Nomura Asset Management Company LTD Cut By $788,800 Its Oge Energy (OGE) Position; Columbia Wanger Asset Management Lifted Its Tenneco (TEN) Position

December 6, 2017 - By Marie Mckinney

Columbia Wanger Asset Management Llc increased Tenneco Inc (TEN) stake by 19.32% reported in 2017Q2 SEC filing. Columbia Wanger Asset Management Llc acquired 156,193 shares as Tenneco Inc (TEN)’s stock declined 16.10%. The Columbia Wanger Asset Management Llc holds 964,665 shares with $55.79M value, up from 808,472 last quarter. Tenneco Inc now has $2.93 billion valuation. The stock decreased 2.05% or $1.19 during the last trading session, reaching $56.85. About 40,237 shares traded. Tenneco Inc. (NYSE:TEN) has risen 7.45% since December 6, 2016 and is uptrending. It has underperformed by 9.25% the S&P500.

Nomura Asset Management Company Ltd decreased Oge Energy Corp (OGE) stake by 43.14% reported in 2017Q2 SEC filing. Nomura Asset Management Company Ltd sold 23,200 shares as Oge Energy Corp (OGE)’s stock declined 1.16%. The Nomura Asset Management Company Ltd holds 30,575 shares with $1.06M value, down from 53,775 last quarter. Oge Energy Corp now has $6.81 billion valuation. The stock decreased 0.47% or $0.16 during the last trading session, reaching $34.11. About 225,706 shares traded. OGE Energy Corp. (NYSE:OGE) has risen 12.79% since December 6, 2016 and is uptrending. It has underperformed by 3.91% the S&P500.

Investors sentiment decreased to 0.84 in Q2 2017. Its down 0.36, from 1.2 in 2017Q1. It turned negative, as 43 investors sold OGE shares while 125 reduced holdings. 32 funds opened positions while 109 raised stakes. 123.70 million shares or 0.89% more from 122.61 million shares in 2017Q1 were reported. Charter Tru Com accumulated 13,645 shares. 778,946 are owned by Tiaa Cref Inv Llc. Employees Retirement Sys Of Texas, a Texas-based fund reported 84,000 shares. Segall Bryant & Hamill Limited Liability holds 0.01% of its portfolio in OGE Energy Corp. (NYSE:OGE) for 7,674 shares. Advisory Services Net Ltd Liability Corporation holds 0% in OGE Energy Corp. (NYSE:OGE) or 246 shares. Moreover, Natixis has 0.01% invested in OGE Energy Corp. (NYSE:OGE) for 14,376 shares. Dekabank Deutsche Girozentrale owns 88,935 shares. Ledyard Bank & Trust accumulated 0% or 450 shares. Qs Invsts Limited Liability Corp invested in 79,805 shares or 0.02% of the stock. Carroll Fincl Associates invested 0.01% in OGE Energy Corp. (NYSE:OGE). Fmr Ltd Liability Co holds 0.02% of its portfolio in OGE Energy Corp. (NYSE:OGE) for 4.86M shares. Mason Street Advsrs Limited Liability Company has 0.08% invested in OGE Energy Corp. (NYSE:OGE). Centurylink Invest Management Co reported 0.31% of its portfolio in OGE Energy Corp. (NYSE:OGE). Stephens Ar reported 6,820 shares. Livforsakringsbolaget Skandia Omsesidigt, a Sweden-based fund reported 3,768 shares.

Analysts await OGE Energy Corp. (NYSE:OGE) to report earnings on February, 22. They expect $0.28 EPS, down 3.45% or $0.01 from last year’s $0.29 per share. OGE’s profit will be $55.92M for 30.46 P/E if the $0.28 EPS becomes a reality. After $0.92 actual EPS reported by OGE Energy Corp. for the previous quarter, Wall Street now forecasts -69.57% negative EPS growth.

Among 9 analysts covering OGE Energy (NYSE:OGE), 1 have Buy rating, 1 Sell and 7 Hold. Therefore 11% are positive. OGE Energy had 18 analyst reports since August 7, 2015 according to SRatingsIntel. Wunderlich maintained OGE Energy Corp. (NYSE:OGE) rating on Thursday, December 3. Wunderlich has “Hold” rating and $28 target. The company was initiated on Thursday, July 20 by Goldman Sachs. The rating was maintained by KeyBanc Capital Markets on Wednesday, October 18 with “Hold”. Bank of America initiated the stock with “Sell” rating in Tuesday, October 24 report. The company was downgraded on Monday, April 11 by Argus Research. The rating was maintained by Jefferies with “Hold” on Friday, July 21. The stock of OGE Energy Corp. (NYSE:OGE) earned “Hold” rating by Jefferies on Friday, June 9. Wunderlich maintained it with “Hold” rating and $30 target in Friday, November 6 report. The rating was maintained by Jefferies with “Hold” on Friday, August 4. The rating was maintained by Jefferies with “Hold” on Friday, August 14.

Nomura Asset Management Company Ltd increased Jpmorgan Chase & Co (NYSE:JPM) stake by 16,213 shares to 925,210 valued at $84.56 million in 2017Q2. It also upped Ulta Beauty Inc (NASDAQ:ULTA) stake by 2,447 shares and now owns 108,436 shares. Netflix Inc (NASDAQ:NFLX) was raised too.

Among 11 analysts covering Tenneco Inc (NYSE:TEN), 6 have Buy rating, 0 Sell and 5 Hold. Therefore 55% are positive. Tenneco Inc had 40 analyst reports since July 30, 2015 according to SRatingsIntel. The stock has “Market Perform” rating by Wells Fargo on Wednesday, April 27. The stock has “Sector Perform” rating by RBC Capital Markets on Tuesday, December 15. The company was maintained on Tuesday, July 11 by RBC Capital Markets. The stock has “Hold” rating by RBC Capital Markets on Monday, October 16. The firm has “Equal Weight” rating given on Monday, January 25 by Barclays Capital. The rating was maintained by RBC Capital Markets with “Hold” on Wednesday, April 5. The firm has “Neutral” rating given on Wednesday, January 25 by Susquehanna. RBC Capital Markets maintained Tenneco Inc. (NYSE:TEN) rating on Sunday, October 1. RBC Capital Markets has “Hold” rating and $61.0 target. The rating was maintained by RBC Capital Markets on Tuesday, May 2 with “Sector Perform”. The stock of Tenneco Inc. (NYSE:TEN) earned “Hold” rating by RBC Capital Markets on Friday, October 27.

Investors sentiment decreased to 0.97 in Q2 2017. Its down 0.06, from 1.03 in 2017Q1. It dived, as 42 investors sold TEN shares while 87 reduced holdings. 32 funds opened positions while 93 raised stakes. 50.49 million shares or 1.27% less from 51.14 million shares in 2017Q1 were reported. Lyrical Asset Limited Partnership holds 1.85% or 2.27 million shares. Southernsun Asset Mngmt Limited Liability Corporation stated it has 1.12M shares or 1.67% of all its holdings. Buckhead Management Llc owns 80,000 shares or 0.84% of their US portfolio. Dnb Asset Mngmt As invested in 0% or 1.10M shares. Btim reported 307,154 shares. Spark Investment Mngmt Limited Com holds 0.3% of its portfolio in Tenneco Inc. (NYSE:TEN) for 84,900 shares. Elk Creek Prtn Ltd Liability Corporation invested in 70,468 shares or 0.26% of the stock. 17,005 are held by Fin Advisers Lc. Panagora Asset Inc, a Massachusetts-based fund reported 300,717 shares. 42,340 were accumulated by Tcw Grp. Aperio Gru Ltd Liability Company accumulated 22,100 shares or 0.01% of the stock. Ahl Llp stated it has 0.01% in Tenneco Inc. (NYSE:TEN). Nationwide Fund Advisors, a Pennsylvania-based fund reported 141,063 shares. Macquarie Grp holds 0.15% or 1.46M shares. Leuthold Group Incorporated Lc has 0.33% invested in Tenneco Inc. (NYSE:TEN).

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