OGE Energy (NYSE:OGE) was downgraded by stock analysts at Edward Jones from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday, December 27th, MarketBeat Ratings reports.
A number of other brokerages have also weighed in on OGE. Bank of America assumed coverage on shares of OGE Energy in a report on Tuesday, October 24th. They issued an “underperform” rating and a $37.00 price objective for the company. Wells Fargo & Co lowered shares of OGE Energy from an “outperform” rating to a “market perform” rating and set a $38.00 price objective for the company. in a report on Friday, October 6th. KeyCorp restated a “hold” rating on shares of OGE Energy in a report on Friday, September 1st. Finally, Zacks Investment Research lowered shares of OGE Energy from a “hold” rating to a “sell” rating in a report on Friday, December 22nd. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $37.17.
OGE Energy (OGE) opened at $30.74 on Wednesday. OGE Energy has a 1-year low of $30.70 and a 1-year high of $37.40. The stock has a market cap of $6,240.79, a P/E ratio of 16.09, a PEG ratio of 3.35 and a beta of 0.90. The company has a current ratio of 0.63, a quick ratio of 0.46 and a debt-to-equity ratio of 0.76.
OGE Energy (NYSE:OGE) last announced its quarterly earnings data on Thursday, November 2nd. The utilities provider reported $0.92 earnings per share for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.01). OGE Energy had a return on equity of 10.92% and a net margin of 16.69%. The firm had revenue of $716.80 million during the quarter, compared to analysts’ expectations of $728.18 million. During the same quarter in the previous year, the firm earned $0.92 earnings per share. OGE Energy’s revenue was down 3.6% on a year-over-year basis. sell-side analysts predict that OGE Energy will post 1.88 EPS for the current fiscal year.
In other OGE Energy news, VP Patricia D. Horn sold 10,051 shares of OGE Energy stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $35.56, for a total value of $357,413.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.48% of the company’s stock.
Large investors have recently bought and sold shares of the business. Krilogy Financial LLC grew its position in OGE Energy by 133.3% in the 3rd quarter. Krilogy Financial LLC now owns 2,800 shares of the utilities provider’s stock worth $101,000 after purchasing an additional 1,600 shares during the period. Ffcm LLC grew its position in OGE Energy by 199.8% in the 2nd quarter. Ffcm LLC now owns 3,478 shares of the utilities provider’s stock worth $121,000 after purchasing an additional 2,318 shares during the period. Jane Street Group LLC bought a new stake in OGE Energy in the 3rd quarter worth approximately $205,000. Boothbay Fund Management LLC bought a new stake in OGE Energy in the 3rd quarter worth approximately $216,000. Finally, Heritage Trust Co grew its position in OGE Energy by 140.6% in the 2nd quarter. Heritage Trust Co now owns 7,207 shares of the utilities provider’s stock worth $250,000 after purchasing an additional 4,211 shares during the period. 62.22% of the stock is owned by institutional investors and hedge funds.
OGE Energy Company Profile
OGE Energy Corp. (OGE Energy) is an energy and energy services provider offering physical delivery and related services for both electricity and natural gas primarily in the south central United States. The Company operates through two segments: electric utility and natural gas midstream operations. The electric utility segment generates, transmits, distributes and sells electric energy in Oklahoma and western Arkansas.
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