TheStreet Downgrades OGE Energy (NYSE:OGE) to C+

OGE Energy (NYSE:OGEGet Rating) was downgraded by investment analysts at TheStreet from a “b” rating to a “c+” rating in a note issued to investors on Thursday, TheStreetRatingsTable reports.

Several other research firms have also recently weighed in on OGE. Barclays reduced their price target on OGE Energy from $44.00 to $41.00 and set an “equal weight” rating on the stock in a report on Monday, July 18th. Credit Suisse Group began coverage on OGE Energy in a report on Monday, April 25th. They set a “neutral” rating and a $42.00 price target on the stock. Finally, Mizuho upped their target price on OGE Energy from $38.00 to $39.00 and gave the company a “neutral” rating in a report on Tuesday, July 5th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $40.50.

OGE Energy Trading Up 0.3 %

OGE stock opened at $40.25 on Thursday. OGE Energy has a one year low of $32.49 and a one year high of $42.74. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.49 and a quick ratio of 0.35. The stock has a market cap of $8.06 billion, a price-to-earnings ratio of 8.75, a price-to-earnings-growth ratio of 5.38 and a beta of 0.67. The company has a fifty day moving average price of $38.89 and a two-hundred day moving average price of $39.00.

OGE Energy (NYSE:OGEGet Rating) last posted its quarterly earnings results on Thursday, August 4th. The utilities provider reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.07). The company had revenue of $791.00 million during the quarter, compared to analyst estimates of $607.65 million. OGE Energy had a net margin of 32.56% and a return on equity of 16.30%. The firm’s revenue for the quarter was up 37.0% compared to the same quarter last year. During the same period last year, the firm earned $0.56 EPS. Equities analysts anticipate that OGE Energy will post 2.15 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of OGE. State Street Corp grew its stake in OGE Energy by 24.1% in the 1st quarter. State Street Corp now owns 7,013,271 shares of the utilities provider’s stock valued at $286,001,000 after purchasing an additional 1,360,363 shares during the period. Reaves W H & Co. Inc. grew its stake in OGE Energy by 887.1% in the 2nd quarter. Reaves W H & Co. Inc. now owns 824,983 shares of the utilities provider’s stock valued at $31,811,000 after purchasing an additional 741,403 shares during the period. Cbre Investment Management Listed Real Assets LLC grew its stake in OGE Energy by 80.6% in the 1st quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,582,326 shares of the utilities provider’s stock valued at $64,527,000 after purchasing an additional 706,326 shares during the period. BlackRock Inc. grew its stake in shares of OGE Energy by 2.6% during the 4th quarter. BlackRock Inc. now owns 25,739,361 shares of the utilities provider’s stock worth $987,876,000 after acquiring an additional 647,876 shares during the period. Finally, Segall Bryant & Hamill LLC grew its stake in shares of OGE Energy by 5,280.4% during the 4th quarter. Segall Bryant & Hamill LLC now owns 430,220 shares of the utilities provider’s stock worth $16,511,000 after acquiring an additional 422,224 shares during the period. Institutional investors own 65.01% of the company’s stock.

About OGE Energy

(Get Rating)

OGE Energy Corp., together with its subsidiaries, operates as an energy and energy services provider that offers physical delivery and related services for electricity, natural gas, crude oil, and natural gas liquids in the United States. The company generates, transmits, distributes, and sells electric energy.

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