OGE Energy Corporation $OGE Shares Purchased by IFM Investors Pty Ltd

IFM Investors Pty Ltd increased its position in shares of OGE Energy Corporation (NYSE:OGE) by 2.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,515 shares of the utilities provider’s stock after acquiring an additional 280 shares during the period. IFM Investors Pty Ltd’s holdings in OGE Energy were worth $644,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in OGE. Natixis Advisors LLC increased its holdings in shares of OGE Energy by 0.3% in the first quarter. Natixis Advisors LLC now owns 71,892 shares of the utilities provider’s stock valued at $3,304,000 after buying an additional 250 shares in the last quarter. Xponance Inc. boosted its position in shares of OGE Energy by 1.2% in the 1st quarter. Xponance Inc. now owns 23,068 shares of the utilities provider’s stock valued at $1,060,000 after purchasing an additional 283 shares during the period. Parallel Advisors LLC boosted its position in shares of OGE Energy by 3.2% in the 2nd quarter. Parallel Advisors LLC now owns 9,304 shares of the utilities provider’s stock valued at $413,000 after purchasing an additional 289 shares during the period. Tompkins Financial Corp boosted its position in shares of OGE Energy by 42.9% in the 2nd quarter. Tompkins Financial Corp now owns 1,000 shares of the utilities provider’s stock valued at $44,000 after purchasing an additional 300 shares during the period. Finally, Envestnet Portfolio Solutions Inc. lifted its stake in OGE Energy by 6.2% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 5,241 shares of the utilities provider’s stock valued at $241,000 after buying an additional 307 shares in the last quarter. Institutional investors own 71.84% of the company’s stock.

OGE Energy Stock Performance

NYSE:OGE opened at $44.72 on Wednesday. The firm has a 50 day moving average of $44.79 and a 200-day moving average of $44.54. OGE Energy Corporation has a 1 year low of $39.10 and a 1 year high of $46.91. The stock has a market capitalization of $9.01 billion, a P/E ratio of 18.33, a price-to-earnings-growth ratio of 3.08 and a beta of 0.60. 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 (NYSE:OGE) last posted its quarterly earnings data on Tuesday, July 29th. The utilities provider reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.05). The company had revenue of $741.60 million during the quarter, compared to analyst estimates of $719.97 million. OGE Energy had a net margin of 15.27% and a return on equity of 10.60%. The company’s revenue was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.51 EPS. As a group, sell-side analysts anticipate that OGE Energy Corporation will post 2.27 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on OGE. Barclays upgraded shares of OGE Energy from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $45.00 to $47.00 in a report on Thursday, June 5th. Wall Street Zen raised OGE Energy from a “sell” rating to a “hold” rating in a research report on Sunday, September 7th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, OGE Energy currently has an average rating of “Moderate Buy” and a consensus price target of $47.00.

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.