Uss Investment Management Ltd Lowers stake in OGE Energy Corp. (OGE)

OGE Energy Corp. (OGE) : Uss Investment Management Ltd reduced its stake in OGE Energy Corp. by 5.18% during the most recent quarter end. The investment management company now holds a total of 221,310 shares of OGE Energy Corp. which is valued at $6,884,954 after selling 12,100 shares in OGE Energy Corp. , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.OGE Energy Corp. makes up approximately 0.11% of Uss Investment Management Ltd’s portfolio.

Other Hedge Funds, Including , Tradelink Capital sold out all of its stake in OGE during the most recent quarter. The investment firm sold 7,277 shares of OGE which is valued $226,387.Sumitomo Mitsui Asset Management Company Ltd boosted its stake in OGE in the latest quarter, The investment management firm added 204 additional shares and now holds a total of 13,589 shares of OGE Energy Corp. which is valued at $437,158. OGE Energy Corp. makes up approx 0.01% of Sumitomo Mitsui Asset Management Company Ltd’s portfolio.New York State Teachers Retirement System reduced its stake in OGE by selling 982 shares or 0.32% in the most recent quarter. The Hedge Fund company now holds 303,236 shares of OGE which is valued at $9,906,720. OGE Energy Corp. makes up approx 0.03% of New York State Teachers Retirement System’s portfolio. Kanaly Trust Co sold out all of its stake in OGE during the most recent quarter. The investment firm sold 9 shares of OGE which is valued $294.

OGE Energy Corp. opened for trading at $31.05 and hit $31.36 on the upside on Thursday, eventually ending the session at $31.24, with a gain of 0.42% or 0.13 points. The heightened volatility saw the trading volume jump to 12,55,591 shares. Company has a market cap of $6,239 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.

Leave a Reply

OGE Energy Corp. - Is it time to Sell?

Top Brokerage Firms are advising their investors on OGE Energy Corp.. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.