Dean Capital Management Lowers Position in OGE Energy Corporation $OGE

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 trimmed its stake in OGE Energy Corporation (NYSE:OGE - Free Report) by 21.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm 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 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Cetera Investment Advisers grew its holdings in OGE Energy by 10.8% in the fourth quarter. Cetera Investment Advisers now owns 62,831 shares of the utilities provider's stock valued at $2,592,000 after purchasing an additional 6,135 shares during the period. Bessemer Group Inc. grew its holdings in OGE Energy by 45.9% in the first 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 during the period. Sowell Financial Services LLC purchased a new stake in OGE Energy in the first quarter valued at approximately $305,000. Wealth Enhancement Advisory Services LLC grew its holdings in OGE Energy by 19.5% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 30,922 shares of the utilities provider's stock valued at $1,421,000 after purchasing an additional 5,043 shares during the period. Finally, Oppenheimer & Co. Inc. grew its stake in OGE Energy by 1.9% during the first quarter. Oppenheimer & Co. Inc. now owns 27,846 shares of the utilities provider's stock worth $1,280,000 after buying an additional 522 shares during the period. 71.84% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

OGE has been the subject of several research reports. Wall Street Zen upgraded shares of OGE Energy from a "sell" rating to a "hold" rating in a research note on Sunday. Barclays upgraded shares of OGE Energy from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $45.00 to $47.00 in a research note on Thursday, June 5th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, OGE Energy presently has an average rating of "Moderate Buy" and a consensus target price of $46.80.

OGE Energy Trading Down 1.6%

NYSE OGE opened at $43.44 on Tuesday. The company's fifty day simple moving average is $44.82 and its 200-day simple moving average is $44.61. OGE Energy Corporation has a 52 week low of $39.10 and a 52 week high of $46.91. The company has a current ratio of 0.78, a quick ratio of 0.48 and a debt-to-equity ratio of 1.16. The stock has a market cap of $8.75 billion, a P/E ratio of 17.80, a PEG ratio of 3.07 and a beta of 0.60.

OGE Energy (NYSE:OGE - Get Free Report) last posted its earnings results on Tuesday, July 29th. The utilities provider reported $0.53 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 firm had revenue of $741.60 million for the quarter, compared to analyst estimates of $719.97 million. During the same period in the previous year, the firm posted $0.51 earnings per share. The company's revenue for the quarter was up 11.9% on a year-over-year basis. Equities research analysts predict that OGE Energy Corporation will post 2.27 EPS for the current fiscal year.

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.

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