Financiere des Professionnels Fonds d investissement inc. Takes $427,000 Position in OGE Energy Corporation $OGE

Key Points

• Financiere des Professionnels Fonds d’investissement inc. acquired 9,621 shares of OGE Energy Corporation, valued at approximately $427,000, during the second quarter.
• OGE Energy reported a missed earnings estimate in its latest quarterly earnings, posting $0.53 EPS against a consensus of $0.58, although revenue increased by 11.9% year-over-year.
• Analysts have upgraded OGE Energy’s stock rating to "Moderate Buy," with a consensus target price of $46.80, reflecting a positive outlook from investment analysts.

Financiere des Professionnels Fonds d investissement inc. purchased a new position in OGE Energy Corporation (NYSE:OGE - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 9,621 shares of the utilities provider's stock, valued at approximately $427,000.

Several other large investors have also recently modified their holdings of OGE. Deutsche Bank AG raised its position in shares of OGE Energy by 417.3% in the 4th quarter. Deutsche Bank AG now owns 77,990 shares of the utilities provider's stock worth $3,217,000 after purchasing an additional 62,913 shares during the last quarter. Focus Partners Wealth raised its position in OGE Energy by 62.6% in the 4th quarter. Focus Partners Wealth now owns 8,508 shares of the utilities provider's stock worth $351,000 after buying an additional 3,274 shares during the last quarter. Quantinno Capital Management LP raised its position in OGE Energy by 31.8% in the 4th quarter. Quantinno Capital Management LP now owns 48,054 shares of the utilities provider's stock worth $1,982,000 after buying an additional 11,605 shares during the last quarter. Two Sigma Advisers LP purchased a new position in OGE Energy in the 4th quarter worth about $214,000. Finally, PharVision Advisers LLC purchased a new position in OGE Energy in the 4th quarter worth about $502,000. Hedge funds and other institutional investors own 71.84% of the company's stock.

OGE Energy Price Performance

NYSE OGE traded up $0.25 during trading hours on Friday, reaching $44.12. The company's stock had a trading volume of 1,933,480 shares, compared to its average volume of 919,607. The firm's 50-day moving average price is $44.77 and its 200-day moving average price is $44.53. The company has a quick ratio of 0.48, a current ratio of 0.78 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 company has a market capitalization of $8.89 billion, a price-to-earnings ratio of 18.08, a PEG ratio of 3.07 and a beta of 0.60.

OGE Energy (NYSE:OGE - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The utilities provider reported $0.53 EPS for the quarter, missing analysts' consensus estimates of $0.58 by ($0.05). OGE Energy had a return on equity of 10.60% and a net margin of 15.27%.The business had revenue of $741.60 million during the quarter, compared to analysts' expectations of $719.97 million. During the same period in the prior year, the firm posted $0.51 earnings per share. The firm's revenue for the quarter was up 11.9% on a year-over-year basis. On average, equities research analysts predict that OGE Energy Corporation will post 2.27 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on OGE. Barclays raised OGE Energy from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $45.00 to $47.00 in a research 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, the stock presently has an average rating of "Moderate Buy" and an average 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.