 598 shares of the utilities provider’s stock valued at $29,000 after acquiring an additional 315 shares in the last quarter. State of Wyoming acquired a new stake in OGE Energy in the second quarter worth approximately $34,000. Capital Advisors Ltd. LLC boosted its stake in OGE Energy by 14,780.0% during the 1st quarter. Capital Advisors Ltd. LLC now owns 744 shares of the utilities provider’s stock valued at $36,000 after purchasing an additional 739 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its position in shares of OGE Energy by 49.4% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 771 shares of the utilities provider’s stock valued at $36,000 after purchasing an additional 255 shares during the period. Finally, Clearstead Trust LLC acquired a new position in OGE Energy during the second quarter worth about $37,000. 71.84% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on OGE shares. Wall Street Zen upgraded shares of OGE Energy from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Morgan Stanley decreased their price target on shares of OGE Energy from $51.00 to $49.00 and set an “equal weight” rating on the stock in a research note on Friday, August 21st. BMO Capital Markets decreased their price target on OGE Energy from $50.00 to $49.00 and set a “market perform” rating on the stock in a research note on Wednesday, July 22nd. Weiss Ratings reiterated a “buy (b)” rating on shares of OGE Energy in a research note on Friday, July 31st. Finally, LADENBURG THALM/SH SH lifted their price objective on OGE Energy from $42.50 to $47.00 and gave the company a “neutral” rating in a report on Monday, May 11th. Four equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, OGE Energy presently has an average rating of “Hold” and a consensus price target of $49.60.

OGE Energy Trading Down 0.5%

Shares of NYSE:OGE opened at $45.78 on Friday. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.77 and a quick ratio of 0.47. The company’s 50-day moving average price is $47.93 and its two-hundred day moving average price is $47.75. OGE Energy Corporation has a one year low of $41.69 and a one year high of $50.59. The stock has a market capitalization of $9.46 billion, a PE ratio of 20.17, a price-to-earnings-growth ratio of 3.39 and a beta of 0.53.

OGE Energy (NYSE:OGE) last released its quarterly earnings data on Tuesday, July 28th. The utilities provider reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.01. OGE Energy had a net margin of 14.44% and a return on equity of 9.48%. The company had revenue of $711.90 million for the quarter, compared to analyst estimates of $782.73 million. During the same period in the previous year, the business earned $0.53 EPS. OGE Energy’s revenue for the quarter was down 4.0% compared to the same quarter last year. On average, equities analysts forecast that OGE Energy Corporation will post 2.42 EPS for the current fiscal year.

OGE Energy Profile

OGE Energy Corp. (NYSE:OGE) is an energy and infrastructure holding company headquartered in Oklahoma City, Oklahoma. Through its principal subsidiary, Oklahoma Gas & Electric Company, the company provides regulated electric service to residential, commercial and industrial customers across Oklahoma and western Arkansas. Its diversified generation mix includes coal, natural gas and wind-powered facilities, complemented by ongoing investments in grid modernization and smart technology to enhance reliability and customer satisfaction.

In addition to its core electric utility operations, OGE Energy Corp.