Townsquare Capital LLC Has $530,000 Holdings in OGE Energy Corporation (NYSE:OGE)

Townsquare Capital LLC boosted its holdings in shares of OGE Energy Corporation (NYSE:OGE) by 15.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,529 shares of the utilities provider’s stock after purchasing an additional 1,526 shares during the period. Townsquare Capital LLC’s holdings in OGE Energy were worth $530,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of OGE. Merewether Investment Management LP acquired a new stake in shares of OGE Energy in the fourth quarter valued at $44,470,000. Massachusetts Financial Services Co. MA bought a new stake in OGE Energy during the 1st quarter worth about $40,429,000. T. Rowe Price Investment Management Inc. grew its holdings in OGE Energy by 15.8% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 6,174,558 shares of the utilities provider’s stock worth $254,701,000 after acquiring an additional 844,679 shares during the last quarter. Northern Trust Corp increased its position in OGE Energy by 29.3% in the 4th quarter. Northern Trust Corp now owns 3,562,014 shares of the utilities provider’s stock valued at $146,933,000 after acquiring an additional 807,690 shares in the last quarter. Finally, Point72 Asset Management L.P. bought a new position in shares of OGE Energy in the fourth quarter worth about $29,245,000. Institutional investors own 71.84% of the company’s stock.

Insider Transactions at OGE Energy

In other news, VP Donnie O. Jones sold 11,351 shares of the company’s stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $44.06, for a total value of $500,125.06. Following the completion of the sale, the vice president directly owned 43,932 shares of the company’s stock, valued at $1,935,643.92. This represents a 20.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.55% of the company’s stock.

OGE Energy Price Performance

OGE opened at $45.04 on Friday. The company has a fifty day moving average price of $44.62 and a two-hundred day moving average price of $44.44. The firm has a market capitalization of $9.07 billion, a PE ratio of 18.46, a P/E/G ratio of 3.14 and a beta of 0.57. OGE Energy Corporation has a 52 week low of $38.90 and a 52 week high of $46.91. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.48 and a current ratio of 0.78.

OGE Energy (NYSE:OGE) last posted its quarterly 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 company had revenue of $741.60 million during the quarter, compared to the consensus estimate of $719.97 million. During the same quarter in the prior year, the business earned $0.51 earnings per share. The firm’s revenue for the quarter was up 11.9% on a year-over-year basis. As a group, analysts anticipate that OGE Energy Corporation will post 2.27 earnings per share for the current year.

Analyst Upgrades and Downgrades

OGE has been the topic of a number of research reports. Wells Fargo & Company upped their target price on shares of OGE Energy from $46.00 to $47.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 1st. Wall Street Zen upgraded OGE Energy from a “sell” rating to a “hold” rating in a research report on Sunday. LADENBURG THALM/SH SH raised OGE Energy to a “hold” rating in a research note on Friday, May 9th. Finally, Barclays raised OGE Energy from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $45.00 to $47.00 in a research note on Thursday, June 5th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus 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.