State of Alaska Department of Revenue increased its holdings in OGE Energy Corp. (NYSE:OGE – Get Rating) by 182.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 251,004 shares of the utilities provider's stock after acquiring an additional 162,178 shares during the period. State of Alaska Department of Revenue owned about 0.13% of OGE Energy worth $9,677,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. Johnson Financial Group Inc. grew its holdings in shares of OGE Energy by 2,083.3% in the fourth quarter. Johnson Financial Group Inc. now owns 655 shares of the utilities provider's stock valued at $25,000 after acquiring an additional 625 shares in the last quarter. James Reed Financial Services Inc. bought a new position in OGE Energy during the fourth quarter valued at $25,000. Daiwa Securities Group Inc. grew its holdings in OGE Energy by 60.0% during the first quarter. Daiwa Securities Group Inc. now owns 800 shares of the utilities provider's stock valued at $33,000 after purchasing an additional 300 shares during the period. Jones Financial Companies Lllp grew its holdings in OGE Energy by 64.8% during the first quarter. Jones Financial Companies Lllp now owns 977 shares of the utilities provider's stock valued at $40,000 after purchasing an additional 384 shares during the period. Finally, Bivin & Associates Inc. bought a new position in OGE Energy during the fourth quarter valued at $43,000. 67.99% of the stock is owned by institutional investors.
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NYSE:OGE opened at $40.91 on Monday. The company has a market cap of $8.19 billion, a P/E ratio of 8.89, a P/E/G ratio of 5.48 and a beta of 0.67. The stock's fifty day moving average price is $40.71 and its two-hundred day moving average price is $39.96. OGE Energy Corp. has a 1 year low of $32.49 and a 1 year high of $42.91. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.80 and a quick ratio of 0.70.
OGE Energy (NYSE:OGE – Get Rating) last posted its earnings results on Thursday, August 4th. The utilities provider reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.07). The company had revenue of $791.00 million for the quarter, compared to analysts' expectations of $607.65 million. OGE Energy had a return on equity of 16.09% and a net margin of 32.56%. The company's revenue was up 37.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.56 EPS. As a group, analysts expect that OGE Energy Corp. will post 2.15 EPS for the current year.Analyst Ratings Changes
Several equities analysts have weighed in on the company. TheStreet raised OGE Energy from a "c+" rating to a "b" rating in a report on Monday, August 22nd. Barclays reduced their price objective on OGE Energy from $44.00 to $41.00 and set an "equal weight" rating for the company in a report on Monday, July 18th. Finally, Mizuho increased their price objective on OGE Energy from $39.00 to $42.00 and gave the company a "neutral" rating in a report on Friday, September 9th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $41.25.
About OGE Energy
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OGE Energy Corp., together with its subsidiaries, operates as an energy and energy services provider that offers physical delivery and related services for electricity, natural gas, crude oil, and natural gas liquids in the United States. The company generates, transmits, distributes, and sells electric energy.
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