Mutual of America Capital Management LLC sells 4,518 shares of OGE Energy Corp. (NYSE:OGE)

Mutual of America Capital Management LLC reduced its holdings in shares of OGE Energy Corp. (NYSE:OGE – Free Report) by 3.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 114,823 shares of the utilities provider’s stock after selling 4,518 shares during the quarter. Mutual of America Capital Management LLC owned about 0.06% of OGE Energy worth $4,099,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of OGE. Dimensional Fund Advisors LP raised its holdings in OGE Energy by 11.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,419,650 shares of the utilities provider’s stock valued at $49,589,000 after purchasing another 144,487 shares during the period. Norges Bank bought a new position in shares of OGE Energy in the fourth quarter valued at $49,274,000. Clearbridge Investments LLC bought a new position in shares of OGE Energy in the fourth quarter valued at $208,000. Corient Private Wealth LLC bought a new position in shares of OGE Energy in the fourth quarter valued at $491,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of OGE Energy by 178.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 762 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 488 shares during the period. Institutional investors own 71.84% of the company’s shares.

OGE energy stock by 1.5%

Shares of NYSE:OGE opened at $40.71 on Monday. OGE Energy Corp. it has a 52-week low of $31.25 and a 52-week high of $41.48. The firm has a fifty day moving average of $39.14 and a 200 day moving average of $36.42. The firm has a market cap of $8.16 billion, a PE ratio of 20.66, a price-to-earnings-growth ratio of 3.75 and a beta of 0.74. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.36, and a current ratio of 0.71.

OGE Energy (NYSE:OGE – Get Your Free Report ) last posted its quarterly earnings results on Wednesday, August 7th. The utilities provider reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.05. OGE Energy had a net margin of 14.83% and a return on equity of 9.15%. The business had revenue of $662.60 million during the quarter, compared to analyst estimates of $837.51 million. During the same period last year, the company posted earnings of $0.44 per share. The company’s revenue increased by 9.5% year-on-year. As a group, research analysts anticipate that OGE Energy Corp. will post 2.14 EPS for the current fiscal year.

Analysts on Wall Street are forecasting an increase

OGE has been the subject of several research analyst reports. Barclays upped their target price on shares of OGE Energy from $36.00 to $39.00 and gave the stock an “equal weight” rating in a report on Monday, August 12th. Jefferies Financial Group initiated coverage on shares of OGE Energy in a report on Thursday. They issued a “buy” rating and a $46.00 target price on the stock. Finally, Evercore ISI upped their target price on shares of OGE Energy from $36.00 to $40.00 and gave the stock an “in-line” rating in a report on Thursday, August 8th. Seven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, OGE Energy has a consensus rating of “Hold” and a consensus price target of $36.86.

Get the latest research report on OGE Energy

OGE Energy company profile

(Free Report)

OGE Energy Corp., together with its subsidiaries, operates as an energy service provider in the United States. The company generates, transmits, distributes and sells electricity. In addition, it provides retail electric service to approximately 896,000 customers covering a service area of ​​approximately 30,000 square miles in Oklahoma and western Arkansas; and owns and operates coal, natural gas, wind and solar generation assets.

Featured stories

Want to see what other hedge funds OGE owns? Visit HoldingsChannel.com to get the latest 13F filings and insider trading for OGE Energy Corp. (NYSE:OGE – Free Report).

Get news and reviews for OGE Energy Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for OGE Energy and related companies with MarketBeat.com ‘s FREE daily email newsletter.