OGE Energy (NYSE:OGE) was downgraded by stock analysts at Edward Jones from a “buy” rating to a “hold” rating in a report issued on Wednesday.
Other equities research analysts also recently issued reports about the stock. KeyCorp reaffirmed a “hold” rating on shares of OGE Energy in a research note on Friday, September 1st. Bank of America began coverage on shares of OGE Energy in a research note on Tuesday, October 24th. They set an “underperform” rating and a $37.00 target price on the stock. Zacks Investment Research downgraded shares of OGE Energy from a “hold” rating to a “sell” rating in a research note on Friday, December 22nd. Finally, Wells Fargo & Co downgraded shares of OGE Energy from an “outperform” rating to a “market perform” rating and set a $38.00 target price on the stock. in a research note on Friday, October 6th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $36.67.
Shares of OGE Energy (NYSE:OGE) traded down $0.18 during mid-day trading on Wednesday, hitting $32.83. 935,300 shares of the stock traded hands, compared to its average volume of 999,110. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.46 and a current ratio of 0.63. OGE Energy has a 52-week low of $32.65 and a 52-week high of $37.40. The firm has a market cap of $6,592.27, a price-to-earnings ratio of 17.19, a P/E/G ratio of 3.77 and a beta of 0.90.
In related news, VP Patricia D. Horn sold 10,051 shares of the company’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $35.56, for a total transaction of $357,413.56. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.48% of the stock is owned by corporate insiders.
Large investors have recently made changes to their positions in the business. Krilogy Financial LLC increased its position in shares of OGE Energy by 133.3% in the 3rd quarter. Krilogy Financial LLC now owns 2,800 shares of the utilities provider’s stock valued at $101,000 after purchasing an additional 1,600 shares during the last quarter. Heritage Trust Co purchased a new stake in shares of OGE Energy in the 1st quarter valued at approximately $104,000. Ffcm LLC purchased a new stake in shares of OGE Energy in the 4th quarter valued at approximately $107,000. Assetmark Inc. purchased a new stake in shares of OGE Energy in the 2nd quarter valued at approximately $112,000. Finally, Strs Ohio purchased a new stake in shares of OGE Energy in the 3rd quarter valued at approximately $109,000. 62.16% of the stock is currently owned by institutional investors.
OGE Energy Company Profile
OGE Energy Corp. (OGE Energy) is an energy and energy services provider offering physical delivery and related services for both electricity and natural gas primarily in the south central United States. The Company operates through two segments: electric utility and natural gas midstream operations. The electric utility segment generates, transmits, distributes and sells electric energy in Oklahoma and western Arkansas.
