Schwab Charles Investment Management Inc. increased its holdings in OGE Energy Corporation (NYSE:OGE) by 4.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 659,562 shares of the utilities provider’s stock after acquiring an additional 28,775 shares during the quarter. Schwab Charles Investment Management Inc. owned about 0.33% of OGE Energy Corporation worth $22,947,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Canada Pension Plan Investment Board lifted its stake in OGE Energy Corporation by 741.6% in the second quarter. Canada Pension Plan Investment Board now owns 313,555 shares of the utilities provider’s stock worth $10,909,000 after acquiring an additional 276,300 shares during the period. Rockland Trust Co. purchased a new stake in OGE Energy Corporation in the second quarter worth $1,033,000. IFP Advisors Inc lifted its stake in OGE Energy Corporation by 0.8% in the second quarter. IFP Advisors Inc now owns 10,694 shares of the utilities provider’s stock worth $372,000 after acquiring an additional 80 shares during the period. Mercer Capital Advisers Inc. lifted its stake in OGE Energy Corporation by 0.7% in the second quarter. Mercer Capital Advisers Inc. now owns 7,060 shares of the utilities provider’s stock worth $246,000 after acquiring an additional 47 shares during the period. Finally, Sei Investments Co. lifted its stake in OGE Energy Corporation by 0.6% in the second quarter. Sei Investments Co. now owns 265,094 shares of the utilities provider’s stock worth $9,223,000 after acquiring an additional 1,478 shares during the period. 62.54% of the stock is owned by institutional investors.

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OGE Energy Corporation (OGE) opened at 36.31 on Monday. The firm’s 50-day moving average price is $35.94 and its 200 day moving average price is $35.41. The stock has a market cap of $7.25 billion, a price-to-earnings ratio of 19.01 and a beta of 0.88. OGE Energy Corporation has a 12 month low of $29.57 and a 12 month high of $37.40.

OGE Energy Corporation (NYSE:OGE) last released its earnings results on Thursday, August 3rd. The utilities provider reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.05. The business had revenue of $586.40 million for the quarter, compared to the consensus estimate of $563.00 million. OGE Energy Corporation had a return on equity of 11.06% and a net margin of 16.50%. The business’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.35 earnings per share. On average, analysts anticipate that OGE Energy Corporation will post $1.97 earnings per share for the current year.

A number of analysts recently commented on the company. BidaskClub raised OGE Energy Corporation from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Goldman Sachs Group, Inc. (The) began coverage on OGE Energy Corporation in a research report on Thursday, July 20th. They set a “neutral” rating and a $35.00 price objective for the company. Zacks Investment Research raised OGE Energy Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, May 23rd. Jefferies Group LLC reissued a “hold” rating and set a $37.00 price objective (up previously from $35.00) on shares of OGE Energy Corporation in a research report on Wednesday, August 9th. Finally, Evercore ISI began coverage on OGE Energy Corporation in a research report on Monday, July 24th. They set an “outperform” rating and a $37.00 price objective for the company. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $35.17.

In other news, insider H Scott Forbes sold 4,670 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $36.19, for a total value of $169,007.30. Following the transaction, the insider now owns 18,311 shares in the company, valued at $662,675.09. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Luke R. Corbett sold 1,250 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $36.31, for a total value of $45,387.50. The disclosure for this sale can be found here. Company insiders own 0.48% of the company’s stock.

OGE Energy Corporation 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 primarily in the south central United States. The Company operates through two segments: electric utility and natural gas midstream operations. The electric utility segment generates, transmits, distributes and sells electric energy in Oklahoma and western Arkansas.

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

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