OGE Energy Corporation (OGE) Position Boosted by Thrivent Financial For Lutherans

Thrivent Financial For Lutherans boosted its stake in OGE Energy Corporation (NYSE:OGE) by 2,638.5% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,031,862 shares of the utilities provider’s stock after buying an additional 994,182 shares during the period. Thrivent Financial For Lutherans owned 0.52% of OGE Energy Corporation worth $35,898,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Amalgamated Bank grew its position in OGE Energy Corporation by 24.2% in the 2nd quarter. Amalgamated Bank now owns 39,225 shares of the utilities provider’s stock valued at $1,365,000 after buying an additional 7,651 shares in the last quarter. BlackRock Inc. grew its position in OGE Energy Corporation by 1.1% in the 2nd quarter. BlackRock Inc. now owns 21,857,996 shares of the utilities provider’s stock valued at $760,438,000 after buying an additional 237,463 shares in the last quarter. Ameriprise Financial Inc. grew its position in OGE Energy Corporation by 4.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 608,401 shares of the utilities provider’s stock valued at $21,167,000 after buying an additional 28,007 shares in the last quarter. Raymond James Trust N.A. grew its position in OGE Energy Corporation by 5.4% in the 2nd quarter. Raymond James Trust N.A. now owns 12,832 shares of the utilities provider’s stock valued at $447,000 after buying an additional 656 shares in the last quarter. Finally, Riverhead Capital Management LLC grew its position in OGE Energy Corporation by 68.9% in the 2nd quarter. Riverhead Capital Management LLC now owns 16,215 shares of the utilities provider’s stock valued at $564,000 after buying an additional 6,615 shares in the last quarter. Hedge funds and other institutional investors own 62.54% of the company’s stock.

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A number of equities analysts recently issued reports on the stock. Zacks Investment Research lowered shares of OGE Energy Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th. Jefferies Group LLC reiterated a “hold” rating and issued a $37.00 target price (up previously from $35.00) on shares of OGE Energy Corporation in a research report on Wednesday, August 9th. KeyCorp restated a “hold” rating on shares of OGE Energy Corporation in a research report on Friday, September 1st. Evercore ISI assumed coverage on shares of OGE Energy Corporation in a research report on Monday, July 24th. They set an “outperform” rating and a $37.00 price objective for the company. Finally, BidaskClub upgraded shares of OGE Energy Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $35.17.

OGE Energy Corporation (NYSE:OGE) traded up 0.19% during trading on Monday, hitting $36.38. 38,004 shares of the stock traded hands. The firm’s 50-day moving average is $35.94 and its 200 day moving average is $35.41. OGE Energy Corporation has a 52 week low of $29.57 and a 52 week high of $37.40. The stock has a market cap of $7.27 billion, a P/E ratio of 19.05 and a beta of 0.88.

OGE Energy Corporation (NYSE:OGE) last announced its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $0.52 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.05. The firm had revenue of $586.40 million during the quarter, compared to analysts’ expectations of $563.00 million. OGE Energy Corporation had a return on equity of 11.06% and a net margin of 16.50%. The company’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.35 EPS. Equities research analysts forecast that OGE Energy Corporation will post $1.97 earnings per share for the current fiscal year.

In other news, Director Luke R. Corbett sold 1,250 shares of the business’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $36.31, for a total transaction of $45,387.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider H Scott Forbes sold 4,670 shares of the business’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $36.19, for a total value of $169,007.30. Following the transaction, the insider now owns 18,311 shares of the company’s stock, valued at $662,675.09. The disclosure for this sale can be found here. Insiders own 0.48% of the company’s stock.

OGE Energy Corporation Company Profile

OGE Energy Corp. (OGE Energy) is an energy and energy services provider offering physical delivery and related services for both electricity and natural gas primarily in the south central United States. The Company operates through two segments: electric utility and natural gas midstream operations. The electric utility segment generates, transmits, distributes and sells electric energy in Oklahoma and western Arkansas.

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Institutional Ownership by Quarter for OGE Energy Corporation (NYSE:OGE)

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