Campbell & CO Investment Adviser LLC Invests $7.03 Million in OGE Energy Corporation $OGE

Key Points

• Campbell & CO Investment Adviser LLC has acquired 152,973 shares of OGE Energy Corporation, valued at approximately $7.03 million, making it the firm's 9th largest holding.
• OGE Energy's shares have experienced a price fluctuation, with a 12-month low of $38.94 and a high of $46.91, while its market cap stands at $9.17 billion.
• Analysts rate OGE Energy with an average of "Moderate Buy", backed by upgrades from Barclays and Wells Fargo, raising their target price to $47.00.

Campbell & CO Investment Adviser LLC acquired a new position in OGE Energy Corporation (NYSE:OGE - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 152,973 shares of the utilities provider's stock, valued at approximately $7,031,000. OGE Energy accounts for 0.5% of Campbell & CO Investment Adviser LLC's investment portfolio, making the stock its 9th largest position. Campbell & CO Investment Adviser LLC owned about 0.08% of OGE Energy at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in OGE. First Trust Advisors LP boosted its stake in shares of OGE Energy by 1.8% during the 4th quarter. First Trust Advisors LP now owns 667,654 shares of the utilities provider's stock worth $27,541,000 after acquiring an additional 11,652 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in OGE Energy by 5.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,300,907 shares of the utilities provider's stock worth $94,913,000 after purchasing an additional 121,446 shares during the period. Tower Research Capital LLC TRC lifted its position in OGE Energy by 172.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 12,978 shares of the utilities provider's stock valued at $535,000 after purchasing an additional 8,208 shares in the last quarter. TD Waterhouse Canada Inc. lifted its position in OGE Energy by 308.5% during the fourth quarter. TD Waterhouse Canada Inc. now owns 1,634 shares of the utilities provider's stock valued at $67,000 after purchasing an additional 1,234 shares in the last quarter. Finally, Stifel Financial Corp raised its stake in shares of OGE Energy by 5.3% in the fourth quarter. Stifel Financial Corp now owns 268,413 shares of the utilities provider's stock worth $11,072,000 after buying an additional 13,447 shares during the period. 71.84% of the stock is currently owned by institutional investors.

OGE Energy Trading Down 1.4%

Shares of OGE Energy stock traded down $0.62 on Thursday, reaching $44.65. The company had a trading volume of 578,753 shares, compared to its average volume of 1,145,717. The firm has a market cap of $8.99 billion, a price-to-earnings ratio of 18.30, a P/E/G ratio of 3.13 and a beta of 0.57. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.78 and a quick ratio of 0.48. The firm's 50-day moving average price is $44.80 and its two-hundred day moving average price is $44.57. OGE Energy Corporation has a 1 year low of $38.94 and a 1 year high of $46.91.

OGE Energy (NYSE:OGE - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The utilities provider reported $0.53 earnings per share (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 company had revenue of $741.60 million during the quarter, compared to the consensus estimate of $719.97 million. During the same quarter in the prior year, the business earned $0.51 earnings per share. The firm's quarterly revenue was up 11.9% compared to the same quarter last year. As a group, research analysts predict that OGE Energy Corporation will post 2.27 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Wall Street Zen upgraded shares of OGE Energy from a "sell" rating to a "hold" rating in a research note on Sunday, August 17th. Barclays upgraded OGE Energy from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $45.00 to $47.00 in a research note on Thursday, June 5th. LADENBURG THALM/SH SH raised OGE Energy to a "hold" rating in a research note on Friday, May 9th. Finally, Wells Fargo & Company increased their price objective on shares of OGE Energy from $46.00 to $47.00 and gave the company an "equal weight" rating in a report on Thursday, May 1st. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $46.80.

OGE Energy Company Profile

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.