Capital Fund Management S.A. Buys Shares of 71,736 OGE Energy Corporation $OGE

Key Points

• Capital Fund Management S.A. has invested approximately $3.30 million in OGE Energy Corporation by acquiring 71,736 shares in the first quarter.
• Several hedge funds, including Boston Partners and Northern Trust Corp, have increased their positions in OGE Energy, with institutional investors now holding 71.84% of the company's stock.
• Analysts have upgraded OGE Energy's rating, with Barclays raising its price target from $45 to $47 and a consensus target price of $46.80 based on current ratings.

Capital Fund Management S.A. bought a new stake in OGE Energy Corporation (NYSE:OGE - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 71,736 shares of the utilities provider's stock, valued at approximately $3,297,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Natixis Advisors LLC boosted its stake in OGE Energy by 0.3% during the 1st quarter. Natixis Advisors LLC now owns 71,892 shares of the utilities provider's stock valued at $3,304,000 after purchasing an additional 250 shares in the last quarter. Xponance Inc. boosted its stake in OGE Energy by 1.2% during 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 in the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in OGE Energy by 6.2% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 5,241 shares of the utilities provider's stock valued at $241,000 after purchasing an additional 307 shares in the last quarter. M&T Bank Corp boosted its stake in OGE Energy by 3.2% during the 1st quarter. M&T Bank Corp now owns 10,328 shares of the utilities provider's stock valued at $475,000 after purchasing an additional 316 shares in the last quarter. Finally, Bessemer Group Inc. boosted its stake in OGE Energy by 45.9% during the 1st quarter. Bessemer Group Inc. now owns 1,043 shares of the utilities provider's stock valued at $48,000 after purchasing an additional 328 shares in the last quarter. 71.84% of the stock is owned by institutional investors.

OGE Energy Price Performance

Shares of OGE traded down $0.62 during trading hours on Thursday, hitting $44.65. 322,406 shares of the company were exchanged, compared to its average volume of 1,143,975. The company has a market capitalization of $8.99 billion, a PE ratio of 18.30, a PEG 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 has a fifty day simple moving average of $44.80 and a 200-day simple moving average of $44.57. OGE Energy Corporation has a one year low of $38.94 and a one year high of $46.91.

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

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Barclays raised OGE Energy from an "equal weight" rating to an "overweight" rating and increased their price target for the company 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. Wall Street Zen raised OGE Energy from a "sell" rating to a "hold" rating in a research note on Sunday, August 17th. Finally, Wells Fargo & Company raised their price objective on OGE Energy from $46.00 to $47.00 and gave the stock an "equal weight" rating in a research note on Thursday, May 1st. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $46.80.

OGE Energy 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.