Here is What Hedge Funds Think About OGE Energy Corp. (OGE)

Page 1 of 2

OGE Energy Corp. (NYSE:OGE) investors should pay attention to a decrease in hedge fund sentiment lately.

OGE Energy Corp. (NYSE:OGE)According to most investors, hedge funds are perceived as unimportant, old financial tools of yesteryear. While there are more than 8000 funds in operation at the moment, we look at the leaders of this club, about 450 funds. It is estimated that this group controls the majority of the hedge fund industry’s total capital, and by paying attention to their highest performing picks, we have identified a few investment strategies that have historically outstripped the market. Our small-cap hedge fund strategy outpaced the S&P 500 index by 18 percentage points per year for a decade in our back tests, and since we’ve started sharing our picks with our subscribers at the end of August 2012, we have outpaced the S&P 500 index by 23.3 percentage points in 8 months (see all of our picks from August).

Equally as important, positive insider trading activity is another way to parse down the stock market universe. Just as you’d expect, there are a number of stimuli for an upper level exec to downsize shares of his or her company, but just one, very simple reason why they would behave bullishly. Many academic studies have demonstrated the impressive potential of this tactic if you know where to look (learn more here).

Keeping this in mind, let’s take a peek at the key action encompassing OGE Energy Corp. (NYSE:OGE).

Hedge fund activity in OGE Energy Corp. (NYSE:OGE)

At the end of the first quarter, a total of 8 of the hedge funds we track were long in this stock, a change of -33% from the first quarter. With the smart money’s positions undergoing their usual ebb and flow, there exists a few key hedge fund managers who were increasing their holdings meaningfully.

When looking at the hedgies we track, Israel Englander’s Millennium Management had the most valuable position in OGE Energy Corp. (NYSE:OGE), worth close to $51.7 million, comprising 0.2% of its total 13F portfolio. Coming in second is Dmitry Balyasny of Balyasny Asset Management, with a $48 million position; the fund has 0.7% of its 13F portfolio invested in the stock. Remaining hedge funds that hold long positions include Daniel S. Och’s OZ Management, Phill Gross and Robert Atchinson’s Adage Capital Management and Cliff Asness’s AQR Capital Management.

Because OGE Energy Corp. (NYSE:OGE) has faced falling interest from the smart money, logic holds that there exists a select few hedgies who sold off their full holdings last quarter. Intriguingly, Charles Clough’s Clough Capital Partners dropped the largest investment of the 450+ funds we monitor, totaling an estimated $19.2 million in stock., and Matthew Tewksbury of Stevens Capital Management was right behind this move, as the fund said goodbye to about $3.1 million worth. These moves are intriguing to say the least, as total hedge fund interest was cut by 4 funds last quarter.

How are insiders trading OGE Energy Corp. (NYSE:OGE)?

Bullish insider trading is particularly usable when the company in focus has seen transactions within the past 180 days. Over the last half-year time period, OGE Energy Corp. (NYSE:OGE) has experienced zero unique insiders buying, and 11 insider sales (see the details of insider trades here).

Let’s go over hedge fund and insider activity in other stocks similar to OGE Energy Corp. (NYSE:OGE). These stocks are Brookfield Infrastructure Partners L.P. (NYSE:BIP), Alliant Energy Corporation (NYSE:LNT), Pinnacle West Capital Corporation (NYSE:PNW), CMS Energy Corporation (NYSE:CMS), and SCANA Corporation (NYSE:SCG). This group of stocks belong to the electric utilities industry and their market caps resemble OGE’s market cap.

Page 1 of 2
blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

10 Best States To Practice Medicine

The 10 Best States to Have a Business

The 12 Most Expensive Apple (AAPL) Apps in the Market

The 10 Richest Billionaires in the World

10 Biggest Kickstarter Failures

The 10 Best Places to Work At

The Top 10 of Google Inc (GOOGL)’s Most Expensive Acquisitions

13 Best Cities to Visit in South America

10 Most Expensive Works of Art of All Time

The 10 Richest Banks in the World

The 10 Best-Paying Jobs in America (2014)

7 Most Expensive Foods in the World

The World’s Top 10 Earning Authors

Five Wicked and Very Expensive Items (and Other “Stuff”) Sold on eBay

10 Biggest Celebrity Bankruptcies

The Top 10 Highest Paid CEOs in 2014

The 10 Most Expensive Real Estate Cities in America

10 Most Expensive States To Live In America

The 10 Best Airlines in the World

The 10 Best-Selling Cars in 2014

The 10 Best Industries to Invest In

The 10 Most Expensive States to Own a Car In

Top 10 Business Schools in US: 2014 Rankings

Top 20 Female Billionaires in 2014

6 Movies That You Should Watch to Better Understand The Cold War

Top 15 Best Paying Jobs for Women in 2014

Top 6 Things Rich People Do Differently Every Day

5 Retirement Mistakes To Avoid (and Einstein’s Famous Quote)

11 Smartest People in the World

6 Films About the Financial World You Need To Watch (While “The Wolf” is Not Around)

Warren Buffett and Billionaires Are Crazy About These 7 Stocks

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

Top 9 Most Popular Free iPhone Apps

Top 10 Least Expensive Private Business Schools in the US

Top 15 Most Expensive Countries in the World – 2014

Top 6 Tax Scams and How to Protect Yourself

Top Businesses to Invest In

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!