Buckingham Asset Management Has Decreased Position in Cintas (CTAS) by $336,815; As Oge Energy (OGE) Share Value Declined, Employees Retirement System Of Texas Has Trimmed Its Stake

April 17, 2018 - By Nellie Frank

OGE Energy Corp. (NYSE:OGE) Logo

Employees Retirement System Of Texas decreased its stake in Oge Energy Corp (OGE) by 23.81% based on its latest 2017Q4 regulatory filing with the SEC. Employees Retirement System Of Texas sold 20,000 shares as the company’s stock declined 2.27% with the market. The institutional investor held 64,000 shares of the central company at the end of 2017Q4, valued at $2.11M, down from 84,000 at the end of the previous reported quarter. Employees Retirement System Of Texas who had been investing in Oge Energy Corp for a number of months, seems to be less bullish one the $6.53 billion market cap company. The stock increased 1.18% or $0.38 during the last trading session, reaching $32.68. About 623,519 shares traded. OGE Energy Corp. (NYSE:OGE) has declined 8.90% since April 17, 2017 and is downtrending. It has underperformed by 20.45% the S&P500.

Buckingham Asset Management Llc decreased its stake in Cintas Corp (CTAS) by 37.93% based on its latest 2017Q4 regulatory filing with the SEC. Buckingham Asset Management Llc sold 2,173 shares as the company’s stock rose 8.12% while stock markets declined. The institutional investor held 3,556 shares of the apparel company at the end of 2017Q4, valued at $554,000, down from 5,729 at the end of the previous reported quarter. Buckingham Asset Management Llc who had been investing in Cintas Corp for a number of months, seems to be less bullish one the $18.60 billion market cap company. The stock increased 0.80% or $1.39 during the last trading session, reaching $174.3. About 284,280 shares traded. Cintas Corporation (NASDAQ:CTAS) has risen 35.54% since April 17, 2017 and is uptrending. It has outperformed by 23.99% the S&P500.

Since January 12, 2018, it had 0 insider purchases, and 1 insider sale for $1.99 million activity.

Buckingham Asset Management Llc, which manages about $6.11 billion and $479.57 million US Long portfolio, upped its stake in Southern Co (NYSE:SO) by 17,127 shares to 25,347 shares, valued at $1.22M in 2017Q4, according to the filing. It also increased its holding in Apple Inc (NASDAQ:AAPL) by 27,677 shares in the quarter, for a total of 76,637 shares, and has risen its stake in Schwab Strategic Tr (SCHO).

Investors sentiment decreased to 0.93 in 2017 Q4. Its down 0.09, from 1.02 in 2017Q3. It dropped, as 39 investors sold CTAS shares while 185 reduced holdings. 68 funds opened positions while 141 raised stakes. 68.29 million shares or 1.49% less from 69.32 million shares in 2017Q3 were reported. Barclays Public Limited invested in 103,991 shares. Assetmark Incorporated has invested 0% in Cintas Corporation (NASDAQ:CTAS). Janney Montgomery Scott Limited Liability Corp holds 3,789 shares. Qs Invsts Limited Liability Company invested in 0% or 995 shares. Morgan Stanley accumulated 154,010 shares. Millennium Mngmt Limited Liability Corp has invested 0.08% in Cintas Corporation (NASDAQ:CTAS). Sumitomo Mitsui Hldg invested in 254,295 shares or 0.05% of the stock. Crestwood Ltd Llc accumulated 0.03% or 2,700 shares. Punch & Investment Mngmt Inc reported 0.42% stake. Macquarie Group has invested 0% in Cintas Corporation (NASDAQ:CTAS). Fincl Bank Of America De stated it has 0.01% of its portfolio in Cintas Corporation (NASDAQ:CTAS). Private Advisor Gp, a New Jersey-based fund reported 4,397 shares. Carroll Fincl Assocs reported 399 shares or 0.01% of all its holdings. Kbc Gru Nv has invested 0.01% of its portfolio in Cintas Corporation (NASDAQ:CTAS). Bluecrest Management Ltd reported 44,919 shares.

Analysts await Cintas Corporation (NASDAQ:CTAS) to report earnings on July, 19. They expect $1.65 EPS, up 39.83% or $0.47 from last year’s $1.18 per share. CTAS’s profit will be $176.09M for 26.41 P/E if the $1.65 EPS becomes a reality. After $1.37 actual EPS reported by Cintas Corporation for the previous quarter, Wall Street now forecasts 20.44% EPS growth.

Among 17 analysts covering Cintas (NASDAQ:CTAS), 7 have Buy rating, 2 Sell and 8 Hold. Therefore 41% are positive. Cintas had 48 analyst reports since August 14, 2015 according to SRatingsIntel. The stock has “Sector Perform” rating by RBC Capital Markets on Tuesday, December 22. Robert W. Baird maintained it with “Buy” rating and $185.0 target in Thursday, January 25 report. Stifel Nicolaus maintained it with “Hold” rating and $162 target in Friday, March 23 report. RBC Capital Markets maintained it with “Hold” rating and $16800 target in Monday, March 26 report. The rating was maintained by Barclays Capital on Tuesday, December 22 with “Equal-Weight”. Deutsche Bank maintained the shares of CTAS in report on Friday, July 21 with “Hold” rating. The company was maintained on Tuesday, December 19 by KeyBanc Capital Markets. RBC Capital Markets maintained the stock with “Hold” rating in Monday, July 17 report. The stock has “Overweight” rating by KeyBanc Capital Markets on Wednesday, April 13. Morgan Stanley maintained the stock with “Underweight” rating in Wednesday, January 31 report.

Employees Retirement System Of Texas, which manages about $7.90B US Long portfolio, upped its stake in Xpo Logistics Inc (NYSE:XPO) by 4,000 shares to 217,100 shares, valued at $19.88M in 2017Q4, according to the filing. It also increased its holding in S&P Global Inc by 13,400 shares in the quarter, for a total of 145,700 shares, and has risen its stake in Leidos Hldgs Inc (NYSE:LDOS).

Since February 26, 2018, it had 2 insider purchases, and 0 sales for $63,162 activity. $59,934 worth of OGE Energy Corp. (NYSE:OGE) was bought by Clarke Peter D. on Monday, February 26.

Investors sentiment increased to 1.09 in Q4 2017. Its up 0.09, from 1 in 2017Q3. It is positive, as 28 investors sold OGE shares while 110 reduced holdings. 50 funds opened positions while 100 raised stakes. 121.48 million shares or 1.46% less from 123.28 million shares in 2017Q3 were reported. Advsr Asset Incorporated has 0.02% invested in OGE Energy Corp. (NYSE:OGE) for 40,441 shares. Bb&T invested 0.13% in OGE Energy Corp. (NYSE:OGE). Northern Tru holds 1.84 million shares or 0.02% of its portfolio. Mariner Wealth Limited Liability Corp stated it has 0.07% in OGE Energy Corp. (NYSE:OGE). Oppenheimer Incorporated reported 16,002 shares or 0.01% of all its holdings. Sterling Cap Ltd Liability stated it has 0.01% in OGE Energy Corp. (NYSE:OGE). Vaughan David Investments Inc Il invested in 0.02% or 9,934 shares. Parametric Portfolio Limited Company owns 305,984 shares. Highvista Strategies Limited Liability holds 0.12% of its portfolio in OGE Energy Corp. (NYSE:OGE) for 13,400 shares. Texas Permanent School Fund reported 134,994 shares stake. Principal Finance Gp Inc holds 0.03% or 877,576 shares in its portfolio. Td Asset Mngmt Inc stated it has 0% of its portfolio in OGE Energy Corp. (NYSE:OGE). James Research reported 0.05% stake. Gsa Prns Limited Liability Partnership reported 0.15% in OGE Energy Corp. (NYSE:OGE). 35,915 were accumulated by Jefferies Grp Incorporated.

Among 11 analysts covering OGE Energy (NYSE:OGE), 3 have Buy rating, 0 Sell and 8 Hold. Therefore 27% are positive. OGE Energy had 23 analyst reports since August 7, 2015 according to SRatingsIntel. As per Thursday, December 3, the company rating was maintained by Wunderlich. The stock of OGE Energy Corp. (NYSE:OGE) earned “Hold” rating by Wunderlich on Friday, November 6. The firm earned “Hold” rating on Friday, August 14 by Jefferies. KeyBanc Capital Markets maintained the stock with “Hold” rating in Wednesday, October 18 report. The stock of OGE Energy Corp. (NYSE:OGE) earned “Hold” rating by Jefferies on Wednesday, September 27. The firm has “Buy” rating given on Wednesday, January 10 by Goldman Sachs. The company was downgraded on Friday, October 6 by Wells Fargo. Jefferies maintained the shares of OGE in report on Friday, June 9 with “Hold” rating. As per Friday, August 4, the company rating was maintained by Jefferies. The rating was maintained by Barclays Capital on Friday, March 18 with “Equal-Weight”.

OGE Energy Corp. (NYSE:OGE) Institutional Positions Chart

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