Lynx Investment Advisory Buys 8,953 Shares of OGE Energy Corporation $OGE

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

Other large investors have also modified their holdings of the company. Jane Street Group LLC raised its stake in shares of OGE Energy by 3.4% during the 4th quarter. Jane Street Group LLC now owns 42,546 shares of the utilities provider's stock worth $1,755,000 after acquiring an additional 1,401 shares in the last quarter. BNP Paribas Financial Markets raised its stake in shares of OGE Energy by 3.3% during the 4th quarter. BNP Paribas Financial Markets now owns 35,907 shares of the utilities provider's stock worth $1,481,000 after acquiring an additional 1,155 shares in the last quarter. Captrust Financial Advisors raised its stake in shares of OGE Energy by 9.1% during the 4th quarter. Captrust Financial Advisors now owns 29,552 shares of the utilities provider's stock worth $1,219,000 after acquiring an additional 2,472 shares in the last quarter. Cetera Investment Advisers raised its stake in shares of OGE Energy by 10.8% during the 4th quarter. Cetera Investment Advisers now owns 62,831 shares of the utilities provider's stock worth $2,592,000 after acquiring an additional 6,135 shares in the last quarter. Finally, Deutsche Bank AG raised its stake in shares of OGE Energy by 417.3% during the 4th quarter. Deutsche Bank AG now owns 77,990 shares of the utilities provider's stock worth $3,217,000 after acquiring an additional 62,913 shares in the last quarter. Institutional investors own 71.84% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Barclays raised shares of 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. Wall Street Zen raised shares of OGE Energy from a "sell" rating to a "hold" rating in a research report on Sunday, September 7th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $46.80.

OGE Energy Stock Up 0.6%

OGE stock opened at $44.20 on Friday. The firm's fifty day simple moving average is $44.79 and its 200-day simple moving average is $44.60. The company has a market capitalization of $8.90 billion, a P/E ratio of 18.11, a price-to-earnings-growth ratio of 3.05 and a beta of 0.60. 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 Corporation has a 12 month low of $39.10 and a 12 month high of $46.91.

OGE Energy (NYSE:OGE - Get Free Report) last released 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). The business had revenue of $741.60 million during 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 firm's revenue was up 11.9% on a year-over-year basis. During the same period last year, the company earned $0.51 earnings per share. As a group, equities research analysts forecast that OGE Energy Corporation will post 2.27 earnings per share 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.