Jump Financial LLC Increases Stock Holdings in OGE Energy Corporation $OGE

Key Points

• Jump Financial LLC significantly increased its holdings in OGE Energy Corporation by 805.2% to approximately $6.56 million, acquiring 127,007 additional shares in the first quarter.
• OGE Energy reported $0.53 earnings per share for the last quarter, missing the consensus estimate by $0.05, while revenue rose by 11.9% year-over-year to $741.60 million.
• Research firms have upgraded OGE Energy's stock rating, with an average target price now at $46.80, indicating a generally positive outlook from analysts despite a recent earnings miss.

Jump Financial LLC lifted its holdings in OGE Energy Corporation (NYSE:OGE - Free Report) by 805.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 142,780 shares of the utilities provider's stock after buying an additional 127,007 shares during the quarter. Jump Financial LLC owned 0.07% of OGE Energy worth $6,562,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of OGE. Dimensional Fund Advisors LP boosted its stake in shares of OGE Energy by 5.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,300,907 shares of the utilities provider's stock valued at $94,913,000 after buying an additional 121,446 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of OGE Energy by 172.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 12,978 shares of the utilities provider's stock valued at $535,000 after buying an additional 8,208 shares in the last quarter. TD Waterhouse Canada Inc. boosted its stake in shares of OGE Energy by 308.5% in the fourth quarter. TD Waterhouse Canada Inc. now owns 1,634 shares of the utilities provider's stock valued at $67,000 after buying an additional 1,234 shares in the last quarter. Stifel Financial Corp boosted its stake in shares of OGE Energy by 5.3% in the fourth quarter. Stifel Financial Corp now owns 268,413 shares of the utilities provider's stock valued at $11,072,000 after buying an additional 13,447 shares in the last quarter. Finally, Hsbc Holdings PLC boosted its position in OGE Energy by 26.2% during the fourth quarter. Hsbc Holdings PLC now owns 8,812 shares of the utilities provider's stock worth $363,000 after purchasing an additional 1,832 shares in the last quarter. 71.84% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

OGE Energy Trading Down 1.4%

OGE Energy stock traded down $0.62 during trading on Thursday, hitting $44.65. The company's stock had a trading volume of 578,753 shares, compared to its average volume of 1,145,717. The stock has a market capitalization of $8.99 billion, a price-to-earnings ratio of 18.30, a P/E/G ratio of 3.13 and a beta of 0.57. The stock's fifty day moving average is $44.80 and its 200 day moving average is $44.57. OGE Energy Corporation has a 1-year low of $38.94 and a 1-year high of $46.91. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.48 and a current ratio of 0.78.

OGE Energy (NYSE:OGE - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The utilities provider reported $0.53 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.05). The firm had revenue of $741.60 million for the quarter, compared to analyst estimates of $719.97 million. OGE Energy had a return on equity of 10.60% and a net margin of 15.27%.The business's revenue was up 11.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.51 earnings per share. As a group, equities research analysts predict that OGE Energy Corporation will post 2.27 EPS for the current 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.