Intrust Bank Na Lowers stake in OGE Energy Corp. (OGE)

OGE Energy Corp. (OGE) : Intrust Bank Na reduced its stake in OGE Energy Corp. by 37.23% during the most recent quarter end. The investment management company now holds a total of 37,714 shares of OGE Energy Corp. which is valued at $1,173,283 after selling 22,372 shares in OGE Energy Corp. , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.OGE Energy Corp. makes up approximately 0.46% of Intrust Bank Na’s portfolio.

Other Hedge Funds, Including , Newgate Capital Management sold out all of its stake in OGE during the most recent quarter. The investment firm sold 17,558 shares of OGE which is valued $546,229. Quantitative Investment Management sold out all of its stake in OGE during the most recent quarter. The investment firm sold 69,500 shares of OGE which is valued $2,162,145.Gw Henssler Associates Ltd boosted its stake in OGE in the latest quarter, The investment management firm added 13,177 additional shares and now holds a total of 377,918 shares of OGE Energy Corp. which is valued at $12,157,622. OGE Energy Corp. makes up approx 1.37% of Gw Henssler Associates Ltd’s portfolio. Umb Bank N Amo added OGE to its portfolio by purchasing 10,411 company shares during the most recent quarter which is valued at $328,779. OGE Energy Corp. makes up approx 0.01% of Umb Bank N Amo’s portfolio.

OGE Energy Corp. opened for trading at $30.83 and hit $31.22 on the upside on Monday, eventually ending the session at $31.04, with a gain of 0.94% or 0.29 points. The heightened volatility saw the trading volume jump to 11,29,826 shares. Company has a market cap of $6,199 M.

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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