OGE Energy Corporation (OGE) Stake Lowered by Macquarie Group Ltd.

Macquarie Group Ltd. decreased its position in shares of OGE Energy Corporation (NYSE:OGE) by 3.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 167,427 shares of the utilities provider’s stock after selling 6,400 shares during the quarter. Macquarie Group Ltd. owned 0.08% of OGE Energy Corporation worth $5,824,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of OGE. Ffcm LLC lifted its position in OGE Energy Corporation by 199.8% during the second quarter. Ffcm LLC now owns 3,478 shares of the utilities provider’s stock valued at $121,000 after purchasing an additional 2,318 shares during the period. Blue Sky Asset Management LLC bought a new position in OGE Energy Corporation during the first quarter valued at approximately $152,000. Foster & Motley Inc. bought a new position in OGE Energy Corporation during the second quarter valued at approximately $205,000. United Services Automobile Association bought a new position in OGE Energy Corporation during the first quarter valued at approximately $228,000. Finally, Essex Financial Services Inc. lifted its position in OGE Energy Corporation by 9.8% during the second quarter. Essex Financial Services Inc. now owns 6,920 shares of the utilities provider’s stock valued at $241,000 after purchasing an additional 620 shares during the period. Hedge funds and other institutional investors own 62.53% of the company’s stock.

A number of research analysts recently weighed in on OGE shares. BidaskClub upgraded shares of OGE Energy Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. Jefferies Group LLC restated a “hold” rating and set a $37.00 price objective (up previously from $35.00) on shares of OGE Energy Corporation in a research report on Wednesday, August 9th. KeyCorp restated a “hold” rating on shares of OGE Energy Corporation in a research report on Friday, September 1st. Wells Fargo & Company downgraded shares of OGE Energy Corporation from an “outperform” rating to a “market perform” rating and set a $38.00 price objective on the stock. in a research report on Friday, October 6th. Finally, Goldman Sachs Group, Inc. (The) began coverage on shares of OGE Energy Corporation in a research report on Thursday, July 20th. They set a “neutral” rating and a $35.00 price objective on the stock. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $36.00.

In other OGE Energy Corporation news, Director Luke R. Corbett sold 1,250 shares of the firm’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $36.31, for a total value of $45,387.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider H Scott Forbes sold 4,670 shares of the firm’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $36.19, for a total value of $169,007.30. Following the completion of the sale, the insider now directly owns 18,311 shares of the company’s stock, valued at approximately $662,675.09. The disclosure for this sale can be found here. 0.48% of the stock is currently owned by company insiders.

OGE Energy Corporation (OGE) opened at 36.92 on Wednesday. The company has a market capitalization of $7.37 billion, a P/E ratio of 19.33 and a beta of 0.88. OGE Energy Corporation has a 52-week low of $29.57 and a 52-week high of $37.41. The firm has a 50-day moving average of $36.13 and a 200 day moving average of $35.38.

OGE Energy Corporation (NYSE:OGE) last released its earnings results on Thursday, August 3rd. The utilities provider reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.05. OGE Energy Corporation had a return on equity of 11.06% and a net margin of 16.50%. The company had revenue of $586.40 million during the quarter, compared to the consensus estimate of $563.00 million. During the same quarter last year, the company earned $0.35 earnings per share. OGE Energy Corporation’s quarterly revenue was up 6.3% compared to the same quarter last year. Equities analysts predict that OGE Energy Corporation will post $1.97 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 30th. Shareholders of record on Tuesday, October 10th will be issued a $0.333 dividend. This represents a $1.33 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date is Friday, October 6th. OGE Energy Corporation’s dividend payout ratio (DPR) is currently 69.63%.

WARNING: This piece was reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this piece on another publication, it was copied illegally and reposted in violation of US & international copyright legislation. The original version of this piece can be read at https://ledgergazette.com/2017/10/18/oge-energy-corporation-oge-stake-lowered-by-macquarie-group-ltd.html.

About OGE Energy Corporation

OGE Energy Corp. (OGE Energy) is an energy and energy services provider offering physical del

Several other large investors have also recently bought and sold shares of OGE. Ffcm LLC lifted its position in OGE Energy Corporation by 199.8% during the second quarter. Ffcm LLC now owns 3,478 shares of the utilities provider’s stock valued at $121,000 after purchasing an additional 2,318 shares during the period. Blue Sky Asset Management LLC bought a new position in OGE Energy Corporation during the first quarter valued at approximately $152,000. Foster & Motley Inc. bought a new position in OGE Energy Corporation during the second quarter valued at approximately $205,000. United Services Automobile Association bought a new position in OGE Energy Corporation during the first quarter valued at approximately $228,000. Finally, Essex Financial Services Inc. lifted its position in OGE Energy Corporation by 9.8% during the second quarter. Essex Financial Services Inc. now owns 6,920 shares of the utilities provider’s stock valued at $241,000 after purchasing an additional 620 shares during the period. Hedge funds and other institutional investors own 62.53% of the company’s stock.

A number of research analysts recently weighed in on OGE shares. BidaskClub upgraded shares of OGE Energy Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. Jefferies Group LLC restated a “hold” rating and set a $37.00 price objective (up previously from $35.00) on shares of OGE Energy Corporation in a research report on Wednesday, August 9th. KeyCorp restated a “hold” rating on shares of OGE Energy Corporation in a research report on Friday, September 1st. Wells Fargo & Company downgraded shares of OGE Energy Corporation from an “outperform” rating to a “market perform” rating and set a $38.00 price objective on the stock. in a research report on Friday, October 6th. Finally, Goldman Sachs Group, Inc. (The) began coverage on shares of OGE Energy Corporation in a research report on Thursday, July 20th. They set a “neutral” rating and a $35.00 price objective on the stock. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $36.00.

In other OGE Energy Corporation news, Director Luke R. Corbett sold 1,250 shares of the firm’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $36.31, for a total value of $45,387.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider H Scott Forbes sold 4,670 shares of the firm’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $36.19, for a total value of $169,007.30. Following the completion of the sale, the insider now directly owns 18,311 shares of the company’s stock, valued at approximately $662,675.09. The disclosure for this sale can be found here. 0.48% of the stock is currently owned by company insiders.

OGE Energy Corporation (OGE) opened at 36.92 on Wednesday. The company has a market capitalization of $7.37 billion, a P/E ratio of 19.33 and a beta of 0.88. OGE Energy Corporation has a 52-week low of $29.57 and a 52-week high of $37.41. The firm has a 50-day moving average of $36.13 and a 200 day moving average of $35.38.

OGE Energy Corporation (NYSE:OGE) last released its earnings results on Thursday, August 3rd. The utilities provider reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.05. OGE Energy Corporation had a return on equity of 11.06% and a net margin of 16.50%. The company had revenue of $586.40 million during the quarter, compared to the consensus estimate of $563.00 million. During the same quarter last year, the company earned $0.35 earnings per share. OGE Energy Corporation’s quarterly revenue was up 6.3% compared to the same quarter last year. Equities analysts predict that OGE Energy Corporation will post $1.97 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 30th. Shareholders of record on Tuesday, October 10th will be issued a $0.333 dividend. This represents a $1.33 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date is Friday, October 6th. OGE Energy Corporation’s dividend payout ratio (DPR) is currently 69.63%.

WARNING: This piece was reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this piece on another publication, it was copied illegally and reposted in violation of US & international copyright legislation. The original version of this piece can be read at https://ledgergazette.com/2017/10/18/oge-energy-corporation-oge-stake-lowered-by-macquarie-group-ltd.html.

About OGE Energy Corporation

OGE Energy Corp. (OGE Energy) is an energy and energy services provider offering physical delivery and related services for both electricity and natural gas primarily in the south central United States. The Company operates through two segments: electric utility and natural gas midstream operations. The electric utility segment generates, transmits, distributes and sells electric energy in Oklahoma and western Arkansas.

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Institutional Ownership by Quarter for OGE Energy Corporation (NYSE:OGE)

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