OGE Energy (NYSE:OGE) Rating Increased to Hold at StockNews.com

OGE Energy (NYSE:OGE) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday.

A number of other equities analysts have also commented on the company. TheStreet lowered OGE Energy from a “b” rating to a “c+” rating in a research note on Wednesday, February 21st. LADENBURG THALM/SH SH lowered OGE Energy from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $36.00 to $34.00 in a research note on Tuesday, January 16th. Finally, Barclays lowered OGE Energy from an “overweight” rating to an “equal weight” rating and set a $34.00 price objective on the stock. in a research note on Monday. Five equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $33.40.

OGE Energy Price Performance

Shares of NYSE OGE opened at $34.33 on Tuesday. The firm has a market cap of $6.88 billion, a P/E ratio of 16.53, a price-to-earnings-growth ratio of 3.19 and a beta of 0.73. The company has a current ratio of 0.65, a quick ratio of 0.30 and a debt-to-equity ratio of 0.96. OGE Energy has a 1-year low of $31.25 and a 1-year high of $38.04. The business’s 50 day moving average is $33.56 and its 200-day moving average is $34.07.

OGE Energy (NYSE:OGE) last posted its quarterly earnings data on Tuesday, February 20th. The utilities provider reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.04. OGE Energy had a return on equity of 9.37% and a net margin of 15.59%. The firm had revenue of $566.70 million for the quarter, compared to analyst estimates of $986.67 million. During the same quarter last year, the company earned $0.25 EPS. The company’s revenue was down 20.4% on a year-over-year basis. Equities research analysts predict that OGE Energy will post 2.13 earnings per share for the current year.

Insider Activity at OGE Energy

In related news, VP Cristina F. Mcquistion sold 4,187 shares of the firm’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $33.92, for a total transaction of $142,023.04. Following the sale, the vice president now owns 25,926 shares of the company’s stock, valued at approximately $879,409.92. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.53% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. ClearBridge Investments Ltd lifted its holdings in OGE Energy by 3.9% during the 3rd quarter. ClearBridge Investments Ltd now owns 6,684,861 shares of the utilities provider’s stock worth $222,806,000 after buying an additional 252,456 shares during the period. Boston Partners acquired a new position in shares of OGE Energy in the 4th quarter valued at about $128,381,000. Thompson Siegel & Walmsley LLC lifted its stake in shares of OGE Energy by 3.0% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 3,177,388 shares of the utilities provider’s stock valued at $110,986,000 after purchasing an additional 93,916 shares during the period. Franklin Resources Inc. lifted its stake in shares of OGE Energy by 3.3% in the 4th quarter. Franklin Resources Inc. now owns 1,873,306 shares of the utilities provider’s stock valued at $65,435,000 after purchasing an additional 59,329 shares during the period. Finally, Invesco Ltd. lifted its stake in shares of OGE Energy by 13.4% in the 3rd quarter. Invesco Ltd. now owns 1,842,045 shares of the utilities provider’s stock valued at $61,395,000 after purchasing an additional 217,866 shares during the period. 71.84% of the stock is owned by institutional investors and hedge funds.

About OGE Energy

OGE Energy Corp., together with its subsidiaries, operates as an energy services provider in the United States. The company generates, transmits, distributes, and sells electric energy. In addition, it provides retail electric service to approximately 896,000 customers, which covers a service area of approximately 30,000 square miles in Oklahoma and western Arkansas; and owns and operates coal-fired, natural gas-fired, wind-powered, and solar-powered generating assets.