OGE Energy Corporation (NYSE:OGE) Given Consensus Rating of "Moderate Buy" by Brokerages

Key Points

• OGE Energy has a “Moderate Buy” consensus rating from 12 analysts, split evenly between six buy ratings and six holds. The average 12-month price target is $49.80, compared with a recent price of $45.46.
• Recent analyst actions were mixed but generally supportive: Argus reaffirmed a buy rating, while JPMorgan trimmed its target to $54 and Barclays raised its target to $52; BMO maintained a market-perform rating with a $49 target.
• OGE reported quarterly EPS of $0.56, slightly beating estimates, although revenue of $711.9 million fell short of forecasts and declined 4% year over year. Institutional investors own approximately 71.84% of the company, while an insider recently sold shares worth about $300,000.

OGE Energy Corporation (NYSE:OGE - Get Free Report) has been assigned an average rating of "Moderate Buy" from the twelve ratings firms that are currently covering the firm, Marketbeat reports. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $49.80.

Several analysts have commented on OGE shares. Argus reaffirmed a "buy" rating on shares of OGE Energy in a research note on Wednesday. JPMorgan Chase & Co. reduced their price target on OGE Energy from $55.00 to $54.00 and set an "overweight" rating on the stock in a research note on Wednesday, September 9th. Barclays raised their price objective on OGE Energy from $51.00 to $52.00 and gave the stock an "overweight" rating in a report on Tuesday, July 14th. BMO Capital Markets lowered their price objective on OGE Energy from $50.00 to $49.00 and set a "market perform" rating for the company in a research report on Wednesday, July 22nd. Finally, Wall Street Zen upgraded OGE Energy from a "sell" rating to a "hold" rating in a research note on Saturday, August 1st.

Insider Transactions at OGE Energy

In other OGE Energy news, SVP Donnie Jones sold 6,508 shares of OGE Energy stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $46.11, for a total value of $300,083.88. Following the completion of the sale, the senior vice president owned 40,555 shares in the company, valued at $1,869,991.05. The trade was a 13.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.57% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Strs Ohio grew its holdings in OGE Energy by 4.5% in the first quarter. Strs Ohio now owns 5,029 shares of the utilities provider's stock valued at $241,000 after purchasing an additional 217 shares during the period. Fifth Third Wealth Advisors LLC grew its stake in shares of OGE Energy by 3.3% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 6,740 shares of the utilities provider's stock valued at $323,000 after buying an additional 218 shares during the period. Pacer Advisors Inc. grew its stake in shares of OGE Energy by 1.3% during the 1st quarter. Pacer Advisors Inc. now owns 24,399 shares of the utilities provider's stock valued at $1,170,000 after buying an additional 305 shares during the period. Arizona State Retirement System increased its holdings in shares of OGE Energy by 0.6% during the 2nd quarter. Arizona State Retirement System now owns 56,945 shares of the utilities provider's stock worth $2,771,000 after buying an additional 313 shares during the last quarter. Finally, Root Financial Partners LLC raised its position in shares of OGE Energy by 111.3% in the 1st quarter. Root Financial Partners LLC now owns 598 shares of the utilities provider's stock worth $29,000 after buying an additional 315 shares during the period. 71.84% of the stock is currently owned by hedge funds and other institutional investors.

OGE Energy Price Performance

NYSE:OGE opened at $45.46 on Friday. The firm has a market cap of $9.39 billion, a price-to-earnings ratio of 20.03, a price-to-earnings-growth ratio of 2.99 and a beta of 0.52. The company has a current ratio of 0.77, a quick ratio of 0.47 and a debt-to-equity ratio of 1.12. The company's 50-day moving average is $47.24 and its two-hundred day moving average is $47.69. OGE Energy has a 12-month low of $41.69 and a 12-month high of $50.59.

OGE Energy (NYSE:OGE - Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The utilities provider reported $0.56 EPS for the quarter, topping analysts' consensus estimates of $0.55 by $0.01. The business had revenue of $711.90 million during the quarter, compared to the consensus estimate of $782.73 million. OGE Energy had a net margin of 14.44% and a return on equity of 9.48%. The company's quarterly revenue was down 4.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.53 earnings per share. Research analysts expect that OGE Energy will post 2.42 EPS for the current year.

About OGE Energy

OGE Energy Corp. is an Oklahoma City-based energy holding company whose principal subsidiary is Oklahoma Gas and Electric Company (OG&E). OG&E is a regulated electric utility that generates, transmits, distributes and sells electricity to residential, commercial and industrial customers.

OG&E serves customers across Oklahoma and in western Arkansas. Its operations include a portfolio of power-generation resources, electric transmission and distribution infrastructure, and related customer and energy-management services.

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