Twin Capital Management Inc. Sells 16,470 Shares of OGE Energy Corp. (NYSE:OGE)

Twin Capital Management Inc. reduced its position in OGE Energy Corp. (NYSE:OGE) by 7.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 194,570 shares of the utilities provider’s stock after selling 16,470 shares during the quarter. Twin Capital Management Inc. owned 0.10% of OGE Energy worth $8,281,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. TRUE Private Wealth Advisors bought a new position in OGE Energy in the second quarter worth about $25,000. DekaBank Deutsche Girozentrale raised its holdings in OGE Energy by 51.2% in the second quarter. DekaBank Deutsche Girozentrale now owns 166,673 shares of the utilities provider’s stock worth $7,055,000 after purchasing an additional 56,430 shares in the last quarter. Advisory Services Network LLC raised its holdings in 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 purchasing an additional 468 shares in the last quarter. Wedge Capital Management L L P NC raised its holdings in OGE Energy by 4.5% in the second quarter. Wedge Capital Management L L P NC now owns 296,167 shares of the utilities provider’s stock worth $12,605,000 after purchasing an additional 12,753 shares in the last quarter. Finally, TD Asset Management Inc. raised its holdings in OGE Energy by 128.6% in the second quarter. TD Asset Management Inc. now owns 150,292 shares of the utilities provider’s stock worth $6,396,000 after purchasing an additional 84,551 shares in the last quarter. Hedge funds and other institutional investors own 68.69% of the company’s stock.

NYSE OGE traded up $0.21 during trading hours on Thursday, reaching $42.70. The stock had a trading volume of 37,586 shares, compared to its average volume of 962,854. The company’s fifty day moving average is $42.91. The stock has a market cap of $8.55 billion, a PE ratio of 20.14, a P/E/G ratio of 4.56 and a beta of 0.49. OGE Energy Corp. has a 52-week low of $35.29 and a 52-week high of $44.40. The company has a current ratio of 0.51, a quick ratio of 0.33 and a debt-to-equity ratio of 0.73.



OGE Energy (NYSE:OGE) last released its quarterly earnings data on Thursday, August 8th. The utilities provider reported $0.50 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by ($0.01). OGE Energy had a return on equity of 10.17% and a net margin of 18.39%. The company had revenue of $513.70 million during the quarter, compared to analysts’ expectations of $589.82 million. During the same quarter in the prior year, the company posted $0.55 EPS. The company’s revenue for the quarter was down 9.4% on a year-over-year basis. On average, equities analysts forecast that OGE Energy Corp. will post 2.14 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 30th. Shareholders of record on Wednesday, July 10th were given a $0.365 dividend. The ex-dividend date was Tuesday, July 9th. This represents a $1.46 annualized dividend and a yield of 3.42%. OGE Energy’s dividend payout ratio is presently 68.87%.

A number of equities analysts have commented on OGE shares. Evercore ISI reiterated a “hold” rating and issued a $39.00 target price on shares of OGE Energy in a report on Sunday. Mizuho started coverage on shares of OGE Energy in a report on Monday, June 17th. They issued a “neutral” rating and a $43.50 target price for the company. ValuEngine downgraded shares of OGE Energy from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Finally, Zacks Investment Research downgraded shares of OGE Energy from a “buy” rating to a “hold” rating in a report on Monday, May 6th. Two investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. OGE Energy has an average rating of “Hold” and an average price target of $40.25.

OGE Energy Profile

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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