PNC Financial Services Group Inc. decreased its position in OGE Energy Corp. (NYSE:OGE) by 1.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 733,340 shares of the company’s stock after selling 9,863 shares during the period. PNC Financial Services Group Inc. owned about 0.37% of OGE Energy Corp. worth $23,187,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Shell Asset Management Co. increased its stake in OGE Energy Corp. by 12.2% in the third quarter. Shell Asset Management Co. now owns 8,988 shares of the company’s stock worth $284,000 after buying an additional 979 shares during the period. Kleinwort Benson Investors Dublin Ltd acquired a new stake in OGE Energy Corp. during the second quarter worth $76,879,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new stake in OGE Energy Corp. during the second quarter worth $531,000. GW Henssler & Associates Ltd. increased its stake in OGE Energy Corp. by 3.6% in the second quarter. GW Henssler & Associates Ltd. now owns 377,918 shares of the company’s stock worth $12,377,000 after buying an additional 13,177 shares during the period. Finally, Vanguard Group Inc. increased its stake in OGE Energy Corp. by 4.4% in the second quarter. Vanguard Group Inc. now owns 15,805,264 shares of the company’s stock worth $517,623,000 after buying an additional 671,702 shares during the period. 65.56% of the stock is owned by institutional investors and hedge funds.

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

OGE Energy Corp. (NYSE:OGE) traded up 0.90% on Tuesday, hitting $32.36. 174,257 shares of the stock traded hands. The company has a market cap of $6.46 billion, a price-to-earnings ratio of 20.88 and a beta of 0.63. OGE Energy Corp. has a 1-year low of $23.37 and a 1-year high of $33.10. The stock has a 50-day moving average price of $30.73 and a 200 day moving average price of $31.19.

OGE Energy Corp. (NYSE:OGE) last posted its quarterly earnings results on Thursday, November 3rd. The company reported $0.92 earnings per share for the quarter, missing analysts’ consensus estimates of $0.93 by $0.01. OGE Energy Corp. had a net margin of 14.24% and a return on equity of 9.25%. The company earned $743.90 million during the quarter. During the same quarter in the prior year, the firm posted $0.55 EPS. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. On average, analysts anticipate that OGE Energy Corp. will post $1.76 EPS for the current fiscal year.

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A number of equities research analysts recently weighed in on OGE shares. TheStreet raised shares of OGE Energy Corp. from a “hold” rating to a “buy” rating in a research note on Tuesday, September 6th. Zacks Investment Research upgraded shares of OGE Energy Corp. from a “hold” rating to a “buy” rating and set a $35.00 price objective for the company in a report on Tuesday, October 4th. Jefferies Group restated a “hold” rating and set a $31.50 price objective on shares of OGE Energy Corp. in a report on Friday, November 4th. Finally, Guggenheim started coverage on shares of OGE Energy Corp. in a report on Thursday, November 3rd. They set a “buy” rating and a $33.00 price objective for the company. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $30.92.

In related news, insider H Scott Forbes sold 4,959 shares of the firm’s stock in a transaction that occurred on Thursday, September 8th. The shares were sold at an average price of $32.12, for a total value of $159,283.08. Following the completion of the transaction, the insider now owns 22,241 shares in the company, valued at approximately $714,380.92. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 0.75% of the stock is currently owned by corporate insiders.

OGE Energy Corp. Company Profile

OGE Energy Corp. (OGE Energy) is an energy and energy services provider offering physical delivery and related services for both electricity and natural gas in the south central United States. The Company operates through two business segments: electric utility and natural gas midstream operations. The electric utility segment generates, transmits, distributes and sells electric energy in Oklahoma and western Arkansas.

5 Day Chart for NYSE:OGE

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