Mercer Capital Advisers buys $188,626 stake in OGE Energy Corp. (OGE)

OGE Energy Corp. (OGE) : Mercer Capital Advisers scooped up 57 additional shares in OGE Energy Corp. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 6,817 shares of OGE Energy Corp. which is valued at $188,626.OGE Energy Corp. makes up approximately 0.16% of Mercer Capital Advisers’s portfolio.

OGE Energy Corp. opened for trading at $28.38 and hit $29.23 on the upside on Wednesday, eventually ending the session at $29.06, with a gain of 2.50% or 0.71 points. The heightened volatility saw the trading volume jump to 16,94,060 shares. Company has a market cap of $5,803 M.

Other Hedge Funds, Including , Gw Henssler Associates Ltd boosted its stake in OGE in the latest quarter, The investment management firm added 76,120 additional shares and now holds a total of 364,741 shares of OGE Energy Corp. which is valued at $10,092,383. OGE Energy Corp. makes up approx 1.17% of Gw Henssler Associates Ltd’s portfolio. Advocacy Wealth Management Services added OGE to its portfolio by purchasing 311 company shares during the most recent quarter which is valued at $8,605. Breton Hill Capital Ltd. added OGE to its portfolio by purchasing 7,300 company shares during the most recent quarter which is valued at $206,882. OGE Energy Corp. makes up approx 0.08% of Breton Hill Capital Ltd.’s portfolio.Capstone Asset Management Co boosted its stake in OGE in the latest quarter, The investment management firm added 60 additional shares and now holds a total of 18,289 shares of OGE Energy Corp. which is valued at $518,310. OGE Energy Corp. makes up approx 0.01% of Capstone Asset Management Co’s portfolio.

On the company’s financial health, OGE Energy Corp. reported $0.15 EPS for the quarter, missing the analyst consensus estimate by $ -0.05 based on the information available during the earnings call on Feb 26, 2016. Analyst had a consensus of $0.20. The company had revenue of $447.10 million for the quarter.The company’s revenue was down -15.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.29 EPS.

OGE Energy Corp. (OGE Energy) is an energy and energy services provider offering physical delivery and related services for both electricity and natural gas in the south central United States. The Company operates through two business segments: electric utility and natural gas midstream operations. The electric utility segment generates transmits distributes and sells electric energy in Oklahoma and western Arkansas. Its operations are conducted through Oklahoma Gas and Electric Company (OG&E) a wholly owned subsidiary of the Company and an electric utility-based in Oklahoma with its franchised service territory at the Fort Smith Arkansas area. The natural gas midstream operations segment through its investment in Enable Midstream Partners LP (Enable) through its wholly owned subsidiary OGE Holdings which is engaged in the business of gathering processing transporting and storing natural gas.

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