Independent Portfolio Consultants Lowers stake in OGE Energy Corp. (OGE)

OGE Energy Corp. (OGE) : Independent Portfolio Consultants reduced its stake in OGE Energy Corp. by 3.89% during the most recent quarter end. The investment management company now holds a total of 50,275 shares of OGE Energy Corp. which is valued at $1,526,852 after selling 2,035 shares in OGE Energy Corp. , the firm said in a disclosure report filed with the SEC on Oct 5, 2016.OGE Energy Corp. makes up approximately 0.48% of Independent Portfolio Consultants’s portfolio.

Other Hedge Funds, Including , Bnp Paribas Arbitrage Sa reduced its stake in OGE by selling 65,560 shares or 68.33% in the most recent quarter. The Hedge Fund company now holds 30,390 shares of OGE which is valued at $922,944. Eqis Capital Management added OGE to its portfolio by purchasing 6,713 company shares during the most recent quarter which is valued at $203,874. OGE Energy Corp. makes up approx 0.01% of Eqis Capital Management’s portfolio. Washington Trust Bank added OGE to its portfolio by purchasing 54 company shares during the most recent quarter which is valued at $1,640.

OGE Energy Corp. closed down -0.86 points or -2.74% at $30.48 with 12,60,280 shares getting traded on Tuesday. Post opening the session at $31.34, the shares hit an intraday low of $30.3 and an intraday high of $31.34 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, OGE Energy Corp. reported $0.35 EPS for the quarter, missing the analyst consensus estimate by $ -0.06 based on the information available during the earnings call on Aug 4, 2016. Analyst had a consensus of $0.41. The company had revenue of $551.40 million for the quarter.The company’s revenue was up .3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.44 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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