Stock On Watch: Oge Energy Corp (NYSE:OGE) Institutional Investor Positioning

November 29, 2016 - By Richard Conner   ·   0 Comments

Stock On Watch: Oge Energy Corp (NYSE:OGE) Institutional Investor Positioning

Sentiment for Oge Energy Corp (NYSE:OGE)

Oge Energy Corp (NYSE:OGE) institutional sentiment decreased to 1.09 in 2016 Q2. Its down -0.21, from 1.3 in 2016Q1. The ratio fall, as 165 institutional investors increased and started new equity positions, while 127 reduced and sold their equity positions in Oge Energy Corp. The institutional investors in our partner’s database now hold: 125.30 million shares, down from 127.04 million shares in 2016Q1. Also, the number of institutional investors holding Oge Energy Corp in their top 10 equity positions decreased from 2 to 1 for a decrease of 1. Sold All: 31 Reduced: 96 Increased: 127 New Position: 38.

OGE Energy Corp. is an energy and energy services well-known provider offering physical delivery and related services for both electricity and natural gas in the south central United States. The company has a market cap of $6.52 billion. The Firm operates through two business divisions: electric utility and natural gas midstream operations. It has a 20.85 P/E ratio. The electric utility segment generates, transmits, distributes and sells electric energy in Oklahoma and western Arkansas.

About 237,291 shares traded hands. OGE Energy Corp. (NYSE:OGE) has risen 13.12% since April 26, 2016 and is uptrending. It has outperformed by 7.86% the S&P500.

Analysts await OGE Energy Corp. (NYSE:OGE) to report earnings on February, 24. They expect $0.36 EPS, up 140.00% or $0.21 from last year’s $0.15 per share. OGE’s profit will be $72.65M for 22.44 P/E if the $0.36 EPS becomes a reality. After $0.92 actual EPS reported by OGE Energy Corp. for the previous quarter, Wall Street now forecasts -60.87% negative EPS growth.

According to Zacks Investment Research, “OGE Energy Corp. is a public utility holding company. The company’s principal subsidiary is Oklahoma Gas and Electric Company, a regulated public utility engaged in the generation, transmission and distribution of electricity to retail and wholesale customers. Its other subsidiary is Enogex Inc. Enogex owns and operates natural gas transmission and gathering pipelines, has interests in several gas processing plants, markets electricity, natural gas and natural gas liquids and invests in the drilling for and production of crude oil and natural gas.”

Southernsun Asset Management Llc holds 4.79% of its portfolio in OGE Energy Corp. for 5.58 million shares. Viking Fund Management Llc owns 280,000 shares or 1.59% of their US portfolio. Moreover, Gw Henssler & Associates Ltd has 1.42% invested in the company for 377,918 shares. The Illinois-based Duff & Phelps Investment Management Co has invested 1.13% in the stock. John G Ullman & Associates Inc, a New York-based fund reported 162,085 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 0 insider buys, and 2 selling transactions for $471,026 net activity.

OGE Energy Corp. (NYSE:OGE) Ratings Coverage

Ratings analysis reveals 0 of OGE Energy’s analysts are positive. Out of 4 Wall Street analysts rating OGE Energy, 0 give it “Buy”, 0 “Sell” rating, while 4 recommend “Hold”. The lowest target is $28 while the high is $33. The stock’s average target of $28.33 is -12.32% below today’s ($32.31) share price. OGE was included in 9 notes of analysts from August 7, 2015. The stock of OGE Energy Corp. (NYSE:OGE) has “Equal-Weight” rating given on Friday, March 18 by Barclays Capital. The firm has “Hold” rating given on Thursday, December 3 by Wunderlich. On Friday, November 6 the stock rating was maintained by Wunderlich with “Hold”. As per Monday, April 11, the company rating was downgraded by Argus Research. As per Friday, August 14, the company rating was maintained by Jefferies.

OGE Company Profile

OGE Energy Corp. (OGE Energy), incorporated on August 4, 1995, is an energy and energy services well-known provider offering physical delivery and related services for both electricity and natural gas in the south central United States. The Firm operates through two business divisions: electric utility and natural gas midstream operations. The electric utility segment generates, transmits, distributes and sells electric energy in Oklahoma and western Arkansas. The Company’s activities are conducted through Oklahoma Gas and Electric Company (OG&E). OG&E is an electric utility in Oklahoma and its franchised service territory includes the Fort Smith, Arkansas area. The natural gas midstream activities segment represents the Company’s investment in Enable Midstream Partners, LP (Enable), through its subsidiary OGE Holdings. Enable is engaged in the business of gathering, processing, transporting and storing natural gas. Enable’s natural gas gathering and processing assets are located in over four states and serve natural gas production from shale developments in the Anadarko, Arkoma and Ark-La-Tex basins. Enable also owns an emerging crude oil gathering business in the Bakken shale formation, principally located in the Williston basin. Enable’s natural gas transportation and storage assets extend from western Oklahoma and the Texas Panhandle to Alabama and from Louisiana to Illinois.

More important recent OGE Energy Corp. (NYSE:OGE) news were published by: Prnewswire.com which released: “OGE Energy Corp. reports third quarter results” on November 03, 2016, also Prnewswire.com published article titled: “OGE Energy Corp. 3rd Quarter 2016 Earnings Webcast”, Newsok.com published: “OGE Energy, third party offer to take CenterPoint’s Enable stake” on August 20, 2016. More interesting news about OGE Energy Corp. (NYSE:OGE) was released by: Prnewswire.com and their article: “OGE Energy Corp. reports earnings for 2015 and outlook for 2016” with publication date: February 26, 2016.

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By Richard Conner


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