Parametric Portfolio Associates LLC Lowers Stock Position in OGE Energy Corp. (NYSE:OGE)

Parametric Portfolio Associates LLC cut its stake in shares of OGE Energy Corp. (NYSE:OGE) by 16.0% in the third quarter, HoldingsChannel reports. The fund owned 663,093 shares of the utilities provider’s stock after selling 126,683 shares during the period. Parametric Portfolio Associates LLC’s holdings in OGE Energy were worth $30,091,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in OGE. TRUE Private Wealth Advisors purchased a new position in OGE Energy in the 2nd quarter worth approximately $25,000. Captrust Financial Advisors bought a new stake in shares of OGE Energy during the second quarter valued at approximately $25,000. Private Capital Group LLC lifted its holdings in shares of OGE Energy by 67.6% in the second quarter. Private Capital Group LLC now owns 761 shares of the utilities provider’s stock worth $27,000 after buying an additional 307 shares in the last quarter. Advisory Services Network LLC lifted its holdings in shares of OGE Energy by 262.9% in the second quarter. Advisory Services Network LLC now owns 646 shares of the utilities provider’s stock worth $28,000 after buying an additional 468 shares in the last quarter. Finally, Redhawk Wealth Advisors Inc. purchased a new position in shares of OGE Energy in the second quarter worth $43,000. 65.60% of the stock is owned by institutional investors.

OGE has been the subject of several research analyst reports. UBS Group cut their target price on shares of OGE Energy from $45.00 to $43.00 and set a “neutral” rating for the company in a research note on Tuesday, November 26th. Zacks Investment Research upgraded OGE Energy from a “sell” rating to a “hold” rating and set a $48.00 price objective for the company in a research report on Monday, September 23rd. Bank of America raised OGE Energy from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $44.00 to $46.00 in a report on Friday, September 6th. Mizuho boosted their target price on OGE Energy from $43.50 to $45.00 and gave the stock a “neutral” rating in a research report on Friday, September 20th. Finally, Evercore ISI reissued a “hold” rating and set a $42.00 price target on shares of OGE Energy in a research note on Monday. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $43.50.

Shares of NYSE:OGE opened at $42.11 on Wednesday. OGE Energy Corp. has a 12-month low of $37.67 and a 12-month high of $45.77. The business’s fifty day simple moving average is $42.72 and its 200-day simple moving average is $43.11. The company has a market capitalization of $8.42 billion, a PE ratio of 19.86, a P/E/G ratio of 4.12 and a beta of 0.47. The company has a current ratio of 0.79, a quick ratio of 0.59 and a debt-to-equity ratio of 0.76.

OGE Energy (NYSE:OGE) last issued its quarterly earnings data on Thursday, November 7th. The utilities provider reported $1.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.14. OGE Energy had a return on equity of 11.20% and a net margin of 19.94%. The firm had revenue of $755.40 million during the quarter, compared to analysts’ expectations of $728.22 million. During the same period in the prior year, the business posted $1.02 EPS. The firm’s quarterly revenue was up 8.1% on a year-over-year basis. Research analysts predict that OGE Energy Corp. will post 2.27 EPS for the current year.

About OGE Energy

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