OGE Energy Corp. Insider Sells $274,857 in Stock (OGE)
OGE Energy Corp. (NYSE:OGE) Insider William J. Bullard unloaded 7,618 shares of OGE Energy Corp. stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $36.08, for a total transaction of $274,857.44. Following the sale, the insider now directly owns 18,548 shares in the company, valued at approximately $669,212. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
OGE Energy Corp. (NYSE:OGE) traded down 0.52% on Friday, hitting $36.56. 79,446 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 $7.284 billion and a P/E ratio of 17.43.
OGE Energy Corp. (NYSE:OGE) last released its 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. Analysts expect that OGE Energy Corp. will post $2.00 EPS for the current fiscal year.
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 research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $40.60.
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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