BTG Pactual Asset Management US LLC Acquires 139,663 Shares of OGE Energy Corporation $OGE

BTG Pactual Asset Management US LLC lifted its stake in OGE Energy Corporation (NYSE:OGE) by 116.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 259,375 shares of the utilities provider’s stock after buying an additional 139,663 shares during the period. OGE Energy makes up approximately 0.8% of BTG Pactual Asset Management US LLC’s holdings, making the stock its 21st largest holding. BTG Pactual Asset Management US LLC’s holdings in OGE Energy were worth $12,621,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Root Financial Partners LLC raised its stake in shares of OGE Energy by 111.3% during the first quarter. Root Financial Partners LLC now owns 598 shares of the utilities provider’s stock valued at $29,000 after acquiring an additional 315 shares during the last quarter. Capital Advisors Ltd. LLC boosted its position in shares of OGE Energy by 14,780.0% during the first quarter. Capital Advisors Ltd. LLC now owns 744 shares of the utilities provider’s stock valued at $36,000 after purchasing an additional 739 shares in the last quarter. Clearstead Trust LLC purchased a new stake in shares of OGE Energy in the 2nd quarter worth about $37,000. Caitong International Asset Management Co. Ltd increased its stake in shares of 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 valued at $36,000 after purchasing an additional 255 shares in the last quarter. Finally, State of Wyoming bought a new position in OGE Energy during the 2nd quarter valued at approximately $34,000. 71.84% of the stock is currently owned by institutional investors.

OGE Energy Price Performance

Shares of OGE Energy stock opened at $45.78 on Monday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.47 and a current ratio of 0.77. OGE Energy Corporation has a one year low of $41.69 and a one year high of $50.59. The stock has a market cap of $9.46 billion, a price-to-earnings ratio of 20.17, a price-to-earnings-growth ratio of 3.39 and a beta of 0.53. The stock has a 50 day moving average price of $47.93 and a 200-day moving average price of $47.77.

OGE Energy (NYSE:OGE) last released its earnings results on Tuesday, July 28th. The utilities provider reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.01. The firm had revenue of $711.90 million during the quarter, compared to analyst estimates of $782.73 million. OGE Energy had a net margin of 14.44% and a return on equity of 9.48%. The business’s revenue was down 4.0% on a year-over-year basis. During the same quarter last year, the business earned $0.53 EPS. Equities analysts expect that OGE Energy Corporation will post 2.42 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have issued reports on OGE shares. Barclays lifted their target price on shares of OGE Energy from $51.00 to $52.00 and gave the stock an “overweight” rating in a report on Tuesday, July 14th. Wall Street Zen raised OGE Energy from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. BMO Capital Markets cut their price objective on shares of OGE Energy from $50.00 to $49.00 and set a “market perform” rating for the company in a research report on Wednesday, July 22nd. Weiss Ratings reissued a “buy (b)” rating on shares of OGE Energy in a report on Friday, July 31st. Finally, Morgan Stanley lowered their price objective on OGE Energy from $51.00 to $49.00 and set an “equal weight” rating on the stock in a research report on Friday, August 21st. Four investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target 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.