OGE Energy Corp. (OGE) Position Trimmed by Prudential Financial Inc.

Prudential Financial Inc. decreased its holdings in shares of OGE Energy Corp. (NYSE:OGE) by 10.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 316,939 shares of the utilities provider’s stock after selling 38,611 shares during the quarter. Prudential Financial Inc. owned approximately 0.16% of OGE Energy worth $11,512,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the stock. Verition Fund Management LLC increased its holdings in shares of OGE Energy by 11.3% in the second quarter. Verition Fund Management LLC now owns 13,391 shares of the utilities provider’s stock valued at $471,000 after purchasing an additional 1,364 shares during the period. Twin Capital Management Inc. increased its holdings in shares of OGE Energy by 1.1% in the second quarter. Twin Capital Management Inc. now owns 146,140 shares of the utilities provider’s stock valued at $5,146,000 after purchasing an additional 1,590 shares during the period. Glen Harbor Capital Management LLC increased its holdings in shares of OGE Energy by 8.0% in the second quarter. Glen Harbor Capital Management LLC now owns 21,648 shares of the utilities provider’s stock valued at $762,000 after purchasing an additional 1,606 shares during the period. Chicago Equity Partners LLC increased its holdings in shares of OGE Energy by 5.8% in the second quarter. Chicago Equity Partners LLC now owns 30,500 shares of the utilities provider’s stock valued at $1,074,000 after purchasing an additional 1,670 shares during the period. Finally, IFM Investors Pty Ltd increased its holdings in shares of OGE Energy by 18.1% in the third quarter. IFM Investors Pty Ltd now owns 11,309 shares of the utilities provider’s stock valued at $411,000 after purchasing an additional 1,731 shares during the period. Hedge funds and other institutional investors own 62.51% of the company’s stock.

A number of research analysts have recently issued reports on the company. Bank of America lowered OGE Energy from a “buy” rating to a “neutral” rating and set a $39.00 target price on the stock. in a report on Tuesday, November 27th. They noted that the move was a valuation call. Barclays set a $37.00 price objective on OGE Energy and gave the stock a “sell” rating in a report on Saturday, November 17th. ValuEngine raised OGE Energy from a “hold” rating to a “buy” rating in a report on Tuesday, November 13th. Finally, UBS Group upped their price objective on OGE Energy from $35.00 to $37.00 and gave the stock a “neutral” rating in a report on Friday, August 10th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $37.00.

In other news, VP Cristina F. Mcquistion sold 4,000 shares of the company’s stock in a transaction on Monday, November 12th. The stock was sold at an average price of $38.53, for a total value of $154,120.00. Following the sale, the vice president now directly owns 7,335 shares in the company, valued at $282,617.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Frank A. Bozich acquired 10,000 shares of OGE Energy stock in a transaction dated Wednesday, November 14th. The stock was bought at an average price of $38.99 per share, for a total transaction of $389,900.00. Following the completion of the transaction, the director now directly owns 15,000 shares of the company’s stock, valued at $584,850. The disclosure for this purchase can be found here. 0.44% of the stock is owned by corporate insiders.

Shares of NYSE:OGE opened at $39.92 on Tuesday. The company has a current ratio of 0.76, a quick ratio of 0.53 and a debt-to-equity ratio of 0.72. OGE Energy Corp. has a 52-week low of $29.59 and a 52-week high of $39.97. The firm has a market capitalization of $7.91 billion, a PE ratio of 20.79, a P/E/G ratio of 3.69 and a beta of 0.59.

OGE Energy (NYSE:OGE) last issued its quarterly earnings data on Thursday, November 8th. The utilities provider reported $1.02 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.94 by $0.08. OGE Energy had a return on equity of 11.01% and a net margin of 29.45%. The business had revenue of $698.80 million for the quarter, compared to the consensus estimate of $745.58 million. During the same period in the prior year, the business earned $0.92 earnings per share. The business’s revenue was down 2.8% on a year-over-year basis. On average, equities analysts anticipate that OGE Energy Corp. will post 2.08 EPS for the current fiscal year.

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OGE Energy Profile

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