OGE Energy Corporation $OGE Stock Position Raised by Geneos Wealth Management Inc.

Geneos Wealth Management Inc. lifted its stake in shares of OGE Energy Corporation (NYSE:OGE) by 14.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,006 shares of the utilities provider’s stock after acquiring an additional 1,116 shares during the quarter. Geneos Wealth Management Inc.’s holdings in OGE Energy were worth $414,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Alpine Bank Wealth Management bought a new stake in shares of OGE Energy during the 1st quarter worth $31,000. First Command Advisory Services Inc. bought a new stake in shares of OGE Energy during the 1st quarter worth $36,000. Clearstead Trust LLC bought a new stake in shares of OGE Energy during the 1st quarter worth $42,000. Brooklyn Investment Group boosted its stake in shares of OGE Energy by 725.5% during the 1st quarter. Brooklyn Investment Group now owns 908 shares of the utilities provider’s stock worth $42,000 after acquiring an additional 798 shares in the last quarter. Finally, Bessemer Group Inc. boosted its stake in shares of OGE Energy by 45.9% during the 1st quarter. Bessemer Group Inc. now owns 1,043 shares of the utilities provider’s stock worth $48,000 after acquiring an additional 328 shares in the last quarter. 71.84% of the stock is owned by institutional investors.

OGE Energy Price Performance

Shares of NYSE:OGE opened at $44.49 on Monday. The company has a current ratio of 0.78, a quick ratio of 0.48 and a debt-to-equity ratio of 1.16. OGE Energy Corporation has a 1 year low of $39.10 and a 1 year high of $46.91. The business has a fifty day simple moving average of $44.79 and a 200 day simple moving average of $44.58. The firm has a market cap of $8.96 billion, a price-to-earnings ratio of 18.23, a P/E/G ratio of 3.09 and a beta of 0.60.

OGE Energy (NYSE:OGE) last announced its quarterly earnings data on Tuesday, July 29th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.05). OGE Energy had a return on equity of 10.60% and a net margin of 15.27%.The firm had revenue of $741.60 million for the quarter, compared to analysts’ expectations of $719.97 million. During the same quarter in the prior year, the business posted $0.51 earnings per share. OGE Energy’s revenue was up 11.9% on a year-over-year basis. As a group, sell-side analysts predict that OGE Energy Corporation will post 2.27 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

OGE has been the subject of several research reports. Wall Street Zen raised OGE Energy from a “sell” rating to a “hold” rating in a research note on Sunday, September 7th. Barclays raised OGE Energy from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $45.00 to $47.00 in a research report on Thursday, June 5th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, OGE Energy currently has a consensus rating of “Moderate Buy” and an average price target of $46.80.

About OGE Energy

OGE Energy Corp., together with its subsidiaries, operates as an energy services provider in the United States. The company generates, transmits, distributes, and sells electric energy. In addition, it provides retail electric service to approximately 896,000 customers, which covers a service area of approximately 30,000 square miles in Oklahoma and western Arkansas; and owns and operates coal-fired, natural gas-fired, wind-powered, and solar-powered generating assets.