OGE Energy Corporation (NYSE:OGE) Receives $46.80 Consensus PT from Brokerages

OGE Energy Corporation (NYSE:OGE) has received a consensus recommendation of “Moderate Buy” from the six analysts that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $46.80.

OGE has been the topic of a number of recent research reports. Wall Street Zen upgraded OGE Energy from a “sell” rating to a “hold” rating in a report on Sunday, September 7th. Barclays upgraded OGE Energy from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $45.00 to $47.00 in a research report on Thursday, June 5th.

OGE Energy Stock Up 0.6%

NYSE OGE opened at $44.49 on Wednesday. OGE Energy has a 12 month low of $39.10 and a 12 month high of $46.91. The company has a market capitalization of $8.96 billion, a P/E ratio of 18.23, a PEG ratio of 3.07 and a beta of 0.60. The company’s 50 day simple moving average is $44.79 and its 200 day simple moving average is $44.59. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.78 and a quick ratio of 0.48.

OGE Energy (NYSE:OGE) last posted its quarterly earnings results on Tuesday, July 29th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.05). The business had revenue of $741.60 million during the quarter, compared to analyst estimates of $719.97 million. OGE Energy had a return on equity of 10.60% and a net margin of 15.27%.The company’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.51 EPS. Equities research analysts expect that OGE Energy will post 2.27 earnings per share for the current fiscal year.

Institutional Investors Weigh In On OGE Energy

Large investors have recently made changes to their positions in the company. Orion Porfolio Solutions LLC increased its holdings in shares of OGE Energy by 3.4% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 6,757 shares of the utilities provider’s stock valued at $300,000 after purchasing an additional 224 shares during the period. Natixis Advisors LLC lifted its holdings in shares of OGE Energy by 0.3% during the 1st quarter. Natixis Advisors LLC now owns 71,892 shares of the utilities provider’s stock valued at $3,304,000 after buying an additional 250 shares during the last quarter. Tectonic Advisors LLC increased its holdings in OGE Energy by 2.0% in the second quarter. Tectonic Advisors LLC now owns 13,765 shares of the utilities provider’s stock worth $611,000 after buying an additional 272 shares during the last quarter. IFM Investors Pty Ltd lifted its stake in OGE Energy by 2.0% in the second quarter. IFM Investors Pty Ltd now owns 14,515 shares of the utilities provider’s stock valued at $644,000 after acquiring an additional 280 shares during the last quarter. Finally, Xponance Inc. grew its position in OGE Energy by 1.2% in the first quarter. Xponance Inc. now owns 23,068 shares of the utilities provider’s stock worth $1,060,000 after acquiring an additional 283 shares in the last quarter. Institutional investors and hedge funds own 71.84% of the company’s stock.

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.