Disciplined Investments LLC Sells 998 Shares of OGE Energy Corp. (NYSE:OGE)

Disciplined Investments LLC cut its stake in shares of OGE Energy Corp. (NYSE:OGE) by 22.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,449 shares of the utilities provider’s stock after selling 998 shares during the quarter. Disciplined Investments LLC’s holdings in OGE Energy were worth $124,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of OGE. TCI Wealth Advisors Inc. boosted its stake in OGE Energy by 579.1% during the first quarter. TCI Wealth Advisors Inc. now owns 747 shares of the utilities provider’s stock worth $28,000 after acquiring an additional 637 shares in the last quarter. Sunbelt Securities Inc. acquired a new position in OGE Energy during the first quarter worth $32,000. Mitsubishi UFJ Trust & Banking Corp raised its holdings in OGE Energy by 45.0% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 919 shares of the utilities provider’s stock worth $36,000 after buying an additional 285 shares during the last quarter. CoreCap Advisors LLC acquired a new position in OGE Energy during the fourth quarter worth $48,000. Finally, Spire Wealth Management raised its holdings in OGE Energy by 89.2% during the first quarter. Spire Wealth Management now owns 1,470 shares of the utilities provider’s stock worth $55,000 after buying an additional 693 shares during the last quarter. 66.99% of the stock is owned by institutional investors.

OGE Energy Price Performance

OGE opened at $35.77 on Friday. The firm has a market cap of $7.16 billion, a P/E ratio of 16.33, a PEG ratio of 4.82 and a beta of 0.72. The firm has a 50-day moving average of $35.00 and a 200 day moving average of $35.99. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.55 and a current ratio of 0.84. OGE Energy Corp. has a fifty-two week low of $32.78 and a fifty-two week high of $41.66.

OGE Energy (NYSE:OGE) last posted its quarterly earnings results on Tuesday, August 8th. The utilities provider reported $0.44 earnings per share for the quarter, meeting the consensus estimate of $0.44. The company had revenue of $605.00 million during the quarter, compared to analyst estimates of $784.27 million. OGE Energy had a net margin of 13.98% and a return on equity of 9.99%. The firm’s revenue for the quarter was down 24.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.36 earnings per share. On average, research analysts expect that OGE Energy Corp. will post 2.02 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on OGE. LADENBURG THALM/SH SH upgraded shares of OGE Energy from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $37.00 to $39.00 in a report on Thursday, June 15th. Barclays began coverage on shares of OGE Energy in a report on Wednesday, August 23rd. They set an “overweight” rating and a $36.00 price objective on the stock. TheStreet upgraded shares of OGE Energy from a “c+” rating to a “b” rating in a report on Thursday, June 8th. Guggenheim lowered their target price on shares of OGE Energy from $38.00 to $36.00 in a report on Friday, July 7th. Finally, StockNews.com began coverage on shares of OGE Energy in a report on Thursday, August 17th. They issued a “hold” rating for the company. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $37.88.

OGE Energy Profile

OGE Energy Corp., together with its subsidiaries, operates as an energy and energy services provider that offers physical delivery and related services in the United States. It operates through Electric Company Operations and Natural Gas Midstream segments. The company generates, transmits, distributes, and sells electric energy.