Voya Investment Management LLC Has $14.65 Million Position in OGE Energy Corporation $OGE

Key Points

• Voya Investment Management LLC increased its stake in OGE Energy Corporation by 4.7% during the first quarter, holding 318,770 shares valued at $14.65 million.
• OGE Energy reported a net margin of 15.27% and a quarterly revenue of $741.60 million, surpassing analysts' expectations of $719.97 million.
• Equity analysts have upgraded OGE Energy's stock rating from "sell" to "hold," with a consensus rating of "Moderate Buy" and an average price target of $46.80.

Voya Investment Management LLC boosted its stake in shares of OGE Energy Corporation (NYSE:OGE - Free Report) by 4.7% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 318,770 shares of the utilities provider's stock after purchasing an additional 14,372 shares during the quarter. Voya Investment Management LLC owned about 0.16% of OGE Energy worth $14,651,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Alpine Bank Wealth Management bought a new stake in shares of OGE Energy in the first quarter valued at approximately $31,000. First Command Advisory Services Inc. bought a new stake in shares of OGE Energy in the first quarter valued at approximately $36,000. Clearstead Trust LLC bought a new stake in shares of OGE Energy in the first quarter valued at approximately $42,000. Brooklyn Investment Group boosted its position in shares of OGE Energy by 725.5% in the first quarter. Brooklyn Investment Group now owns 908 shares of the utilities provider's stock valued at $42,000 after acquiring an additional 798 shares during the period. Finally, Bessemer Group Inc. boosted its position in shares of OGE Energy by 45.9% in 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 Stock Performance

Shares of NYSE OGE traded up $0.40 during trading hours on Wednesday, reaching $44.04. The stock had a trading volume of 1,084,570 shares, compared to its average volume of 876,695. The business's fifty day moving average is $44.79 and its two-hundred day 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. The company has a market cap of $8.87 billion, a price-to-earnings ratio of 18.05, a PEG ratio of 3.03 and a beta of 0.60. OGE Energy Corporation has a twelve month low of $39.10 and a twelve month high of $46.91.

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on OGE shares. Barclays raised OGE Energy from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $45.00 to $47.00 in a research report on Thursday, June 5th. Wall Street Zen raised OGE Energy from a "sell" rating to a "hold" rating in a research report on Sunday, September 7th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, OGE Energy has a consensus rating of "Moderate Buy" and a consensus target price of $46.80.

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.