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

Biotech Insider Alert - $6 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The Greatest Directors in the World

Largest Animals in the World

World’s Most Expensive Desserts

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

Best Travel Destinations in Australia

World’s Most Expensive Musical Instruments

World’s Most Famous Animals

Most Expensive Cakes in the World

Most Expensive Kosher Champagne in the World

Most Expensive Kosher Wine in the World

The Most Surprisingly Dark Fairy Tales

Most Popular Travel Destinations in Asia

The 10 Most Expensive Dresses Ever Worn to the Oscars

World’s Most Visited Art Museums

Best Countries for Photographers to Work in

Best Paid Jobs in the Film Industry

The Most Renowned Recovered Paintings Ever

Child Stars That Turned out Just Fine

Books That Were Banned in the Past Century

World’s Richest Dancers

Best Remedies against Bad Breath

Foods That Improve Your Skin Texture

Best-Selling Children’s Books of all Time

Foods That Boost Your Libido

Best-Selling Books of all Time

The Most Expensive Academy Awards Jewelry in History

Most Expensive Japanese Restaurant In New York City

The Best B-Boy Movies

Most Awesome Hip Hop Documentaries

Foods That Stain Your Teeth

Richest Doctors in the World

The Best Movie Sountracks Ever

The Highest Grossing Musicals on Broadway

The Most Successful Reality TV Stars

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 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!