OGE Energy’s (OGE) Hold Rating Reiterated at Evercore ISI

OGE Energy (NYSE:OGE)‘s stock had its “hold” rating reiterated by Evercore ISI in a report issued on Monday, AnalystRatings.com reports. They currently have a $42.00 price objective on the utilities provider’s stock. Evercore ISI’s target price would suggest a potential downside of 0.26% from the stock’s current price.

A number of other equities research analysts have also recently commented on the stock. Mizuho upped their target price on shares of OGE Energy from $43.50 to $45.00 and gave the company a “neutral” rating in a report on Friday, September 20th. UBS Group lowered their price target on OGE Energy from $45.00 to $43.00 and set a “neutral” rating on the stock in a report on Tuesday, November 26th. Bank of America upgraded OGE Energy from a “neutral” rating to a “buy” rating and boosted their price target for the company from $44.00 to $46.00 in a research report on Friday, September 6th. Finally, Zacks Investment Research raised OGE Energy from a “sell” rating to a “hold” rating and set a $48.00 price objective for the company in a research note on Monday, September 23rd. One analyst has rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $43.50.

Shares of OGE Energy stock opened at $42.11 on Monday. The firm’s fifty day simple moving average is $42.72 and its 200-day simple moving average is $43.11. OGE Energy has a 12 month low of $37.67 and a 12 month high of $45.77. The stock has a market capitalization of $8.42 billion, a price-to-earnings ratio of 19.86, a PEG ratio of 4.12 and a beta of 0.47. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.79 and a quick ratio of 0.59.

OGE Energy (NYSE:OGE) last issued its quarterly earnings results on Thursday, November 7th. The utilities provider reported $1.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.11 by $0.14. OGE Energy had a net margin of 19.94% and a return on equity of 11.20%. The firm had revenue of $755.40 million during the quarter, compared to analysts’ expectations of $728.22 million. During the same quarter in the prior year, the business earned $1.02 EPS. OGE Energy’s quarterly revenue was up 8.1% compared to the same quarter last year. Analysts anticipate that OGE Energy will post 2.27 earnings per share for the current year.

Large investors have recently bought and sold shares of the stock. Artemis Investment Management LLP raised its position in OGE Energy by 22.7% during the 2nd quarter. Artemis Investment Management LLP now owns 416,189 shares of the utilities provider’s stock worth $17,217,000 after buying an additional 76,914 shares during the last quarter. Steward Partners Investment Advisory LLC acquired a new stake in shares of OGE Energy in the 2nd quarter worth $63,000. Canada Pension Plan Investment Board lifted its stake in shares of OGE Energy by 20.4% in the 2nd quarter. Canada Pension Plan Investment Board now owns 1,090,432 shares of the utilities provider’s stock worth $46,409,000 after acquiring an additional 184,721 shares during the period. TD Asset Management Inc. boosted its holdings in shares of OGE Energy by 128.6% in the second quarter. TD Asset Management Inc. now owns 150,292 shares of the utilities provider’s stock valued at $6,396,000 after acquiring an additional 84,551 shares in the last quarter. Finally, Quantamental Technologies LLC purchased a new stake in shares of OGE Energy in the second quarter valued at about $203,000. Hedge funds and other institutional investors own 65.60% of the company’s stock.

About OGE Energy

OGE Energy Corp., together with its subsidiaries, operates as an energy and energy services provider that provides physical delivery and related services for electricity and natural gas primarily in the south central United States. It operates in two segments, Electric Utility and Natural Gas Midstream Operations.

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Analyst Recommendations for OGE Energy (NYSE:OGE)

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