Jefferies Group Lowers OGE Energy Corp. Price Target to $36.50 (OGE)
Equities research analysts at Jefferies Group reduced their price objective on shares of OGE Energy Corp. (NYSE:OGE) from $37.50 to $36.50 in a research note issued to investors on Wednesday, Analyst Ratings.Net reports. The firm currently has a “hold” rating on the stock. Jefferies Group’s price objective points to a potential upside of 1.47% from the stock’s previous close.
Shares of OGE Energy Corp. (NYSE:OGE) opened at 35.97 on Wednesday. OGE Energy Corp. has a one year low of $27.695 and a one year high of $40.00. The stock has a 50-day moving average of $34.0 and a 200-day moving average of $35.4. The company has a market cap of $7.138 billion and a price-to-earnings ratio of 19.27.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, April 30th. Investors 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 2.50%. The ex-dividend date of this dividend is Tuesday, April 8th.
OGE has been the subject of a number of other recent research reports. Analysts at Wunderlich cut their price target on shares of OGE Energy Corp. from $40.00 to $35.00 in a research note on Friday, February 14th. They now have a “hold” rating on the stock. Separately, 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. Finally, 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. Eight research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $41.21.
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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