OGE Energy (NYSE:OGE) was downgraded by equities research analysts at Goldman Sachs Group from a “neutral” rating to a “sell” rating in a note issued to investors on Monday, MarketBeat.com reports. They presently have a $37.00 price objective on the utilities provider’s stock. Goldman Sachs Group’s price target points to a potential downside of 12.05% from the stock’s previous close.

A number of other research firms also recently commented on OGE. Guggenheim downgraded OGE Energy from a “buy” rating to a “neutral” rating in a research note on Monday, January 7th. They noted that the move was a valuation call. Zacks Investment Research upgraded OGE Energy from a “hold” rating to a “buy” rating and set a $47.00 price target for the company in a research note on Monday, February 18th. Finally, Wolfe Research initiated coverage on shares of OGE Energy in a report on Friday, March 15th. They issued a “market perform” rating on the stock. Two research analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. OGE Energy has a consensus rating of “Hold” and a consensus price target of $39.40.

NYSE:OGE opened at $42.07 on Monday. The stock has a market capitalization of $8.62 billion, a P/E ratio of 19.84, a PEG ratio of 4.34 and a beta of 0.56. OGE Energy has a one year low of $31.49 and a one year high of $43.76. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.64 and a quick ratio of 0.43.

OGE Energy (NYSE:OGE) last posted its quarterly earnings results on Thursday, February 21st. The utilities provider reported $0.27 EPS for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.04. The business had revenue of $511.80 million during the quarter, compared to the consensus estimate of $490.80 million. OGE Energy had a return on equity of 10.80% and a net margin of 18.74%. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period last year, the firm earned $0.30 earnings per share. On average, analysts predict that OGE Energy will post 2.14 EPS for the current year.

In other OGE Energy news, VP Kenneth R. Grant sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, February 27th. The shares were sold at an average price of $42.20, for a total value of $63,300.00. Following the transaction, the vice president now owns 10,768 shares of the company’s stock, valued at $454,409.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Jerry A. Peace sold 4,000 shares of the firm’s stock in a transaction dated Monday, February 25th. The stock was sold at an average price of $42.28, for a total transaction of $169,120.00. Following the completion of the transaction, the vice president now directly owns 18,417 shares in the company, valued at approximately $778,670.76. The disclosure for this sale can be found here. Company insiders own 0.44% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the business. Rare Infrastructure Ltd raised its holdings in shares of OGE Energy by 9.1% during the fourth quarter. Rare Infrastructure Ltd now owns 3,022 shares of the utilities provider’s stock valued at $119,000 after buying an additional 251 shares during the last quarter. State of Alaska Department of Revenue raised its holdings in shares of OGE Energy by 1.6% during the first quarter. State of Alaska Department of Revenue now owns 21,515 shares of the utilities provider’s stock valued at $927,000 after buying an additional 330 shares during the last quarter. Westside Investment Management Inc. raised its holdings in shares of OGE Energy by 14.4% during the fourth quarter. Westside Investment Management Inc. now owns 2,960 shares of the utilities provider’s stock valued at $116,000 after buying an additional 373 shares during the last quarter. Reilly Financial Advisors LLC raised its holdings in shares of OGE Energy by 1.3% during the fourth quarter. Reilly Financial Advisors LLC now owns 35,800 shares of the utilities provider’s stock valued at $1,403,000 after buying an additional 450 shares during the last quarter. Finally, Proficio Capital Partners LLC raised its holdings in shares of OGE Energy by 79.9% during the fourth quarter. Proficio Capital Partners LLC now owns 1,110 shares of the utilities provider’s stock valued at $44,000 after buying an additional 493 shares during the last quarter. 69.15% of the stock is currently owned by hedge funds and other institutional investors.

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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