Swiss National Bank Has $17.89 Million Position in OGE Energy Corporation $OGE

Swiss National Bank lessened its stake in OGE Energy Corporation (NYSE:OGE - Free Report) by 1.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 389,300 shares of the utilities provider's stock after selling 5,700 shares during the quarter. Swiss National Bank owned about 0.19% of OGE Energy worth $17,892,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in OGE. Russell Investments Group Ltd. lifted its holdings in shares of OGE Energy by 846.5% during the 4th quarter. Russell Investments Group Ltd. now owns 68,930 shares of the utilities provider's stock valued at $2,843,000 after acquiring an additional 61,647 shares in the last quarter. Bank of Montreal Can lifted its holdings in shares of OGE Energy by 10.7% during the 4th quarter. Bank of Montreal Can now owns 29,329 shares of the utilities provider's stock valued at $1,210,000 after acquiring an additional 2,830 shares in the last quarter. Bessemer Group Inc. lifted its holdings in shares of OGE Energy by 102.0% during the 4th quarter. Bessemer Group Inc. now owns 715 shares of the utilities provider's stock valued at $30,000 after acquiring an additional 361 shares in the last quarter. Treasurer of the State of North Carolina lifted its position in shares of OGE Energy by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 87,890 shares of the utilities provider's stock worth $3,625,000 after purchasing an additional 550 shares in the last quarter. Finally, Sterling Capital Management LLC lifted its position in shares of OGE Energy by 55.5% during the fourth quarter. Sterling Capital Management LLC now owns 11,847 shares of the utilities provider's stock worth $489,000 after purchasing an additional 4,227 shares in the last quarter. Institutional investors and hedge funds own 71.84% of the company's stock.

OGE Energy Stock Down 1.0%

OGE stock traded down $0.43 during midday trading on Monday, reaching $44.66. The company had a trading volume of 165,552 shares, compared to its average volume of 1,158,717. The company has a market capitalization of $8.99 billion, a P/E ratio of 18.33, a PEG ratio of 3.14 and a beta of 0.57. The company has a 50 day moving average of $44.62 and a two-hundred day moving average of $44.45. 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.

OGE Energy (NYSE:OGE - Get Free Report) last released its earnings results on Tuesday, July 29th. The utilities provider reported $0.53 earnings per share for the quarter, missing analysts' consensus estimates 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 firm's revenue was up 11.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.51 EPS. On average, equities research analysts expect that OGE Energy Corporation will post 2.27 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. 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 raised shares of OGE Energy to a "hold" rating in a research report on Friday, May 9th. Wells Fargo & Company boosted their price objective on shares of OGE Energy from $46.00 to $47.00 and gave the company an "equal weight" rating in a research report on Thursday, May 1st. Finally, Barclays raised shares of OGE Energy from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $45.00 to $47.00 in a research report on Thursday, June 5th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $46.80.

Insiders Place Their Bets

In other news, VP Donnie O. Jones sold 11,351 shares of the company's stock in a transaction dated 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 owned 43,932 shares of the company's stock, valued at approximately $1,935,643.92. This represents a 20.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.53% of the stock is currently owned by corporate insiders.

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.