Barclays Has Lowered Expectations for OGE Energy (NYSE:OGE) Stock Price

OGE Energy (NYSE:OGE) had its target price reduced by stock analysts at Barclays from $43.00 to $42.00 in a report released on Friday,Benzinga reports. The firm presently has an “equal weight” rating on the utilities provider’s stock. Barclays‘s price target suggests a potential downside of 2.65% from the stock’s previous close.

Separately, Evercore ISI upgraded shares of OGE Energy from an “in-line” rating to an “outperform” rating and increased their price objective for the stock from $40.00 to $47.00 in a research note on Tuesday, January 21st. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $45.00.

OGE Energy Trading Up 0.1 %

NYSE:OGE opened at $43.15 on Friday. OGE Energy has a 52 week low of $32.06 and a 52 week high of $44.41. The company has a quick ratio of 0.51, a current ratio of 0.86 and a debt-to-equity ratio of 1.09. The company has a market cap of $8.67 billion, a PE ratio of 22.35, a P/E/G ratio of 3.63 and a beta of 0.77. The business’s 50 day moving average is $42.09 and its two-hundred day moving average is $40.62.

OGE Energy (NYSE:OGE) last released its quarterly earnings data on Tuesday, November 5th. The utilities provider reported $1.09 EPS for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.03). The business had revenue of $965.40 million during the quarter, compared to analyst estimates of $1.02 billion. OGE Energy had a return on equity of 8.59% and a net margin of 13.89%. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.20 EPS. On average, analysts predict that OGE Energy will post 2.16 EPS for the current year.

Insider Activity at OGE Energy

In other OGE Energy news, VP Cristina F. Mcquistion sold 5,008 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $42.84, for a total value of $214,542.72. Following the sale, the vice president now owns 20,918 shares in the company, valued at approximately $896,127.12. This trade represents a 19.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.53% of the stock is currently owned by insiders.

Institutional Trading of OGE Energy

Several large investors have recently added to or reduced their stakes in OGE. American Century Companies Inc. grew its stake in shares of OGE Energy by 4.4% in the second quarter. American Century Companies Inc. now owns 64,034 shares of the utilities provider’s stock worth $2,286,000 after purchasing an additional 2,705 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in OGE Energy by 31.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,197,585 shares of the utilities provider’s stock valued at $78,453,000 after buying an additional 531,730 shares during the period. Intech Investment Management LLC bought a new stake in shares of OGE Energy during the 2nd quarter worth about $423,000. Pacer Advisors Inc. lifted its stake in shares of OGE Energy by 35.4% in the 2nd quarter. Pacer Advisors Inc. now owns 40,982 shares of the utilities provider’s stock worth $1,463,000 after acquiring an additional 10,724 shares during the period. Finally, Sei Investments Co. boosted its holdings in shares of OGE Energy by 8.2% in the second quarter. Sei Investments Co. now owns 86,249 shares of the utilities provider’s stock valued at $3,080,000 after acquiring an additional 6,536 shares in the last quarter. 71.84% of the stock is currently owned by institutional investors and hedge funds.

OGE Energy Company Profile

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.