OGE Energy Corporation $OGE Shares Bought by Dimensional Fund Advisors LP

Key Points

• Dimensional Fund Advisors LP increased its investment in OGE Energy Corporation by 6.0% during the first quarter, holding approximately $112.08 million worth of shares.
• Several brokerages have raised their ratings on OGE Energy, with Barclays upgrading the stock from "equal weight" to "overweight" and adjusting the price target to $47.00.
• OGE Energy reported $0.53 EPS in its latest quarterly earnings, missing expectations but showcasing an 11.9% revenue growth year-over-year.

Dimensional Fund Advisors LP increased its position in shares of OGE Energy Corporation (NYSE:OGE - Free Report) by 6.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,438,764 shares of the utilities provider's stock after buying an additional 137,857 shares during the quarter. Dimensional Fund Advisors LP owned about 1.21% of OGE Energy worth $112,081,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Fox Run Management L.L.C. purchased a new stake in shares of OGE Energy during the 1st quarter valued at approximately $1,173,000. Boston Partners raised its position in shares of OGE Energy by 29.1% during the 1st quarter. Boston Partners now owns 5,401,857 shares of the utilities provider's stock valued at $248,209,000 after buying an additional 1,219,062 shares during the period. Nuveen LLC purchased a new stake in shares of OGE Energy during the 1st quarter valued at approximately $24,141,000. Invesco Ltd. raised its position in shares of OGE Energy by 20.4% during the 1st quarter. Invesco Ltd. now owns 1,673,459 shares of the utilities provider's stock valued at $76,912,000 after buying an additional 283,281 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of OGE Energy during the 1st quarter valued at approximately $1,316,000. Hedge funds and other institutional investors own 71.84% of the company's stock.

OGE Energy Stock Down 1.4%

Shares of OGE stock traded down $0.62 on Thursday, reaching $44.65. 578,753 shares of the stock were exchanged, compared to its average volume of 953,885. 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 business's 50 day moving average price is $44.81 and its 200 day moving average price is $44.59. The company has a market capitalization of $8.99 billion, a price-to-earnings ratio of 18.30, a PEG ratio of 3.15 and a beta of 0.57. OGE Energy Corporation has a twelve month low of $38.94 and a twelve month 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 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 quarter in the previous year, the firm posted $0.51 EPS. The business's revenue for the quarter was up 11.9% on a year-over-year basis. As a group, sell-side analysts expect that OGE Energy Corporation will post 2.27 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. 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. Wall Street Zen upgraded shares of OGE Energy from a "sell" rating to a "hold" rating in a report on Sunday, August 17th. Finally, LADENBURG THALM/SH SH upgraded shares of OGE Energy to a "hold" rating in a report on Friday, May 9th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, OGE Energy presently has an average 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.