Corient Private Wealth LP Buys 30,367 Shares of OGE Energy Corporation $OGE

Corient Private Wealth LP lifted its position in shares of OGE Energy Corporation (NYSE:OGE) by 13.7% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 252,639 shares of the utilities provider’s stock after purchasing an additional 30,367 shares during the quarter. Corient Private Wealth LP’s holdings in OGE Energy were worth $12,293,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Strs Ohio grew its holdings in OGE Energy by 4.5% during the 1st quarter. Strs Ohio now owns 5,029 shares of the utilities provider’s stock worth $241,000 after acquiring an additional 217 shares during the period. Fifth Third Wealth Advisors LLC lifted its stake in shares of OGE Energy by 3.3% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 6,740 shares of the utilities provider’s stock valued at $323,000 after purchasing an additional 218 shares during the period. Orion Porfolio Solutions LLC boosted its position in shares of OGE Energy by 3.3% during the 3rd quarter. Orion Porfolio Solutions LLC now owns 6,979 shares of the utilities provider’s stock valued at $323,000 after purchasing an additional 222 shares in the last quarter. Blair William & Co. IL grew its stake in OGE Energy by 0.9% during the third quarter. Blair William & Co. IL now owns 27,454 shares of the utilities provider’s stock worth $1,270,000 after purchasing an additional 234 shares during the period. Finally, Caitong International Asset Management Co. Ltd grew its stake in OGE Energy by 49.4% during the third quarter. Caitong International Asset Management Co. Ltd now owns 771 shares of the utilities provider’s stock worth $36,000 after purchasing an additional 255 shares during the period. Institutional investors and hedge funds own 71.84% of the company’s stock.

OGE Energy Trading Down 0.5%

Shares of OGE stock opened at $45.78 on Friday. The business has a 50-day moving average of $47.93 and a 200 day moving average of $47.75. OGE Energy Corporation has a 1-year low of $41.69 and a 1-year high of $50.59. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.77 and a quick ratio of 0.47. The stock has a market capitalization of $9.46 billion, a PE ratio of 20.17, a P/E/G ratio of 3.39 and a beta of 0.53.

OGE Energy (NYSE:OGE) last announced its quarterly 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. OGE Energy had a net margin of 14.44% and a return on equity of 9.48%. The business had revenue of $711.90 million for the quarter, compared to analyst estimates of $782.73 million. During the same quarter last year, the firm earned $0.53 EPS. The company’s revenue was down 4.0% on a year-over-year basis. As a group, sell-side analysts anticipate that OGE Energy Corporation will post 2.42 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on OGE shares. Weiss Ratings reiterated a “buy (b)” rating on shares of OGE Energy in a report on Friday, July 31st. 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 report on Monday, May 11th. Barclays boosted their target price on shares of OGE Energy from $51.00 to $52.00 and gave the company an “overweight” rating in a report on Tuesday, July 14th. BMO Capital Markets cut their price target on OGE Energy from $50.00 to $49.00 and set a “market perform” rating for the company in a report on Wednesday, July 22nd. Finally, Morgan Stanley reduced their price target on OGE Energy from $51.00 to $49.00 and set an “equal weight” rating for the company in a research report on Friday, August 21st. Four equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $49.60.

About OGE Energy

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.