OGE Energy (NYSE:OGE) Upgraded at Wall Street Zen

OGE Energy (NYSE:OGE) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Saturday.

A number of other equities analysts also recently commented on OGE. Barclays dropped their price objective on OGE Energy from $51.00 to $49.00 and set an “overweight” rating on the stock in a report on Thursday. Jefferies Financial Group increased their price target on shares of OGE Energy from $52.00 to $55.00 and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. Wells Fargo & Company lowered shares of OGE Energy from an “equal weight” rating to an “underweight” rating and reduced their price objective for the company from $45.00 to $39.00 in a research note on Tuesday. Weiss Ratings reiterated a “buy (b)” rating on shares of OGE Energy in a report on Wednesday, October 8th. Finally, Mizuho raised their target price on OGE Energy from $45.00 to $47.00 and gave the company a “neutral” rating in a report on Wednesday, October 29th. Four investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $47.13.

OGE Energy Stock Down 1.3%

Shares of OGE Energy stock opened at $42.61 on Friday. The stock has a 50-day moving average price of $43.44 and a 200 day moving average price of $44.49. OGE Energy has a 1 year low of $40.80 and a 1 year high of $47.33. The company has a market cap of $8.58 billion, a P/E ratio of 17.11, a P/E/G ratio of 2.56 and a beta of 0.63. The company has a current ratio of 0.80, a quick ratio of 0.52 and a debt-to-equity ratio of 1.12.

OGE Energy (NYSE:OGE) last released its earnings results on Tuesday, October 28th. The utilities provider reported $1.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.16 by ($0.02). The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.04 billion. OGE Energy had a return on equity of 10.77% and a net margin of 15.28%.The firm’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.09 EPS. As a group, analysts expect that OGE Energy will post 2.27 EPS for the current fiscal year.

Institutional Trading of OGE Energy

Institutional investors and hedge funds have recently modified their holdings of the company. Millennium Management LLC boosted its stake in OGE Energy by 1,160.8% during the first quarter. Millennium Management LLC now owns 94,965 shares of the utilities provider’s stock worth $4,365,000 after buying an additional 87,433 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of OGE Energy by 54.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,043,657 shares of the utilities provider’s stock worth $47,966,000 after acquiring an additional 367,960 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of OGE Energy by 4.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 560,664 shares of the utilities provider’s stock worth $25,768,000 after acquiring an additional 23,051 shares during the period. Focus Partners Wealth boosted its position in shares of OGE Energy by 7.5% during the 1st quarter. Focus Partners Wealth now owns 9,145 shares of the utilities provider’s stock valued at $420,000 after acquiring an additional 637 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its stake in OGE Energy by 40.2% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 43,352 shares of the utilities provider’s stock valued at $1,928,000 after acquiring an additional 12,430 shares during the period. 71.84% of the stock is currently owned by institutional investors.

About OGE Energy

OGE Energy Corp. (NYSE:OGE) is an energy and infrastructure holding company headquartered in Oklahoma City, Oklahoma. Through its principal subsidiary, Oklahoma Gas & Electric Company, the company provides regulated electric service to residential, commercial and industrial customers across Oklahoma and western Arkansas. Its diversified generation mix includes coal, natural gas and wind-powered facilities, complemented by ongoing investments in grid modernization and smart technology to enhance reliability and customer satisfaction.

In addition to its core electric utility operations, OGE Energy Corp.