Quantitative Systematic Strategies LLC Makes New $964,000 Investment in OGE Energy Corp. (NYSE:OGE)

Quantitative Systematic Strategies LLC bought a new position in OGE Energy Corp. (NYSE:OGE) in the second quarter, according to the company in its most recent disclosure with the SEC. The fund bought 28,650 shares of the utilities provider’s stock, valued at approximately $964,000.

A number of other large investors also recently bought and sold shares of the business. BlackRock Inc. grew its position in OGE Energy by 1.4% in the 1st quarter. BlackRock Inc. now owns 28,958,253 shares of the utilities provider’s stock worth $937,089,000 after purchasing an additional 410,336 shares during the period. Thompson Siegel & Walmsley LLC grew its position in shares of OGE Energy by 0.4% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 3,651,824 shares of the utilities provider’s stock valued at $122,884,000 after acquiring an additional 16,077 shares during the period. Geode Capital Management LLC grew its position in shares of OGE Energy by 1.5% during the 1st quarter. Geode Capital Management LLC now owns 2,699,510 shares of the utilities provider’s stock valued at $87,254,000 after acquiring an additional 39,427 shares during the period. Artisan Partners Limited Partnership bought a new stake in shares of OGE Energy during the 1st quarter valued at $85,052,000. Finally, Northern Trust Corp grew its position in shares of OGE Energy by 3.2% during the 1st quarter. Northern Trust Corp now owns 2,118,560 shares of the utilities provider’s stock valued at $68,557,000 after acquiring an additional 64,881 shares during the period. 62.52% of the stock is owned by institutional investors and hedge funds.

OGE stock traded down $0.11 during mid-day trading on Monday, hitting $33.63. The company had a trading volume of 6,196 shares, compared to its average volume of 1,490,265. The company has a market capitalization of $6.73 billion, a price-to-earnings ratio of 17.01, a P/E/G ratio of 3.61 and a beta of 0.67. OGE Energy Corp. has a 12-month low of $28.25 and a 12-month high of $36.74. The company has a quick ratio of 0.35, a current ratio of 0.53 and a debt-to-equity ratio of 1.23. The company has a 50-day moving average price of $34.82 and a 200 day moving average price of $33.90.

OGE Energy (NYSE:OGE) last announced its quarterly earnings results on Thursday, August 5th. The utilities provider reported $0.56 EPS for the quarter, topping the consensus estimate of $0.52 by $0.04. The business had revenue of $577.40 million for the quarter, compared to analysts’ expectations of $545.36 million. OGE Energy had a net margin of 11.72% and a return on equity of 13.45%. The business’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.51 EPS. As a group, analysts expect that OGE Energy Corp. will post 2.18 EPS for the current year.

A number of equities research analysts have recently issued reports on the stock. TheStreet raised shares of OGE Energy from a “c” rating to a “b-” rating in a research report on Tuesday, September 7th. Bank of America raised shares of OGE Energy from a “neutral” rating to a “buy” rating and set a $38.00 target price for the company in a report on Friday, June 11th. Mizuho raised shares of OGE Energy from a “neutral” rating to a “buy” rating and upped their target price for the stock from $32.00 to $39.00 in a report on Thursday, August 12th. Finally, Barclays raised shares of OGE Energy from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $33.00 to $37.00 in a report on Tuesday, May 25th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, OGE Energy presently has a consensus rating of “Hold” and a consensus target price of $36.00.

In related news, Director David E. Rainbolt purchased 5,000 shares of the firm’s stock in a transaction on Monday, August 23rd. The shares were acquired at an average price of $35.80 per share, for a total transaction of $179,000.00. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.53% of the stock is owned by insiders.

OGE Energy Company Profile

OGE Energy Corp. is a holding company, which engages in the provision of physical delivery and related services for both electricity and natural gas. It operates through the Electric Utility and Natural Gas Midstream Operations segments. The Electric Utility segment generates, transmits, distributes, and sells electric energy in Oklahoma and Western Arkansas.

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

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