40,903 Shares in OGE Energy Corporation $OGE Bought by Walleye Capital LLC

Key Points

• Walleye Capital LLC has acquired a new stake in OGE Energy Corporation, purchasing 40,903 shares valued at approximately $1.88 million.
• OGE Energy's stock decreased by 1.4%, currently trading at $44.65, with analysts projecting a 2.27 earnings per share for the current fiscal year.
• Several institutional investors have increased their holdings in OGE Energy, with Campbell & CO Investment Adviser LLC investing around $7 million during the first quarter.

Walleye Capital LLC purchased a new position in OGE Energy Corporation (NYSE:OGE - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 40,903 shares of the utilities provider's stock, valued at approximately $1,880,000.

Several other large investors have also bought and sold shares of the business. T. Rowe Price Investment Management Inc. boosted its stake in OGE Energy by 5.9% in the first quarter. T. Rowe Price Investment Management Inc. now owns 6,538,826 shares of the utilities provider's stock valued at $300,525,000 after buying an additional 364,268 shares in the last quarter. Boston Partners boosted its stake in OGE Energy by 29.1% in the first quarter. Boston Partners now owns 5,401,857 shares of the utilities provider's stock valued at $248,209,000 after buying an additional 1,219,062 shares in the last quarter. Northern Trust Corp boosted its stake in OGE Energy by 0.3% in the first quarter. Northern Trust Corp now owns 3,573,926 shares of the utilities provider's stock valued at $164,258,000 after buying an additional 11,912 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in OGE Energy by 6.0% in the first quarter. Dimensional Fund Advisors LP now owns 2,438,764 shares of the utilities provider's stock valued at $112,081,000 after buying an additional 137,857 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in OGE Energy by 20.4% in the first quarter. Invesco Ltd. now owns 1,673,459 shares of the utilities provider's stock valued at $76,912,000 after buying an additional 283,281 shares in the last quarter. 71.84% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

OGE Energy Trading Down 0.3%

OGE stock traded down $0.15 during mid-day trading on Wednesday, reaching $44.39. The company's stock had a trading volume of 75,218 shares, compared to its average volume of 1,135,833. The company has a market cap of $8.94 billion, a price-to-earnings ratio of 18.20, a price-to-earnings-growth ratio of 3.10 and a beta of 0.60. The business's 50 day moving average price is $44.82 and its 200 day moving average price is $44.62. 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 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 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.05). The firm had revenue of $741.60 million for the quarter, compared to the consensus estimate of $719.97 million. OGE Energy had a net margin of 15.27% and a return on equity of 10.60%. The company's revenue was up 11.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.51 EPS. On average, equities research analysts predict that OGE Energy Corporation will post 2.27 EPS for the current year.

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.