Northern Trust Corp Has $164.26 Million Holdings in OGE Energy Corporation $OGE

Key Points

• Northern Trust Corp increased its stake in OGE Energy Corporation by 0.3%, acquiring a total of 3,573,926 shares valued at approximately $164.3 million.
• OGE Energy reported a net revenue increase of 11.9% year-over-year, despite missing earnings per share expectations by $0.05 in their most recent quarterly report.
• Equities research analysts have upgraded OGE Energy's rating, with Barclays raising the price target from $45.00 to $47.00, indicating positive sentiment in the market.

Northern Trust Corp increased its stake in OGE Energy Corporation (NYSE:OGE - Free Report) by 0.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,573,926 shares of the utilities provider's stock after buying an additional 11,912 shares during the period. Northern Trust Corp owned about 1.78% of OGE Energy worth $164,258,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. Natixis Advisors LLC increased its stake in OGE Energy by 0.3% during the first quarter. Natixis Advisors LLC now owns 71,892 shares of the utilities provider's stock valued at $3,304,000 after purchasing an additional 250 shares during the last quarter. Xponance Inc. boosted its holdings in shares of OGE Energy by 1.2% during the first quarter. Xponance Inc. now owns 23,068 shares of the utilities provider's stock valued at $1,060,000 after acquiring an additional 283 shares during the period. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of OGE Energy by 6.2% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 5,241 shares of the utilities provider's stock valued at $241,000 after acquiring an additional 307 shares during the period. M&T Bank Corp boosted its holdings in shares of OGE Energy by 3.2% during the first quarter. M&T Bank Corp now owns 10,328 shares of the utilities provider's stock valued at $475,000 after acquiring an additional 316 shares during the period. Finally, Bessemer Group Inc. boosted its holdings in shares of OGE Energy by 45.9% during the first quarter. Bessemer Group Inc. now owns 1,043 shares of the utilities provider's stock valued at $48,000 after acquiring an additional 328 shares during the period. Institutional investors own 71.84% of the company's stock.

OGE Energy Price Performance

NYSE OGE traded up $0.20 on Wednesday, reaching $45.31. The company's stock had a trading volume of 1,003,484 shares, compared to its average volume of 967,470. OGE Energy Corporation has a twelve month low of $38.94 and a twelve month 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. The stock has a market cap of $9.12 billion, a PE ratio of 18.57, a PEG ratio of 3.13 and a beta of 0.57. The firm's 50 day moving average is $44.80 and its two-hundred day moving average is $44.57.

OGE Energy (NYSE:OGE - Get Free Report) last issued its quarterly 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). 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 during the quarter, compared to analyst estimates of $719.97 million. During the same period in the previous year, the company posted $0.51 earnings per share. OGE Energy's revenue was up 11.9% compared to the same quarter last year. As a group, sell-side analysts predict that OGE Energy Corporation will post 2.27 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Wells Fargo & Company boosted their price target on shares of OGE Energy from $46.00 to $47.00 and gave the company an "equal weight" rating in a report on Thursday, May 1st. Barclays raised shares of OGE Energy from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $45.00 to $47.00 in a report on Thursday, June 5th. LADENBURG THALM/SH SH raised shares of OGE Energy to a "hold" rating in a report on Friday, May 9th. Finally, Wall Street Zen raised shares of OGE Energy from a "sell" rating to a "hold" rating in a report on Sunday, August 17th. Four 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 currently 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.