OGE Energy Corp. CAO H Scott Forbes Sells 6,196 Shares (OGE)
OGE Energy Corp. (NYSE:OGE) CAO H Scott Forbes unloaded 6,196 shares of the stock on the open market in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $36.00, for a total value of $223,056.00. Following the completion of the transaction, the chief accounting officer now directly owns 37,219 shares of the company’s stock, valued at approximately $1,339,884. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
A number of research firms have recently commented on OGE. Analysts at Jefferies Group reiterated a “buy” rating on shares of OGE Energy Corp. in a research note on Friday, August 8th. They now have a $40.00 price target on the stock, down previously from $42.00. Finally, analysts at Argus upgraded shares of OGE Energy Corp. from a “hold” rating to a “buy” rating in a research note on Monday, July 14th. They now have a $44.00 price target on the stock. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $40.60.
OGE Energy Corp. (NYSE:OGE) traded up 0.14% during mid-day trading on Friday, hitting $36.80. 22,087 shares of the company’s stock traded hands. OGE Energy Corp. has a 1-year low of $32.85 and a 1-year high of $40.00. The stock has a 50-day moving average of $36.74 and a 200-day moving average of $36.37. The company has a market cap of $7.332 billion and a price-to-earnings ratio of 17.43.
OGE Energy Corp. (NYSE:OGE) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.50 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.51 by $0.01. The company had revenue of $611.80 million for the quarter, compared to the consensus estimate of $594.60 million. During the same quarter last year, the company posted $0.46 earnings per share. OGE Energy Corp.’s revenue was up 6.5% compared to the same quarter last year. On average, analysts predict that OGE Energy Corp. will post $2.00 earnings per share for the current fiscal year.
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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