OGE Energy Corp. Given New $35.00 Price Target at Wunderlich (OGE)
Analysts at Wunderlich dropped their target price on shares of OGE Energy Corp. (NYSE:OGE) from $40.00 to $35.00 in a research report issued to clients and investors on Friday, Analyst RN reports. The firm currently has a “hold” rating on the stock. Wunderlich’s price target would indicate a potential downside of 0.48% from the company’s current price.
A number of other analysts have also recently weighed in on OGE. Analysts at KeyCorp initiated coverage on shares of OGE Energy Corp. in a research note on Monday, December 23rd. They set a “hold” rating on the stock. Separately, analysts at UBS AG raised their price target on shares of OGE Energy Corp. from $30.00 to $35.00 in a research note on Wednesday, November 27th. They now have a “market perform” rating on the stock. They noted that the move was a valuation call. Finally, analysts at Ladenburg Thalmann cut their price target on shares of OGE Energy Corp. from $42.50 to $39.00 in a research note on Wednesday, November 27th. They now have a “buy” rating on the stock. Eight analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $41.36.
Shares of OGE Energy Corp. (NYSE:OGE) traded up 0.34% during mid-day trading on Friday, hitting $35.29. 170,076 shares of the company’s stock traded hands. OGE Energy Corp. has a 52-week low of $27.695 and a 52-week high of $40.00. The stock has a 50-day moving average of $33.89 and a 200-day moving average of $35.54. The company has a market cap of $7.003 billion and a P/E ratio of 18.99.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, April 30th. Stockholders of record on Thursday, April 10th will be given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date of this dividend is Tuesday, April 8th.
OGE Energy Corp. (NYSE:OGE) is an energy and energy services provider offering physical delivery and related services for both electricity and natural gas in the south central United States.
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