Keystone Financial Planning Lowers stake in OGE Energy Corp. (OGE)

OGE Energy Corp. (OGE) : Keystone Financial Planning reduced its stake in OGE Energy Corp. by 13.98% during the most recent quarter end. The investment management company now holds a total of 128,860 shares of OGE Energy Corp. which is valued at $3.6 Million after selling 20,940 shares in OGE Energy Corp. according to a report filed by the company on Apr 5, 2016 with the SEC.OGE Energy Corp. makes up approximately 2.56% of Keystone Financial Planning’s portfolio.

Other Hedge Funds, Including , Weaver C. Barksdale Associates reduced its stake in OGE by selling 47 shares or 12.57% in the most recent quarter. The Hedge Fund company now holds 327 shares of OGE which is valued at $9,094. OGE Energy Corp. makes up approx 0.01% of Weaver C. Barksdale Associates’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. closed down -0.41 points or -1.45% at $27.81 with 14,90,625 shares getting traded on Monday. Post opening the session at $28.11, the shares hit an intraday low of $27.77 and an intraday high of $28.36 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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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