OGE Energy Corp. (OGE) Reaches $30.74 52 Week Low; Portolan Capital Management Raised Skechers Usa (SKX) Position By $3.09 Million

January 14, 2018 - By Stephen Andrade

Portolan Capital Management Llc increased Skechers Usa Inc. (SKX) stake by 26.12% reported in 2017Q3 SEC filing. Portolan Capital Management Llc acquired 123,783 shares as Skechers Usa Inc. (SKX)’s stock declined 10.77%. The Portolan Capital Management Llc holds 597,652 shares with $15.00M value, up from 473,869 last quarter. Skechers Usa Inc. now has $6.11 billion valuation. The stock decreased 0.36% or $0.14 during the last trading session, reaching $38.55. About 1.53 million shares traded. Skechers U.S.A., Inc. (NYSE:SKX) has declined 20.35% since January 14, 2017 and is downtrending. It has underperformed by 37.05% the S&P500.

The stock of OGE Energy Corp. (NYSE:OGE) hit a new 52-week low and has $29.82 target or 3.00% below today’s $30.74 share price. The 6 months bearish chart indicates high risk for the $6.14B company. The 1-year low was reported on Jan, 14 by Barchart.com. If the $29.82 price target is reached, the company will be worth $184.17 million less. The stock decreased 1.63% or $0.51 during the last trading session, reaching $30.74. About 1.43 million shares traded or 28.00% up from the average. OGE Energy Corp. (NYSE:OGE) has risen 12.79% since January 14, 2017 and is uptrending. It has underperformed by 3.91% the S&P500.

Since August 7, 2017, it had 0 insider buys, and 2 selling transactions for $214,418 activity. CORBETT LUKE R also sold $45,393 worth of OGE Energy Corp. (NYSE:OGE) shares. On Monday, August 7 Forbes H Scott sold $169,025 worth of OGE Energy Corp. (NYSE:OGE) or 4,670 shares.

OGE Energy Corp., together with its subsidiaries, operates as an energy and energy services well-known provider that offers physical delivery and related services for electricity and natural gas primarily in the south central United States. The company has market cap of $6.14 billion. The firm operates in two divisions, Electric Utility and Natural Gas Midstream Operations. It has a 16.09 P/E ratio. The Electric Utility segment generates, transmits, distributes, and sells electric energy in Oklahoma and western Arkansas.

Analysts await OGE Energy Corp. (NYSE:OGE) to report earnings on February, 22. They expect $0.28 earnings per share, down 3.45% or $0.01 from last year’s $0.29 per share. OGE’s profit will be $55.92 million for 27.45 P/E if the $0.28 EPS becomes a reality. After $0.92 actual earnings per share reported by OGE Energy Corp. for the previous quarter, Wall Street now forecasts -69.57% negative EPS growth.

Among 10 analysts covering OGE Energy (NYSE:OGE), 2 have Buy rating, 1 Sell and 7 Hold. Therefore 20% are positive. OGE Energy had 20 analyst reports since August 7, 2015 according to SRatingsIntel. The rating was maintained by Jefferies with “Hold” on Wednesday, September 27. Barclays Capital maintained OGE Energy Corp. (NYSE:OGE) on Friday, March 18 with “Equal-Weight” rating. The stock of OGE Energy Corp. (NYSE:OGE) has “Hold” rating given on Friday, July 21 by Jefferies. The firm has “Hold” rating by Goldman Sachs given on Thursday, July 20. The rating was downgraded by Edward Jones to “Hold” on Wednesday, December 27. KeyBanc Capital Markets maintained the shares of OGE in report on Wednesday, October 18 with “Hold” rating. Wunderlich maintained the stock with “Hold” rating in Friday, November 6 report. Wunderlich maintained the stock with “Hold” rating in Thursday, December 3 report. Bank of America initiated the stock with “Sell” rating in Tuesday, October 24 report. The firm has “Market Perform” rating by Wells Fargo given on Friday, October 6.

Investors sentiment increased to 1 in Q3 2017. Its up 0.16, from 0.84 in 2017Q2. It increased, as 22 investors sold OGE Energy Corp. shares while 110 reduced holdings. 33 funds opened positions while 99 raised stakes. 123.28 million shares or 0.34% less from 123.70 million shares in 2017Q2 were reported. Dimensional Fund Advisors Lp reported 0.01% of its portfolio in OGE Energy Corp. (NYSE:OGE). Gateway Invest Advisers Lc owns 305,148 shares. 8,435 were accumulated by Toronto Dominion Fincl Bank. Guggenheim Cap Ltd Com has invested 0.07% of its portfolio in OGE Energy Corp. (NYSE:OGE). Waddell & Reed Fincl Inc has invested 0.02% in OGE Energy Corp. (NYSE:OGE). Apg Asset Mngmt Nv holds 330,769 shares or 0.02% of its portfolio. Jpmorgan Chase And holds 0.01% of its portfolio in OGE Energy Corp. (NYSE:OGE) for 629,625 shares. Fincl Counselors Inc invested 0.02% in OGE Energy Corp. (NYSE:OGE). Pictet Asset Management Limited holds 899,091 shares or 0.09% of its portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) owns 39,111 shares. Fmr Ltd Liability Co holds 0.02% in OGE Energy Corp. (NYSE:OGE) or 4.84 million shares. The Texas-based Hilltop has invested 0.27% in OGE Energy Corp. (NYSE:OGE). Credit Suisse Ag stated it has 425,821 shares or 0.01% of all its holdings. North Point Portfolio Managers Corporation Oh holds 0.04% or 7,200 shares in its portfolio. Hirtle Callaghan Limited Liability holds 0.05% or 14,800 shares in its portfolio.

Among 18 analysts covering Skechers Usa Inc. (NYSE:SKX), 15 have Buy rating, 0 Sell and 3 Hold. Therefore 83% are positive. Skechers Usa Inc. had 61 analyst reports since July 22, 2015 according to SRatingsIntel. The rating was initiated by Standpoint Research on Monday, October 3 with “Buy”. On Thursday, December 1 the stock rating was upgraded by Buckingham Research to “Buy”. As per Tuesday, August 23, the company rating was maintained by Citigroup. Buckingham Research maintained it with “Buy” rating and $32 target in Monday, September 25 report. Macquarie Research initiated the stock with “Outperform” rating in Thursday, April 7 report. The firm has “Buy” rating by Cowen & Co given on Monday, August 14. The company was maintained on Friday, July 21 by Citigroup. The stock of Skechers U.S.A., Inc. (NYSE:SKX) earned “Hold” rating by Wedbush on Friday, July 21. The stock of Skechers U.S.A., Inc. (NYSE:SKX) earned “Neutral” rating by Citigroup on Friday, October 21. The firm earned “Buy” rating on Thursday, July 30 by Monness Crespi & Hardt.

Investors sentiment decreased to 1.27 in 2017 Q3. Its down 0.14, from 1.41 in 2017Q2. It worsened, as 33 investors sold SKX shares while 63 reduced holdings. 38 funds opened positions while 84 raised stakes. 101.97 million shares or 0.21% less from 102.18 million shares in 2017Q2 were reported. Victory Cap Management reported 0.01% stake. Kennedy Capital Mgmt reported 694,104 shares or 0.31% of all its holdings. Proshare Advisors Lc stated it has 0% of its portfolio in Skechers U.S.A., Inc. (NYSE:SKX). Janney Montgomery Scott Limited invested in 36,699 shares or 0.01% of the stock. Advisory Network Ltd, a Georgia-based fund reported 1,023 shares. Jpmorgan Chase owns 1.31 million shares or 0.01% of their US portfolio. Manufacturers Life Insur The holds 0.01% or 197,201 shares in its portfolio. Principal owns 566,376 shares. Aqr Cap Mgmt Ltd Liability Company has invested 0.02% in Skechers U.S.A., Inc. (NYSE:SKX). Winfield Associates Incorporated holds 60 shares or 0% of its portfolio. Guggenheim Limited Liability Company reported 0.02% stake. 1.01M were accumulated by Goldman Sachs Incorporated. 1.44M were reported by Morgan Stanley. Investment Centers Of America, a North Dakota-based fund reported 11,212 shares. 1492 Capital Mgmt Limited Liability reported 2.78% in Skechers U.S.A., Inc. (NYSE:SKX).

Portolan Capital Management Llc decreased Maxwell Technologies Inc. (NASDAQ:MXWL) stake by 192,166 shares to 230,699 valued at $1.18 million in 2017Q3. It also reduced Nuance Communications Inc. (NASDAQ:NUAN) stake by 182,546 shares and now owns 67,914 shares. Alarm.Com Holdings Inc. was reduced too.

Since August 24, 2017, it had 0 insider buys, and 2 selling transactions for $879,049 activity. SISKIND RICHARD sold 25,500 shares worth $851,700. PACCIONE PHILLIP sold $27,349 worth of stock or 1,004 shares.

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