OGE Energy Corporation $OGE Shares Bought by Voya Investment Management LLC

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 increased its holdings in OGE Energy Corporation (NYSE:OGE - Free Report) by 4.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 318,770 shares of the utilities provider's stock after acquiring an additional 14,372 shares during the quarter. Voya Investment Management LLC owned about 0.16% of OGE Energy worth $14,651,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bessemer Group Inc. lifted its stake in OGE Energy by 45.9% in 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. Sowell Financial Services LLC purchased a new stake in OGE Energy in the first quarter worth $305,000. Dynamic Technology Lab Private Ltd purchased a new stake in OGE Energy in the first quarter worth $385,000. Inspire Investing LLC raised its holdings in OGE Energy by 100.2% in the first quarter. Inspire Investing LLC now owns 32,247 shares of the utilities provider's stock worth $1,482,000 after purchasing an additional 16,141 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in OGE Energy by 19.5% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 30,922 shares of the utilities provider's stock worth $1,421,000 after purchasing an additional 5,043 shares in the last quarter. Hedge funds and other institutional investors own 71.84% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Wall Street Zen upgraded OGE Energy from a "sell" rating to a "hold" rating in a report on Sunday, September 7th. Barclays upgraded OGE Energy from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $45.00 to $47.00 in a report on Thursday, June 5th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $47.00.

OGE Energy Stock Performance

NYSE:OGE traded up $0.25 on Friday, hitting $44.12. The stock had a trading volume of 1,933,480 shares, compared to its average volume of 919,607. The stock has a market cap of $8.89 billion, a price-to-earnings ratio of 18.08, a price-to-earnings-growth ratio of 3.05 and a beta of 0.60. The company has a quick ratio of 0.48, a current ratio of 0.78 and a debt-to-equity ratio of 1.16. The business's 50-day simple moving average is $44.77 and its two-hundred day simple moving average is $44.54. OGE Energy Corporation has a 52-week low of $39.10 and a 52-week high of $46.91.

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