Townsquare Capital LLC Has $530,000 Stock Holdings in OGE Energy Corporation (NYSE:OGE)

Townsquare Capital LLC raised its holdings in OGE Energy Corporation (NYSE:OGE) by 15.3% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 11,529 shares of the utilities provider’s stock after buying an additional 1,526 shares during the quarter. Townsquare Capital LLC’s holdings in OGE Energy were worth $530,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. T. Rowe Price Investment Management Inc. grew its stake in shares of OGE Energy by 15.8% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 6,174,558 shares of the utilities provider’s stock worth $254,701,000 after acquiring an additional 844,679 shares during the last quarter. Northern Trust Corp raised its stake in OGE Energy by 29.3% during the 4th quarter. Northern Trust Corp now owns 3,562,014 shares of the utilities provider’s stock valued at $146,933,000 after purchasing an additional 807,690 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in OGE Energy by 5.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,300,907 shares of the utilities provider’s stock valued at $94,913,000 after purchasing an additional 121,446 shares during the period. Charles Schwab Investment Management Inc. grew its position in OGE Energy by 0.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,362,207 shares of the utilities provider’s stock worth $62,607,000 after purchasing an additional 11,864 shares during the last quarter. Finally, Merewether Investment Management LP acquired a new stake in OGE Energy in the 4th quarter worth $44,470,000. Institutional investors and hedge funds own 71.84% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on OGE. LADENBURG THALM/SH SH raised shares of OGE Energy to a “hold” rating in a research report on Friday, May 9th. Wells Fargo & Company boosted their price target on OGE Energy from $46.00 to $47.00 and gave the company an “equal weight” rating in a research note on Thursday, May 1st. Barclays upgraded OGE Energy from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $45.00 to $47.00 in a research report on Thursday, June 5th. Finally, Wall Street Zen raised OGE Energy from a “sell” rating to a “hold” rating in a report on Sunday. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, OGE Energy presently has an average rating of “Moderate Buy” and an average target price of $46.80.

OGE Energy Stock Performance

NYSE OGE opened at $45.04 on Friday. OGE Energy Corporation has a twelve month low of $38.90 and a twelve month high of $46.91. The company has a quick ratio of 0.48, a current ratio of 0.78 and a debt-to-equity ratio of 1.16. The stock has a market cap of $9.07 billion, a P/E ratio of 18.46, a PEG ratio of 3.14 and a beta of 0.57. The company’s 50-day simple moving average is $44.62 and its 200 day simple moving average is $44.44.

OGE Energy (NYSE:OGE) last released its quarterly earnings data on Tuesday, July 29th. The utilities provider reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.05). The company had revenue of $741.60 million during the quarter, compared to the consensus estimate of $719.97 million. OGE Energy had a net margin of 15.27% and a return on equity of 10.60%. The company’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.51 earnings per share. As a group, research analysts forecast that OGE Energy Corporation will post 2.27 earnings per share for the current fiscal year.

Insider Transactions at OGE Energy

In other OGE Energy news, VP Donnie O. Jones sold 11,351 shares of OGE Energy stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $44.06, for a total transaction of $500,125.06. Following the completion of the transaction, the vice president directly owned 43,932 shares of the company’s stock, valued at approximately $1,935,643.92. This trade represents a 20.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.55% of the stock is owned by corporate insiders.

About OGE Energy

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