Dimensional Fund Advisors LP Purchases 137,857 Shares of OGE Energy Corporation $OGE

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 grew its position in shares of OGE Energy Corporation (NYSE:OGE - Free Report) by 6.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,438,764 shares of the utilities provider's stock after purchasing an additional 137,857 shares during the period. Dimensional Fund Advisors LP owned approximately 1.21% of OGE Energy worth $112,081,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in OGE. Barclays PLC grew its position in shares of OGE Energy by 21.8% during the fourth quarter. Barclays PLC now owns 153,686 shares of the utilities provider's stock valued at $6,340,000 after purchasing an additional 27,456 shares in the last quarter. First Trust Advisors LP grew its position in shares of OGE Energy by 1.8% during the fourth quarter. First Trust Advisors LP now owns 667,654 shares of the utilities provider's stock valued at $27,541,000 after purchasing an additional 11,652 shares in the last quarter. MetLife Investment Management LLC grew its position in shares of OGE Energy by 9.1% during the fourth quarter. MetLife Investment Management LLC now owns 113,257 shares of the utilities provider's stock valued at $4,672,000 after purchasing an additional 9,457 shares in the last quarter. Tower Research Capital LLC TRC grew its position in shares of OGE Energy by 172.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 12,978 shares of the utilities provider's stock valued at $535,000 after purchasing an additional 8,208 shares in the last quarter. Finally, TD Waterhouse Canada Inc. grew its position in shares of OGE Energy by 308.5% during the fourth quarter. TD Waterhouse Canada Inc. now owns 1,634 shares of the utilities provider's stock valued at $67,000 after purchasing an additional 1,234 shares in the last quarter. Hedge funds and other institutional investors own 71.84% of the company's stock.

OGE Energy Trading Up 0.6%

NYSE OGE traded up $0.29 during trading on Wednesday, hitting $45.40. The stock had a trading volume of 282,157 shares, compared to its average volume of 1,144,696. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.48 and a current ratio of 0.78. The stock has a market capitalization of $9.14 billion, a price-to-earnings ratio of 18.61, a P/E/G ratio of 3.14 and a beta of 0.57. OGE Energy Corporation has a one year low of $38.94 and a one year high of $46.91. The stock has a 50 day simple moving average of $44.77 and a 200 day simple moving average of $44.57.

OGE Energy (NYSE:OGE - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $741.60 million during the quarter, compared to the consensus estimate of $719.97 million. OGE Energy had a return on equity of 10.60% and a net margin of 15.27%.The firm's revenue for the quarter was up 11.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.51 EPS. Sell-side analysts predict that OGE Energy Corporation will post 2.27 earnings per share for the current year.

Analyst Upgrades and Downgrades

OGE has been the subject of a number of analyst reports. Barclays raised shares of OGE Energy from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $45.00 to $47.00 in a report on Thursday, June 5th. Wall Street Zen raised shares of OGE Energy from a "sell" rating to a "hold" rating in a report on Sunday, August 17th. LADENBURG THALM/SH SH raised shares of OGE Energy to a "hold" rating in a report on Friday, May 9th. Finally, Wells Fargo & Company increased their price target 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. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target 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.