OGE Energy (NYSE:OGE) Rating Increased to Hold at LADENBURG THALM/SH SH

OGE Energy (NYSE:OGE) was upgraded by research analysts at LADENBURG THALM/SH SH to a “hold” rating in a report issued on Monday,Zacks.com reports.

OGE has been the subject of several other research reports. Barclays lifted their price target on OGE Energy from $42.00 to $44.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 25th. Evercore ISI upgraded OGE Energy from an “in-line” rating to an “outperform” rating and lifted their price objective for the stock from $40.00 to $47.00 in a research report on Tuesday, January 21st. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, OGE Energy has a consensus rating of “Hold” and a consensus price target of $45.67.

OGE Energy Trading Down 0.2 %

NYSE:OGE opened at $44.78 on Monday. The company has a market capitalization of $9.01 billion, a PE ratio of 20.35, a price-to-earnings-growth ratio of 3.30 and a beta of 0.70. The company has a quick ratio of 0.51, a current ratio of 0.73 and a debt-to-equity ratio of 1.08. OGE Energy has a 52-week low of $32.37 and a 52-week high of $46.54. The stock has a fifty day simple moving average of $43.37 and a 200-day simple moving average of $42.05.

Institutional Trading of OGE Energy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in OGE. Norges Bank purchased a new stake in OGE Energy in the 4th quarter valued at about $68,876,000. Merewether Investment Management LP purchased a new stake in OGE Energy in the 4th quarter valued at about $44,470,000. Cohen & Steers Inc. purchased a new stake in OGE Energy in the 4th quarter valued at about $43,618,000. T. Rowe Price Investment Management Inc. grew its holdings in OGE Energy by 15.8% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 6,174,558 shares of the utilities provider’s stock valued at $254,701,000 after buying an additional 844,679 shares during the period. Finally, Northern Trust Corp grew its holdings in OGE Energy by 29.3% in the 4th quarter. Northern Trust Corp now owns 3,562,014 shares of the utilities provider’s stock valued at $146,933,000 after buying an additional 807,690 shares during the period. Hedge funds and other institutional investors own 71.84% of the company’s stock.

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.