Ceredex Value Advisors LLC Boosts Holdings in OGE Energy Corporation $OGE

Key Points

• Ceredex Value Advisors LLC increased its holdings in OGE Energy Corporation by 6.1% during the first quarter, owning 444,837 shares valued at approximately $20.4 million.
• In a recent insider transaction, VP Donnie O. Jones sold 11,351 shares at an average price of $44.06, resulting in a 20.53% decrease in his ownership.
• OGE Energy's stock is currently trading down 0.8%, with a market cap of $9.10 billion and a recent earnings report indicating a miss on EPS estimates.

Ceredex Value Advisors LLC boosted its position in shares of OGE Energy Corporation (NYSE:OGE - Free Report) by 6.1% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 444,837 shares of the utilities provider's stock after buying an additional 25,650 shares during the quarter. Ceredex Value Advisors LLC owned 0.22% of OGE Energy worth $20,445,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Natixis Advisors LLC raised its stake in 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 during the last quarter. Xponance Inc. boosted its stake in shares of OGE Energy by 1.2% in the first quarter. Xponance Inc. now owns 23,068 shares of the utilities provider's stock worth $1,060,000 after buying an additional 283 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in shares of OGE Energy by 6.2% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 5,241 shares of the utilities provider's stock worth $241,000 after buying an additional 307 shares during the last quarter. M&T Bank Corp increased its holdings in OGE Energy by 3.2% in the 1st quarter. M&T Bank Corp now owns 10,328 shares of the utilities provider's stock worth $475,000 after acquiring an additional 316 shares in the last quarter. Finally, Bessemer Group Inc. increased its holdings in OGE Energy by 45.9% in 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. Hedge funds and other institutional investors own 71.84% of the company's stock.

Insider Buying and Selling

In related news, VP Donnie O. Jones sold 11,351 shares of the firm's stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $44.06, for a total value of $500,125.06. Following the transaction, the vice president owned 43,932 shares in the company, valued at approximately $1,935,643.92. This trade represents a 20.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.55% of the company's stock.

OGE Energy Stock Down 0.8%

OGE stock opened at $45.1940 on Tuesday. The company has a market cap of $9.10 billion, a P/E ratio of 18.52, a P/E/G ratio of 3.17 and a beta of 0.57. OGE Energy Corporation has a 52 week low of $38.94 and a 52 week high of $46.91. The company's 50-day moving average price is $44.74 and its 200 day moving average price is $44.56. 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 - Get Free Report) last announced its 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). The business had revenue of $741.60 million for 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 revenue was up 11.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.51 EPS. On average, research analysts expect that OGE Energy Corporation will post 2.27 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently weighed in on OGE shares. LADENBURG THALM/SH SH upgraded OGE Energy to a "hold" rating in a report on Friday, May 9th. Wells Fargo & Company lifted their target price 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. Barclays upgraded shares of OGE Energy from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $45.00 to $47.00 in a report on Thursday, June 5th. Finally, Wall Street Zen raised shares of OGE Energy from a "sell" rating to a "hold" rating in a research report on Sunday, August 17th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, the company presently 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.

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