OGE Energy Corporation $OGE Shares Acquired by Lynx Investment Advisory

Key Points

• Lynx Investment Advisory increased its stake in OGE Energy Corporation by 59.7% in Q1, acquiring an additional 8,953 shares, bringing its total holdings to 23,939 shares valued at approximately $1.1 million.
• Wall Street analysts have upgraded OGE Energy's rating from "equal weight" to "overweight," with a target price increase from $45.00 to $47.00, indicating positive sentiment towards the stock.
• OGE Energy reported a quarterly EPS of $0.53, which was below analyst expectations of $0.58, but noted an 11.9% increase in revenue year-over-year, totaling $741.60 million.

Lynx Investment Advisory raised its position in OGE Energy Corporation (NYSE:OGE - Free Report) by 59.7% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 23,939 shares of the utilities provider's stock after buying an additional 8,953 shares during the period. Lynx Investment Advisory's holdings in OGE Energy were worth $1,100,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Alpine Bank Wealth Management purchased a new position in shares of OGE Energy in the 1st quarter valued at about $31,000. First Command Advisory Services Inc. purchased a new stake in shares of OGE Energy in the first quarter valued at approximately $36,000. Clearstead Trust LLC acquired a new stake in OGE Energy in the 1st quarter valued at $42,000. Brooklyn Investment Group raised its position in 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 during the period. Finally, Bessemer Group Inc. raised its position in OGE Energy by 45.9% during the first 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 period. Hedge funds and other institutional investors own 71.84% of the company's stock.

OGE Energy Price Performance

Shares of NYSE:OGE traded up $0.45 during midday trading on Wednesday, hitting $44.09. The company had a trading volume of 295,968 shares, compared to its average volume of 1,129,816. OGE Energy Corporation has a twelve month low of $39.10 and a twelve month high of $46.91. The stock has a market cap of $8.88 billion, a price-to-earnings ratio of 18.05, a price-to-earnings-growth ratio of 3.08 and a beta of 0.60. The business's 50-day simple moving average is $44.79 and its 200-day simple moving average is $44.56. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.78 and a quick ratio of 0.48.

OGE Energy (NYSE:OGE - Get Free Report) last issued its earnings results on Tuesday, July 29th. The utilities provider reported $0.53 earnings per share (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 company had revenue of $741.60 million during the quarter, compared to analyst estimates of $719.97 million. During the same period last year, the business earned $0.51 earnings per share. The firm's revenue was up 11.9% compared to the same quarter last year. On average, research 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 research analyst reports. Wall Street Zen upgraded shares of OGE Energy from a "sell" rating to a "hold" rating in a research report on Sunday, September 7th. Barclays upgraded shares of OGE Energy from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $45.00 to $47.00 in a research report on Thursday, June 5th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $46.80.

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.