11,373 Shares in OGE Energy Corporation $OGE Bought by Focus Partners Advisor Solutions LLC

Focus Partners Advisor Solutions LLC bought a new stake in OGE Energy Corporation (NYSE:OGE) during the 2nd quarter, HoldingsChannel reports. The firm bought 11,373 shares of the utilities provider’s stock, valued at approximately $553,000.

Other institutional investors have also bought and sold shares of the company. Norges Bank acquired a new stake in OGE Energy during the 4th quarter worth about $119,028,000. Morgan Stanley lifted its stake in shares of OGE Energy by 103.2% in the 4th quarter. Morgan Stanley now owns 4,628,210 shares of the utilities provider’s stock valued at $197,625,000 after purchasing an additional 2,350,574 shares during the period. Cohen & Steers Inc. acquired a new position in shares of OGE Energy in the 4th quarter valued at about $68,460,000. Cbre Investment Management Listed Real Assets LLC lifted its stake in shares of OGE Energy by 85.8% in the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 2,215,572 shares of the utilities provider’s stock valued at $94,605,000 after purchasing an additional 1,022,863 shares during the period. Finally, Life Cycle Investment Partners Ltd bought a new stake in shares of OGE Energy during the 4th quarter valued at about $33,929,000. Institutional investors own 71.84% of the company’s stock.

OGE Energy Trading Down 0.3%

NYSE OGE opened at $47.34 on Tuesday. The company has a quick ratio of 0.47, a current ratio of 0.77 and a debt-to-equity ratio of 1.12. OGE Energy Corporation has a 52 week low of $41.69 and a 52 week high of $50.59. The business has a 50 day moving average price of $48.15 and a 200-day moving average price of $47.60. The company has a market cap of $9.78 billion, a price-to-earnings ratio of 20.85, a P/E/G ratio of 3.52 and a beta of 0.53.

OGE Energy (NYSE:OGE) last issued its earnings results on Tuesday, July 28th. The utilities provider reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.01. The company had revenue of $711.90 million for the quarter, compared to analysts’ expectations of $782.73 million. OGE Energy had a return on equity of 9.48% and a net margin of 14.44%.OGE Energy’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same period last year, the business earned $0.53 EPS. As a group, equities analysts expect that OGE Energy Corporation will post 2.42 earnings per share for the current fiscal year.

Insider Buying and Selling at OGE Energy

In other OGE Energy news, insider William H. Sultemeier sold 7,345 shares of the firm’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $47.97, for a total value of $352,339.65. Following the transaction, the insider directly owned 74,497 shares of the company’s stock, valued at approximately $3,573,621.09. This trade represents a 8.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.57% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. LADENBURG THALM/SH SH raised their target price on OGE Energy from $42.50 to $47.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th. Wall Street Zen raised OGE Energy from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. Wells Fargo & Company increased their price target on OGE Energy from $47.00 to $48.00 and gave the stock an “equal weight” rating in a report on Thursday, April 30th. Morgan Stanley set a $51.00 price objective on shares of OGE Energy in a research report on Wednesday, July 22nd. Finally, Barclays lifted their price objective on shares of OGE Energy from $51.00 to $52.00 and gave the company an “overweight” rating in a research note on Tuesday, July 14th. Four analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $49.80.

OGE Energy Profile

OGE Energy Corp. (NYSE:OGE) is an energy and infrastructure holding company headquartered in Oklahoma City, Oklahoma. Through its principal subsidiary, Oklahoma Gas & Electric Company, the company provides regulated electric service to residential, commercial and industrial customers across Oklahoma and western Arkansas. Its diversified generation mix includes coal, natural gas and wind-powered facilities, complemented by ongoing investments in grid modernization and smart technology to enhance reliability and customer satisfaction.

In addition to its core electric utility operations, OGE Energy Corp.