OGE Energy Corp. (OGE) Given Consensus Recommendation of “Hold” by Brokerages

Shares of OGE Energy Corp. (NYSE:OGE) have received a consensus rating of “Hold” from the nine analysts that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $37.50.

OGE has been the subject of a number of research analyst reports. Edward Jones cut shares of OGE Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, December 27th. Zacks Investment Research cut shares of OGE Energy from a “hold” rating to a “sell” rating in a research note on Friday, December 22nd. Goldman Sachs Group upgraded shares of OGE Energy from a “neutral” rating to a “buy” rating and set a $38.00 target price for the company in a research note on Wednesday, January 10th. Bank of America initiated coverage on shares of OGE Energy in a research note on Tuesday, October 24th. They issued an “underperform” rating and a $37.00 target price for the company. Finally, Wells Fargo & Co cut shares of OGE Energy from an “outperform” rating to a “market perform” rating and set a $38.00 target price for the company. in a research note on Friday, October 6th.

In related news, VP Patricia D. Horn sold 10,051 shares of the business’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 value of $357,413.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.48% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the stock. SG Americas Securities LLC raised its position in OGE Energy by 429.7% in the 4th quarter. SG Americas Securities LLC now owns 43,480 shares of the utilities provider’s stock worth $1,431,000 after purchasing an additional 35,272 shares during the last quarter. MHI Funds LLC bought a new position in OGE Energy in the 4th quarter worth approximately $220,000. Cerebellum GP LLC acquired a new stake in OGE Energy during the 4th quarter worth $122,000. First Quadrant L P CA acquired a new stake in OGE Energy during the 4th quarter worth $3,144,000. Finally, Strs Ohio grew its holdings in OGE Energy by 10,036.0% during the 4th quarter. Strs Ohio now owns 253,501 shares of the utilities provider’s stock worth $8,342,000 after acquiring an additional 251,000 shares during the period. Hedge funds and other institutional investors own 62.25% of the company’s stock.

OGE Energy (NYSE OGE) opened at $32.14 on Friday. OGE Energy has a one year low of $30.70 and a one year high of $37.40. The company has a quick ratio of 0.46, a current ratio of 0.63 and a debt-to-equity ratio of 0.76. The stock has a market cap of $6,450.48, a P/E ratio of 16.83, a PEG ratio of 3.03 and a beta of 0.90.

OGE Energy (NYSE:OGE) last posted its earnings results on Thursday, November 2nd. The utilities provider reported $0.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.01). OGE Energy had a net margin of 16.69% and a return on equity of 10.92%. The firm had revenue of $716.80 million during the quarter, compared to the consensus estimate of $728.18 million. During the same quarter last year, the firm posted $0.92 EPS. The business’s revenue was down 3.6% on a year-over-year basis. sell-side analysts forecast that OGE Energy will post 1.89 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 30th. Investors of record on Wednesday, January 10th will be given a $0.3325 dividend. This represents a $1.33 annualized dividend and a yield of 4.14%. The ex-dividend date is Tuesday, January 9th. OGE Energy’s dividend payout ratio (DPR) is presently 69.63%.

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About OGE Energy

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.

Analyst Recommendations for OGE Energy (NYSE:OGE)

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