Epoch Investment Partners Inc. Decreases Position in OGE Energy Corporation $OGE

Key Points

• Epoch Investment Partners Inc. reduced its stake in OGE Energy Corporation by 3.3%, holding 311,973 shares worth approximately $14.34 million after selling 10,657 shares during the first quarter.
• Other institutional investors, like Dimensional Fund Advisors and Tower Research Capital, increased their holdings in OGE Energy, indicating a mixed sentiment among investors regarding the company.
• OGE Energy's recent quarterly earnings fell short of expectations, reporting $0.53 EPS against a consensus estimate of $0.58, although the revenue increased by 11.9% year-over-year.

Epoch Investment Partners Inc. trimmed its position in shares of OGE Energy Corporation (NYSE:OGE - Free Report) by 3.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 311,973 shares of the utilities provider's stock after selling 10,657 shares during the quarter. Epoch Investment Partners Inc. owned 0.15% of OGE Energy worth $14,338,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Alpine Bank Wealth Management bought a new stake in OGE Energy during the 1st quarter valued at $31,000. First Command Advisory Services Inc. acquired a new position in shares of OGE Energy during the first quarter valued at about $36,000. Clearstead Trust LLC acquired a new position in shares of OGE Energy during the first quarter valued at about $42,000. Brooklyn Investment Group increased its position in shares of OGE Energy by 725.5% during the first quarter. Brooklyn Investment Group now owns 908 shares of the utilities provider's stock worth $42,000 after acquiring an additional 798 shares in the last quarter. Finally, Bessemer Group Inc. raised 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 worth $48,000 after acquiring an additional 328 shares during the last quarter. 71.84% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on OGE shares. Wall Street Zen upgraded OGE Energy from a "sell" rating to a "hold" rating in a research note on Sunday, August 17th. Barclays upgraded OGE Energy from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $45.00 to $47.00 in a report on Thursday, June 5th. LADENBURG THALM/SH SH upgraded OGE Energy to a "hold" rating in a report on Friday, May 9th. Finally, Wells Fargo & Company increased their price target on OGE Energy from $46.00 to $47.00 and gave the company an "equal weight" rating in a research report on Thursday, May 1st. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, OGE Energy currently has a consensus rating of "Moderate Buy" and an average price target of $46.80.

OGE Energy Stock Performance

OGE stock traded up $0.03 during midday trading on Friday, hitting $44.66. The company's stock had a trading volume of 883,385 shares, compared to its average volume of 908,292. The stock has a market cap of $8.99 billion, a price-to-earnings ratio of 18.30, a PEG ratio of 3.10 and a beta of 0.57. The company has a quick ratio of 0.48, a current ratio of 0.78 and a debt-to-equity ratio of 1.16. The stock's 50-day moving average price is $44.83 and its 200 day moving average price is $44.59. OGE Energy Corporation has a 1 year low of $38.94 and a 1 year high of $46.91.

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 business 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 company's revenue for the quarter was up 11.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.51 earnings per share. On average, equities analysts forecast 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.