OGE Energy Corporation (NYSE:OGE - Get Free Report) SVP Donnie Jones sold 6,508 shares of the firm's stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $46.11, for a total transaction of $300,083.88. Following the sale, the senior vice president directly owned 40,555 shares in the company, valued at $1,869,991.05. The trade was a 13.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
OGE Energy Stock Down 0.1%
OGE opened at $45.69 on Tuesday. The company has a fifty day moving average of $47.89 and a two-hundred day moving average of $47.78. The stock has a market capitalization of $9.44 billion, a price-to-earnings ratio of 20.13, a PEG ratio of 3.39 and a beta of 0.53. OGE Energy Corporation has a fifty-two week low of $41.69 and a fifty-two week high of $50.59. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.47 and a current ratio of 0.77.
OGE Energy (NYSE:OGE - Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The utilities provider reported $0.56 earnings per share for the quarter, topping analysts' consensus estimates of $0.55 by $0.01. The company had revenue of $711.90 million during the quarter, compared to analysts' expectations of $782.73 million. OGE Energy had a return on equity of 9.48% and a net margin of 14.44%.OGE Energy's quarterly revenue was down 4.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.53 EPS. On average, research analysts expect that OGE Energy Corporation will post 2.42 earnings per share for the current year.
Analysts Set New Price Targets
A number of research firms have recently commented on OGE. Morgan Stanley cut their target price on shares of OGE Energy from $51.00 to $49.00 and set an "equal weight" rating for the company in a research note on Friday, August 21st. Wall Street Zen upgraded OGE Energy from a "sell" rating to a "hold" rating in a research report on Saturday, August 1st. LADENBURG THALM/SH SH upped their target price on shares of OGE Energy from $42.50 to $47.00 and gave the stock a "neutral" rating in a report on Monday, May 11th. Weiss Ratings restated a "buy (b)" rating on shares of OGE Energy in a research report on Friday, July 31st. Finally, BMO Capital Markets lowered their target price on OGE Energy from $50.00 to $49.00 and set a "market perform" rating on the stock in a report on Wednesday, July 22nd. Four analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $49.60.
Get Our Latest Stock Analysis on OGE Energy
Institutional Investors Weigh In On OGE Energy
A number of institutional investors have recently made changes to their positions in OGE. Corient Private Wealth LP raised its stake in shares of OGE Energy by 14.2% in the 2nd quarter. Corient Private Wealth LP now owns 253,904 shares of the utilities provider's stock valued at $12,355,000 after acquiring an additional 31,632 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of OGE Energy during the 2nd quarter worth approximately $4,701,000. California State Teachers Retirement System boosted its position in shares of OGE Energy by 4,758.9% during the 2nd quarter. California State Teachers Retirement System now owns 11,614,315 shares of the utilities provider's stock worth $565,153,000 after purchasing an additional 11,375,283 shares during the period. Greenland Capital Management LP increased its holdings in OGE Energy by 187.3% in the 2nd quarter. Greenland Capital Management LP now owns 74,700 shares of the utilities provider's stock valued at $3,635,000 after purchasing an additional 48,700 shares during the last quarter. Finally, Operose Advisors LLC acquired a new stake in OGE Energy in the 2nd quarter valued at approximately $26,000. 71.84% of the stock is currently owned by institutional investors and hedge funds.
OGE Energy Company Profile
(
Get Free Report)
OGE Energy Corp. (NYSE:OGE) is an energy and infrastructure holding company headquartered in Oklahoma City, Oklahoma. Through its principal subsidiary, Oklahoma Gas & Electric Company, the company provides regulated electric service to residential, commercial and industrial customers across Oklahoma and western Arkansas. Its diversified generation mix includes coal, natural gas and wind-powered facilities, complemented by ongoing investments in grid modernization and smart technology to enhance reliability and customer satisfaction.
In addition to its core electric utility operations, OGE Energy Corp.
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