TD Asset Management Inc Sells 5,734 Shares of OGE Energy Corp. (NYSE:OGE)

TD Asset Management Inc decreased its holdings in OGE Energy Corp. (NYSE:OGE) by 9.7% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 53,122 shares of the utilities provider’s stock after selling 5,734 shares during the quarter. TD Asset Management Inc’s holdings in OGE Energy were worth $1,896,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. EverSource Wealth Advisors LLC increased its position in shares of OGE Energy by 178.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 762 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 488 shares in the last quarter. Pinnacle Bancorp Inc. increased its position in shares of OGE Energy by 392.8% during the first quarter. Pinnacle Bancorp Inc. now owns 823 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 656 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of OGE Energy during the second quarter worth $35,000. Voisard Asset Management Group Inc. acquired a new position in shares of OGE Energy during the fourth quarter worth $36,000. Finally, Allspring Global Investments Holdings LLC increased its position in shares of OGE Energy by 23.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,483 shares of the utilities provider’s stock worth $53,000 after purchasing an additional 278 shares in the last quarter. Institutional investors own 71.84% of the company’s stock.

OGE Energy Price Performance

NYSE OGE opened at $40.97 on Friday. OGE Energy Corp. has a 1 year low of $31.25 and a 1 year high of $40.98. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.71 and a quick ratio of 0.36. The company has a market cap of $8.22 billion, a price-to-earnings ratio of 20.79, a PEG ratio of 3.74 and a beta of 0.74. The stock’s fifty day moving average price is $38.55 and its 200 day moving average price is $36.07.

OGE Energy (NYSE:OGE) last posted its quarterly earnings results on Wednesday, August 7th. The utilities provider reported $0.51 EPS for the quarter, beating the consensus estimate of $0.46 by $0.05. OGE Energy had a net margin of 14.83% and a return on equity of 9.15%. The company had revenue of $662.60 million for the quarter, compared to analyst estimates of $837.51 million. During the same period in the prior year, the company earned $0.44 earnings per share. The firm’s revenue was up 9.5% on a year-over-year basis. As a group, equities research analysts forecast that OGE Energy Corp. will post 2.14 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Barclays upped their price target on OGE Energy from $36.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Monday, August 12th. Evercore ISI upped their price target on OGE Energy from $36.00 to $40.00 and gave the stock an “in-line” rating in a research report on Thursday, August 8th. Finally, Argus downgraded OGE Energy from a “buy” rating to a “hold” rating in a research report on Thursday, May 23rd. Seven research analysts have rated the stock with a hold rating, According to MarketBeat.com, OGE Energy currently has an average rating of “Hold” and an average target price of $35.33.

OGE Energy Company Profile

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.