Commonwealth of Pennsylvania Public School Empls Retrmt SYS Cuts Position in OGE Energy Corporation (OGE)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS trimmed its position in shares of OGE Energy Corporation (NYSE:OGE) by 2.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 57,523 shares of the utilities provider’s stock after selling 1,262 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in OGE Energy Corporation were worth $2,001,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of OGE. State of Tennessee Treasury Department lifted its holdings in shares of OGE Energy Corporation by 63.5% during the second quarter. State of Tennessee Treasury Department now owns 180,300 shares of the utilities provider’s stock valued at $6,273,000 after purchasing an additional 70,000 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in shares of OGE Energy Corporation by 0.8% during the second quarter. Oppenheimer Asset Management Inc. now owns 173,074 shares of the utilities provider’s stock valued at $6,021,000 after purchasing an additional 1,346 shares during the last quarter. Swiss National Bank lifted its holdings in shares of OGE Energy Corporation by 2.8% during the second quarter. Swiss National Bank now owns 727,600 shares of the utilities provider’s stock valued at $25,313,000 after purchasing an additional 20,000 shares during the last quarter. Chicago Equity Partners LLC raised its holdings in OGE Energy Corporation by 42.0% in the 2nd quarter. Chicago Equity Partners LLC now owns 173,575 shares of the utilities provider’s stock worth $6,039,000 after acquiring an additional 51,375 shares during the last quarter. Finally, Commerce Bank raised its holdings in OGE Energy Corporation by 3.3% in the 2nd quarter. Commerce Bank now owns 28,004 shares of the utilities provider’s stock worth $975,000 after acquiring an additional 887 shares during the last quarter. 62.54% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts recently weighed in on OGE shares. BidaskClub lowered shares of OGE Energy Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Goldman Sachs Group, Inc. (The) started coverage on shares of OGE Energy Corporation in a report on Thursday, July 20th. They issued a “neutral” rating and a $35.00 price objective for the company. Jefferies Group LLC reiterated a “hold” rating and set a $35.00 target price on shares of OGE Energy Corporation in a research note on Friday, July 21st. Evercore ISI started coverage on shares of OGE Energy Corporation in a research note on Monday, July 24th. They set an “outperform” rating and a $37.00 target price for the company. Finally, Zacks Investment Research lowered shares of OGE Energy Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $35.17.

Shares of OGE Energy Corporation (NYSE OGE) opened at 35.84 on Friday. The company has a market cap of $7.16 billion, a P/E ratio of 18.76 and a beta of 0.88. The stock’s 50 day moving average is $35.97 and its 200-day moving average is $35.38. OGE Energy Corporation has a 12 month low of $29.57 and a 12 month high of $37.41.

OGE Energy Corporation (NYSE:OGE) last released its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $0.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.05. OGE Energy Corporation had a net margin of 16.50% and a return on equity of 11.06%. The company had revenue of $586.40 million for the quarter, compared to analysts’ expectations of $563.00 million. During the same period last year, the company earned $0.35 EPS. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. On average, equities analysts forecast that OGE Energy Corporation will post $1.97 EPS for the current year.

In related news, Director Luke R. Corbett sold 1,250 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $36.31, for a total value of $45,387.50. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider H Scott Forbes sold 4,670 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $36.19, for a total transaction of $169,007.30. Following the completion of the sale, the insider now directly owns 18,311 shares in the company, valued at $662,675.09. The disclosure for this sale can be found here. 0.48% of the stock is owned by company insiders.

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OGE Energy Corporation Profile

OGE Energy Corp. (OGE Energy) is an energy and energy services provider offering physical delivery and related services for both electricity and natural gas primarily in the south central United States. The Company operates through two segments: electric utility and natural gas midstream operations. The electric utility segment generates, transmits, distributes and sells electric energy in Oklahoma and western Arkansas.

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

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