OGE Energy (OGE) Lifted to Buy at Goldman Sachs Group

Galtero Lara
Enero 13, 2018

(NYSE:OGE) during the fourth quarter, according to its most recent filing with the SEC. Accern also gave media headlines about the utilities provider an impact score of 45.9554338560621 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the near future. Mutual of America Capital Management LLC raised its stake in shares of OGE Energy by 0.5% in the 2nd quarter. Institutional investors and hedge funds own 62.22% of the company's stock. OLD Republic International Corp increased its stake in shares of OGE Energy Corp.by 55.5% in the third quarter. Citadel Advisors LLC now owns 1,889,541 shares of the utilities provider's stock valued at $68,080,000 after purchasing an additional 1,136,560 shares during the last quarter. Neuberger Berman Group LLC raised its stake in shares of OGE Energy by 1.1% in the 2nd quarter. NN Investment Partners Holdings N.V. now owns 9,385 shares of the company's stock worth $314,000 after buying an additional 1,747 shares during the last quarter. Ltd. raised its position in shares of OGE Energy by 2.9% in the 3rd quarter.

COPYRIGHT VIOLATION WARNING: "Janus Henderson Group PLC Sells 99,190 Shares of OGE Energy Corp". Thrivent Financial For Lutherans now owns 1,031,862 shares of the utilities provider's stock valued at $35,898,000 after purchasing an additional 994,182 shares during the last quarter. Finally, AMP Capital Investors Ltd raised its position in shares of OGE Energy by 2.4% in the 3rd quarter. Ameritas Investment Partners Inc. now owns 59,762 shares of the utilities provider's stock valued at $2,079,000 after acquiring an additional 892 shares during the period.

A number of other large investors have also recently modified their holdings of OGE. Finally, Wells Fargo & Co lowered OGE Energy from an "outperform" rating to a "market perform" rating and set a $38.00 target price for the company.in a research report on Friday, October 6th. They issued an "underperform" rating and a $37.00 target price for the company. Zacks Investment Research lowered OGE Energy from a "hold" rating to a "sell" rating in a research report on Friday, December 22nd.

OGE Energy (NYSE:OGE) was upgraded by equities research analysts at Goldman Sachs Group from a "neutral" rating to a "buy" rating in a research report issued on Wednesday. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. The company now has an average rating of "Hold" and a consensus price target of $36.67.

Shares of OGE Energy (OGE) opened at $31.25 on Wednesday. (NYSE:OGE) is -1.489178. Free cash flow (FCF) is the cash produced by the company minus capital expenditure. The stock had a trading volume of 1,880,000 shares, compared to its average volume of 1,120,000. The stock has a market capitalization of $6.67 billion, a P/E ratio of 21.54 and a beta of 0.64. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.46 and a current ratio of 0.63.

More news: Williams Capital Reiterates $30.00 Price Target for Cabot Oil & Gas (COG)

The average 1-year price target for OGE Energy Corp. The price to earnings ratio for OGE Energy Corp. The utilities provider reported $0.92 EPS for the quarter, missing the Zacks' consensus estimate of $0.93 by ($0.01). The firm had revenue of $716.80 million for the quarter, compared to analysts' expectations of $728.18 million.

The Return on Invested Capital (aka ROIC) for OGE Energy Corp. The company's revenue for the quarter was down 3.6% compared to the same quarter a year ago. OGE Energy Corp. has a 12-month low of $24.39 and a 12-month high of $34.23. Stockholders of record on Wednesday, January 10th will be paid a dividend of $0.3325 per share. The ex-dividend date of this dividend is Tuesday, January 9th. This represents a $1.21 dividend on an annualized basis and a dividend yield of 3.62%. The Price to Book ratio for OGE Energy Corp.

In other news, VP Patricia D. Horn sold 10,051 shares of the stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $35.56, for a total value of $357,413.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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OGE Energy Corp., together with its subsidiaries, operates as an energy and energy services well-known provider that offers physical delivery and related services for electricity and natural gas primarily in the south central United States. The Company operates through two business segments: electric utility and natural gas midstream operations. The Electric Utility segment generates, transmits, distributes, and sells electric energy in Oklahoma and western Arkansas.

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