OGE Energy Corporation $OGE Shares Sold by Dean Capital Management

Key Points

• Dean Capital Management has reduced its stake in OGE Energy Corporation by 21.2%, now holding 42,013 shares worth approximately $1.93 million.
• Analysts from Wall Street have upgraded OGE Energy's stock rating from "sell" to "hold," with Barclays increasing the price target from $45.00 to $47.00.
• OGE Energy announced an earnings miss for its most recent quarter, reporting $0.53 EPS against estimates of $0.58, but showed a year-over-year revenue increase of 11.9%.

Dean Capital Management decreased its holdings in shares of OGE Energy Corporation (NYSE:OGE - Free Report) by 21.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 42,013 shares of the utilities provider's stock after selling 11,279 shares during the quarter. Dean Capital Management's holdings in OGE Energy were worth $1,931,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. lifted its stake in OGE Energy by 54.5% during the first quarter. Goldman Sachs Group Inc. now owns 1,043,657 shares of the utilities provider's stock worth $47,966,000 after purchasing an additional 367,960 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in OGE Energy by 21.1% in the first quarter. Jones Financial Companies Lllp now owns 29,171 shares of the utilities provider's stock valued at $1,341,000 after buying an additional 5,086 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in OGE Energy in the first quarter valued at approximately $385,000. NewEdge Advisors LLC lifted its stake in OGE Energy by 77.6% in the first quarter. NewEdge Advisors LLC now owns 78,922 shares of the utilities provider's stock valued at $3,627,000 after buying an additional 34,477 shares during the last quarter. Finally, Millennium Management LLC lifted its stake in OGE Energy by 1,160.8% in the first quarter. Millennium Management LLC now owns 94,965 shares of the utilities provider's stock valued at $4,365,000 after buying an additional 87,433 shares during the last quarter. Hedge funds and other institutional investors own 71.84% of the company's stock.

Analyst Ratings Changes

A number of brokerages have weighed in on OGE. Barclays upgraded OGE Energy from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $45.00 to $47.00 in a research note on Thursday, June 5th. Wall Street Zen upgraded OGE Energy from a "sell" rating to a "hold" rating in a research note on Sunday, September 7th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, OGE Energy currently has a consensus rating of "Moderate Buy" and an average price target of $46.80.

OGE Energy Stock Performance

Shares of NYSE:OGE traded up $0.29 during trading on Friday, reaching $44.49. The company had a trading volume of 893,512 shares, compared to its average volume of 871,292. The firm has a market capitalization of $8.96 billion, a price-to-earnings ratio of 18.23, a price-to-earnings-growth ratio of 3.09 and a beta of 0.60. 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 stock's fifty day moving average price is $44.79 and its 200 day moving average price is $44.58. OGE Energy Corporation has a fifty-two week low of $39.10 and a fifty-two week high of $46.91.

OGE Energy (NYSE:OGE - Get Free Report) last released 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 company had revenue of $741.60 million during the quarter, compared to analyst estimates of $719.97 million. OGE Energy had a net margin of 15.27% and a return on equity of 10.60%. The company's revenue for the quarter was up 11.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.51 EPS. As a group, equities research analysts predict that OGE Energy Corporation will post 2.27 EPS for the current year.

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.