Raymond James Financial Inc. Has $14 Million Stock Holdings in OGE Energy Corporation $OGE

Key Points

• Raymond James Financial Inc. increased its stake in OGE Energy Corporation by 5.9% in Q1, acquiring an additional 16,942 shares and bringing its total ownership to 304,496 shares valued at approximately $13.99 million.
• The debt-to-equity ratio of OGE Energy stands at 1.16, with a market capitalization of $8.99 billion, while analysts project an EPS of 2.27 for the current fiscal year.
• Equities research analysts have given OGE Energy a "Moderate Buy" consensus rating, with price target adjustments from Barclays and Wells Fargo raising expectations for the company’s stock value.

Raymond James Financial Inc. grew its holdings in OGE Energy Corporation (NYSE:OGE - Free Report) by 5.9% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 304,496 shares of the utilities provider's stock after buying an additional 16,942 shares during the quarter. Raymond James Financial Inc. owned approximately 0.15% of OGE Energy worth $13,995,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in OGE. Hsbc Holdings PLC increased its stake in shares of OGE Energy by 26.2% in the fourth quarter. Hsbc Holdings PLC now owns 8,812 shares of the utilities provider's stock valued at $363,000 after buying an additional 1,832 shares in the last quarter. Susquehanna International Group LLP increased its stake in shares of OGE Energy by 52.4% in the fourth quarter. Susquehanna International Group LLP now owns 51,662 shares of the utilities provider's stock valued at $2,131,000 after buying an additional 17,765 shares in the last quarter. Northern Trust Corp increased its stake in shares of OGE Energy by 29.3% in the fourth quarter. Northern Trust Corp now owns 3,562,014 shares of the utilities provider's stock valued at $146,933,000 after buying an additional 807,690 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of OGE Energy by 37.0% in the fourth quarter. AQR Capital Management LLC now owns 469,793 shares of the utilities provider's stock valued at $19,379,000 after buying an additional 126,923 shares in the last quarter. Finally, Jane Street Group LLC increased its stake in shares of OGE Energy by 3.4% in the fourth quarter. Jane Street Group LLC now owns 42,546 shares of the utilities provider's stock valued at $1,755,000 after buying an additional 1,401 shares in the last quarter. 71.84% of the stock is currently owned by institutional investors and hedge funds.

OGE Energy Trading Down 0.8%

Shares of OGE stock traded down $0.34 on Tuesday, reaching $44.32. The company had a trading volume of 282,770 shares, compared to its average volume of 1,138,818. The company has a current ratio of 0.78, a quick ratio of 0.48 and a debt-to-equity ratio of 1.16. The stock has a market cap of $8.93 billion, a PE ratio of 18.18, a PEG ratio of 3.10 and a beta of 0.60. The company has a 50-day moving average of $44.83 and a 200-day moving average of $44.62. 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 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $719.97 million. During the same quarter last year, the firm earned $0.51 EPS. The company's revenue for the quarter was up 11.9% on a year-over-year basis. On average, equities analysts forecast that OGE Energy Corporation will post 2.27 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently commented on OGE shares. Barclays upgraded OGE Energy from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $45.00 to $47.00 in a research report on Thursday, June 5th. LADENBURG THALM/SH SH upgraded OGE Energy to a "hold" rating in a research report on Friday, May 9th. Finally, Wall Street Zen lowered OGE Energy from a "hold" rating to a "sell" rating in a research report on Saturday. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $46.80.

OGE Energy Company 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.