Charles Schwab Investment Management Inc. Purchases 11,864 Shares of OGE Energy Corporation $OGE

Key Points

• Charles Schwab Investment Management Inc. increased its stake in OGE Energy Corporation by 0.9%, owning 1,362,207 shares valued at approximately $62.6 million after buying an additional 11,864 shares during the 1st quarter.
• OGE Energy's recent quarterly earnings report revealed an EPS of $0.53, missing the consensus estimate by $0.05, although the company's revenue grew by 11.9% year-over-year.
• Barclays has upgraded OGE Energy’s rating from "equal weight" to "overweight" and raised its target price to $47.00, while MarketBeat reports a consensus rating of "Hold" with an average price target of $46.80.

Charles Schwab Investment Management Inc. increased its stake in shares of OGE Energy Corporation (NYSE:OGE - Free Report) by 0.9% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,362,207 shares of the utilities provider's stock after acquiring an additional 11,864 shares during the period. Charles Schwab Investment Management Inc. owned about 0.68% of OGE Energy worth $62,607,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Natixis Advisors LLC increased its stake in shares of OGE Energy by 0.3% during the first quarter. Natixis Advisors LLC now owns 71,892 shares of the utilities provider's stock worth $3,304,000 after purchasing an additional 250 shares during the period. Xponance Inc. grew its position in OGE Energy by 1.2% during 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 in the last quarter. Envestnet Portfolio Solutions Inc. grew its position 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 worth $241,000 after buying an additional 307 shares in the last quarter. M&T Bank Corp boosted its holdings in shares of OGE Energy by 3.2% in 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 holdings in shares of OGE Energy by 45.9% in 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. Institutional investors own 71.84% of the company's stock.

OGE Energy Stock Up 0.6%

OGE Energy stock traded up $0.28 during midday trading on Tuesday, reaching $44.85. The stock had a trading volume of 80,746 shares, compared to its average volume of 1,155,912. The company has a market capitalization of $9.03 billion, a P/E ratio of 18.38, a PEG ratio of 3.14 and a beta of 0.57. OGE Energy Corporation has a 12 month low of $38.94 and a 12 month high of $46.91. The company has a fifty day moving average price of $44.64 and a two-hundred day moving average price of $44.47. 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 the consensus estimate of $0.58 by ($0.05). The company had revenue of $741.60 million for the quarter, compared to analysts' expectations of $719.97 million. OGE Energy had a net margin of 15.27% and a return on equity of 10.60%. The firm's quarterly revenue was up 11.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.51 EPS. As a group, equities analysts expect that OGE Energy Corporation will post 2.27 EPS for the current fiscal year.

Insider Activity

In related news, VP Donnie O. Jones sold 11,351 shares of the stock in a transaction on Wednesday, May 28th. The stock was 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 of the company's stock, valued at $1,935,643.92. This represents a 20.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.53% of the company's stock.

Analysts Set New Price Targets

Several research firms recently weighed in on OGE. Wall Street Zen raised OGE Energy from a "sell" rating to a "hold" rating in a report on Sunday. Wells Fargo & Company raised their price objective on OGE Energy from $46.00 to $47.00 and gave the company an "equal weight" rating in a report on Thursday, May 1st. Barclays raised OGE Energy from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $45.00 to $47.00 in a report on Thursday, June 5th. Finally, LADENBURG THALM/SH SH raised OGE Energy to a "hold" rating in a report on Friday, May 9th. Four research 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, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target 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.