Canada Pension Plan Investment Board Has $10.91 Million Stake in OGE Energy Corporation (OGE)

Canada Pension Plan Investment Board increased its stake in OGE Energy Corporation (NYSE:OGE) by 741.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 313,555 shares of the utilities provider’s stock after buying an additional 276,300 shares during the period. Canada Pension Plan Investment Board owned 0.16% of OGE Energy Corporation worth $10,909,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. BlackRock Inc. raised its stake in shares of OGE Energy Corporation by 3,734.0% in the first quarter. BlackRock Inc. now owns 21,620,533 shares of the utilities provider’s stock valued at $756,286,000 after buying an additional 21,056,622 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of OGE Energy Corporation by 5.4% in the first quarter. Vanguard Group Inc. now owns 17,531,492 shares of the utilities provider’s stock valued at $613,251,000 after buying an additional 902,185 shares in the last quarter. State Street Corp raised its stake in shares of OGE Energy Corporation by 8.6% in the first quarter. State Street Corp now owns 7,493,727 shares of the utilities provider’s stock valued at $262,117,000 after buying an additional 593,719 shares in the last quarter. First Trust Advisors LP raised its stake in shares of OGE Energy Corporation by 47.3% in the first quarter. First Trust Advisors LP now owns 1,611,162 shares of the utilities provider’s stock valued at $56,358,000 after buying an additional 517,524 shares in the last quarter. Finally, Morgan Stanley raised its stake in shares of OGE Energy Corporation by 44.6% in the first quarter. Morgan Stanley now owns 1,320,853 shares of the utilities provider’s stock valued at $46,203,000 after buying an additional 407,191 shares in the last quarter. 62.62% of the stock is currently owned by hedge funds and other institutional investors.

OGE Energy Corporation (NYSE OGE) opened at 35.39 on Friday. The firm has a market capitalization of $7.07 billion, a price-to-earnings ratio of 18.53 and a beta of 0.88. The stock’s 50 day moving average price is $35.26 and its 200-day moving average price is $35.17. OGE Energy Corporation has a one year low of $29.57 and a one year high of $37.40.

OGE Energy Corporation (NYSE:OGE) last announced its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $0.52 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.05. The business had revenue of $586.40 million for the quarter, compared to analyst estimates of $563 million. OGE Energy Corporation had a return on equity of 11.06% and a net margin of 16.50%. OGE Energy Corporation’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.35 EPS. On average, equities research analysts anticipate that OGE Energy Corporation will post $1.97 earnings per share for the current fiscal year.

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Several equities research analysts have weighed in on OGE shares. Jefferies Group LLC reaffirmed a “hold” rating and issued a $35.00 target price on shares of OGE Energy Corporation in a research report on Friday, May 5th. Goldman Sachs Group, Inc. (The) started coverage on OGE Energy Corporation in a research report on Thursday, July 20th. They issued a “neutral” rating and a $35.00 target price on the stock. Zacks Investment Research lowered OGE Energy Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, April 26th. BidaskClub raised OGE Energy Corporation from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Finally, Evercore ISI started coverage on OGE Energy Corporation in a research report on Monday, July 24th. They issued an “outperform” rating and a $37.00 target price on the stock. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. OGE Energy Corporation currently has an average rating of “Hold” and an average target price of $35.17.

In other OGE Energy Corporation news, Director Luke R. Corbett sold 1,250 shares of OGE Energy Corporation stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $36.31, for a total value of $45,387.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider H Scott Forbes sold 4,670 shares of OGE Energy Corporation stock in a transaction on Monday, August 7th. The shares were sold at an average price of $36.19, for a total value of $169,007.30. Following the completion of the transaction, the insider now owns 18,311 shares of the company’s stock, valued at approximately $662,675.09. The disclosure for this sale can be found here. Insiders own 0.48% of the company’s stock.

About OGE Energy Corporation

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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