OGE Energy Corp. (OGE:NYE) has been given a “Hold” recommendation by the eight analysts who cover the OGE stock, according to Stock Target Advisor Ratings. The average target price among analysts who have issued reports on the stock in the past year is $37.92.
OGE Stock-Analyst Ratings:
Several research analysts have commented on the OGE shares. UBS Group downgraded the stock from a “Buy” rating to a “Neutral” rating, while Mizuho lowered the price target on the stock from $40.00 to $36.00 and set a “Neutral” rating on the stock.
Bank of America also downgraded the shares from a “Buy” rating to a “Neutral” rating, with a decreased target price of $39.00. Guggenheim downgraded the stock from a “Buy” rating to a “Neutral” rating and increased the target price for the stock from $39.00 to $40.00.
OGE Stock Price Analysis:
OGE Energy stock opened at $38.53 on Wednesday, down 0.3% from the previous day. OGE Energy has a market capitalization of $7.72 billion, a P/E ratio of 11.64, a PEG ratio of 1.86, and a beta of 0.73. Its 52-week high is $42.91 and its 52-week low is $33.28.
Insider activity for OGE Energy showed Director David L. Hauser purchasing 1,000 shares of the company’s stock at an average price of $35.09 per share. Following the purchase, the director now owns 3,000 shares of the OGE stock, valued at $105,270.
Another director, David E. Rainbolt, purchased 5,000 shares of the company’s stock at an average cost of $36.65 per share, with a total value of $183,250.00. Following the purchase, the director now directly owns 15,000 shares of the OGE stock, valued at approximately $549,750. In the last 90 days, insiders acquired 6,100 shares of company stock valued at $221,925.
Insiders own 12.90% of the OGE stock.
Hedge Funds & Institutional Holdings:
Hedge funds have also bought and sold shares of OGE Energy. Private Trust Co. NA bought a new stake in OGE Energy in the second quarter valued at $31,000, while Spire Wealth Management increased its stake in OGE Energy by 189.9% in the fourth quarter.
Mitsubishi UFJ Trust & Banking Corp increased its stake in OGE Energy by 45.0% in the fourth quarter, and Ten Capital Wealth Advisors LLC bought a new stake in the company in the third quarter valued at $42,000.
Finally, Quadrant Capital Group LLC increased its stake in OGE Energy by 39.5% in the third quarter. Institutional investors own 67.78% of the OGE stock.
OGE Energy Corp., together with its subsidiaries, operates as an energy and energy services provider that offers physical delivery and related services in the United States. It operates through Electric Company Operations and Natural Gas Midstream segments.
The company generates, transmits, distributes, and sells electric energy. In addition, it provides retail electric service to approximately 889,000 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. OGE Energy Corp. was founded in 1902 and is headquartered in Oklahoma City, Oklahoma.