OGE Energy Corp. (NYSE:OGE) Receives Consensus Recommendation of “Hold” from Analysts

Shares of OGE Energy Corp. (NYSE:OGEGet Free Report) have earned a consensus rating of “Hold” from the five analysts that are covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $34.50.

A number of brokerages have weighed in on OGE. Mizuho upped their price target on shares of OGE Energy from $34.00 to $35.00 and gave the company a “neutral” rating in a report on Tuesday, November 28th. LADENBURG THALM/SH SH lowered shares of OGE Energy from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $36.00 to $34.00 in a research note on Tuesday, January 16th. StockNews.com lowered shares of OGE Energy from a “hold” rating to a “sell” rating in a research note on Friday, January 26th. Finally, Barclays reduced their price objective on shares of OGE Energy from $38.00 to $35.00 and set an “overweight” rating for the company in a research note on Monday, January 22nd.

Read Our Latest Stock Analysis on OGE

Institutional Trading of OGE Energy

Hedge funds have recently made changes to their positions in the stock. Compass Wealth Management LLC increased its holdings in OGE Energy by 18.2% in the second quarter. Compass Wealth Management LLC now owns 1,950 shares of the utilities provider’s stock worth $70,000 after buying an additional 300 shares during the last quarter. United Capital Financial Advisers LLC grew its holdings in OGE Energy by 2.4% during the fourth quarter. United Capital Financial Advisers LLC now owns 13,004 shares of the utilities provider’s stock valued at $514,000 after purchasing an additional 305 shares during the last quarter. Heritage Trust Co grew its holdings in OGE Energy by 2.1% during the second quarter. Heritage Trust Co now owns 15,666 shares of the utilities provider’s stock valued at $563,000 after purchasing an additional 321 shares during the last quarter. Brighton Jones LLC grew its holdings in OGE Energy by 5.8% during the third quarter. Brighton Jones LLC now owns 6,334 shares of the utilities provider’s stock valued at $211,000 after purchasing an additional 345 shares during the last quarter. Finally, First Republic Investment Management Inc. grew its holdings in OGE Energy by 0.8% during the first quarter. First Republic Investment Management Inc. now owns 43,660 shares of the utilities provider’s stock valued at $1,780,000 after purchasing an additional 358 shares during the last quarter. 66.99% of the stock is owned by hedge funds and other institutional investors.

OGE Energy Price Performance

Shares of NYSE OGE opened at $32.90 on Tuesday. OGE Energy has a twelve month low of $31.25 and a twelve month high of $39.09. The company has a current ratio of 0.82, a quick ratio of 0.56 and a debt-to-equity ratio of 0.96. The company has a market capitalization of $6.59 billion, a price-to-earnings ratio of 15.82, a PEG ratio of 3.84 and a beta of 0.74. The firm has a 50-day moving average of $34.35 and a two-hundred day moving average of $34.36.

OGE Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 26th. Stockholders of record on Monday, January 8th were given a $0.4182 dividend. This represents a $1.67 dividend on an annualized basis and a dividend yield of 5.08%. The ex-dividend date was Friday, January 5th. OGE Energy’s dividend payout ratio (DPR) is 80.29%.

About OGE Energy

(Get Free Report

OGE Energy Corp., together with its subsidiaries, operates as an energy and energy services provider that offers physical delivery and related services in the United States. It operates through Electric Company Operations and Natural Gas Midstream segments. The company generates, transmits, distributes, and sells electric energy.

Read More

Analyst Recommendations for OGE Energy (NYSE:OGE)

Receive News & Ratings for OGE Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for OGE Energy and related companies with MarketBeat.com's FREE daily email newsletter.