OGE Energy (NYSE:OGE) Rating Increased to Hold at StockNews.com

OGE Energy (NYSE:OGE) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday.

A number of other research firms have also commented on OGE. TheStreet lowered shares of OGE Energy from a “b” rating to a “c+” rating in a research note on Wednesday, February 21st. Barclays cut shares of OGE Energy from an “overweight” rating to an “equal weight” rating and set a $34.00 target price for the company. in a report on Monday. Finally, LADENBURG THALM/SH SH lowered shares of OGE Energy from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $36.00 to $34.00 in a research note on Tuesday, January 16th. Five analysts have rated the stock with a hold rating, According to data from MarketBeat, OGE Energy currently has a consensus rating of “Hold” and an average target price of $33.40.

OGE Energy Price Performance

OGE opened at $34.33 on Tuesday. The firm has a market cap of $6.88 billion, a price-to-earnings ratio of 16.53, a price-to-earnings-growth ratio of 3.19 and a beta of 0.73. OGE Energy has a fifty-two week low of $31.25 and a fifty-two week high of $38.04. The company’s 50-day moving average price is $33.56 and its 200 day moving average price is $34.07. The company has a quick ratio of 0.30, a current ratio of 0.65 and a debt-to-equity ratio of 0.96.

OGE Energy (NYSE:OGE) last announced its quarterly earnings results on Tuesday, February 20th. The utilities provider reported $0.24 EPS for the quarter, beating the consensus estimate of $0.20 by $0.04. OGE Energy had a net margin of 15.59% and a return on equity of 9.37%. The company had revenue of $566.70 million for the quarter, compared to analyst estimates of $986.67 million. During the same quarter last year, the business earned $0.25 earnings per share. OGE Energy’s revenue was down 20.4% compared to the same quarter last year. As a group, sell-side analysts expect that OGE Energy will post 2.13 earnings per share for the current year.

Insider Activity at OGE Energy

In related news, VP Cristina F. Mcquistion sold 4,187 shares of the firm’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $33.92, for a total transaction of $142,023.04. Following the completion of the sale, the vice president now directly owns 25,926 shares of the company’s stock, valued at approximately $879,409.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.53% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC grew its holdings in OGE Energy by 178.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 762 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 488 shares during the period. Pinnacle Bancorp Inc. raised its position in OGE Energy by 392.8% during the first quarter. Pinnacle Bancorp Inc. now owns 823 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 656 shares in the last quarter. Voisard Asset Management Group Inc. acquired a new position in shares of OGE Energy during the fourth quarter worth $36,000. Authentikos Wealth Advisory LLC acquired a new stake in OGE Energy in the third quarter valued at $43,000. Finally, Advantage Trust Co acquired a new stake in OGE Energy in the fourth quarter valued at $49,000. 71.84% of the stock is currently owned by institutional investors.

OGE Energy Company Profile

OGE Energy Corp., together with its subsidiaries, operates as an energy services provider in the United States. The company generates, transmits, distributes, and sells electric energy. In addition, it provides retail electric service to approximately 896,000 customers, which covers a service area of approximately 30,000 square miles in Oklahoma and western Arkansas; and owns and operates coal-fired, natural gas-fired, wind-powered, and solar-powered generating assets.