OGE Energy (NYSE:OGE – Get Rating) had its price objective hoisted by Mizuho from $39.00 to $42.00 in a research report released on Friday morning, The Fly reports. Mizuho currently has a neutral rating on the utilities provider's stock.
A number of other research firms have also weighed in on OGE. Barclays reduced their price objective on OGE Energy from $44.00 to $41.00 and set an equal weight rating for the company in a research report on Monday, July 18th. TheStreet raised OGE Energy from a c+ rating to a b rating in a research report on Monday, August 22nd. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of Hold and an average price target of $41.25.
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OGE Energy Trading Up 0.9 %
OGE opened at $41.85 on Friday. The stock has a market cap of $8.38 billion, a PE ratio of 9.10, a PEG ratio of 5.61 and a beta of 0.67. The company has a quick ratio of 0.70, a current ratio of 0.80 and a debt-to-equity ratio of 0.83. The business has a 50 day moving average of $40.45 and a 200-day moving average of $39.81. OGE Energy has a 52 week low of $32.49 and a 52 week high of $42.91.
OGE Energy (NYSE:OGE – Get Rating) last released its 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 firm had revenue of $791.00 million during the quarter, compared to analysts' expectations of $607.65 million. OGE Energy had a net
margin of 32.56% and a return on equity of 16.09%. The company's revenue for the quarter was up 37.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.56 EPS. Equities research analysts predict that OGE Energy will post 2.15 earnings per share for the current fiscal year.
Institutional Trading of OGE Energy
A number of institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. grew its holdings in shares of OGE Energy by 2.6% in the fourth 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. Vanguard Group Inc. grew its holdings in shares of OGE Energy by 0.4% in the first quarter. Vanguard Group Inc. now owns 20,075,591 shares of the utilities provider's stock worth $818,683,000 after acquiring an additional 89,317 shares during the period. State Street Corp grew its holdings in shares of OGE Energy by 24.1% in the first quarter. State Street Corp now owns 7,013,271 shares of the utilities provider's stock worth $286,001,000 after acquiring an additional 1,360,363 shares during the period. FMR LLC grew its holdings in shares of OGE Energy by 2.6% in the second quarter. FMR LLC now owns 6,955,827 shares of the utilities provider's stock worth $268,217,000 after acquiring an additional 173,657 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in shares of OGE Energy by 0.9% in the first quarter. Bank of New York Mellon Corp now owns 2,857,299 shares of the utilities provider's stock worth $116,519,000 after acquiring an additional 25,052 shares during the period. Institutional investors own 67.99% of the company's stock.
OGE Energy Company Profile
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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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