Fox Run Management L.L.C. Takes $1.17 Million Position in OGE Energy Corporation $OGE

Key Points

• Fox Run Management L.L.C. acquired a new stake in OGE Energy Corporation, purchasing 25,520 shares valued at approximately $1,173,000 in the first quarter.
• Analysts have *mixed opinions* on OGE Energy, with Barclays upgrading the stock from "equal weight" to "overweight" and increasing the price target to $47, while Wall Street Zen downgraded it from "hold" to "sell."
• Despite a revenue increase of 11.9% year-over-year, OGE Energy reported earnings that missed consensus estimates, with $0.53 EPS compared to the expected $0.58.

Fox Run Management L.L.C. bought a new stake in shares of OGE Energy Corporation (NYSE:OGE - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 25,520 shares of the utilities provider's stock, valued at approximately $1,173,000.

Other hedge funds have also modified their holdings of the company. Alpine Bank Wealth Management bought a new position in shares of OGE Energy during the first quarter worth $31,000. Bessemer Group Inc. raised its stake in shares of OGE Energy by 102.0% in the fourth quarter. Bessemer Group Inc. now owns 715 shares of the utilities provider's stock valued at $30,000 after acquiring an additional 361 shares during the period. First Command Advisory Services Inc. purchased a new position in OGE Energy in the 1st quarter worth about $36,000. Clearstead Trust LLC bought a new position in OGE Energy during the 1st quarter worth about $42,000. Finally, NBT Bank N A NY grew its holdings in OGE Energy by 100.0% during the 1st quarter. NBT Bank N A NY now owns 1,200 shares of the utilities provider's stock worth $55,000 after acquiring an additional 600 shares in the last quarter. 71.84% of the stock is currently owned by institutional investors.

OGE Energy Stock Performance

NYSE OGE traded up $0.2010 on Wednesday, hitting $45.3010. 96,922 shares of the company's stock traded hands, compared to its average volume of 1,153,509. The company has a current ratio of 0.78, a quick ratio of 0.48 and a debt-to-equity ratio of 1.16. OGE Energy Corporation has a 1-year low of $38.94 and a 1-year high of $46.91. The firm's 50-day moving average price is $44.66 and its two-hundred day moving average price is $44.47. The firm has a market capitalization of $9.12 billion, a PE ratio of 18.57, a P/E/G ratio of 3.11 and a beta of 0.57.

OGE Energy (NYSE:OGE - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The utilities provider reported $0.53 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.05). OGE Energy had a net margin of 15.27% and a return on equity of 10.60%. The business 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 earnings per share. The business's revenue was up 11.9% on a year-over-year basis. As a group, analysts expect that OGE Energy Corporation will post 2.27 EPS for the current year.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other news, VP Donnie O. Jones sold 11,351 shares of OGE Energy stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $44.06, for a total transaction of $500,125.06. Following the completion of the transaction, the vice president directly owned 43,932 shares of the company's stock, valued at $1,935,643.92. The trade was a 20.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.53% of the company's stock.

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.