OGE Energy (NYSE:OGE) PT Raised to $42.00 at Mizuho

OGE Energy (NYSE:OGE – Get Rating) had its price objective raised by equities research analysts at Mizuho from $38.00 to $42.00 in a research note issued on Wednesday, The Fly reports. Mizuho’s target price would indicate a potential upside of 0.70% from the company’s current price.

Other research analysts have also recently issued research reports about the company. Zacks Investment Research raised OGE Energy from a “sell” rating to a “buy” rating and set a $41.00 price objective on the stock in a research note on Tuesday, March 15th. Barclays increased their price objective on OGE Energy from $36.00 to $41.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 31st. Finally, StockNews.com initiated coverage on OGE Energy in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $40.40.

Shares of OGE stock opened at $41.71 on Wednesday. The company has a market capitalization of $8.35 billion, a P/E ratio of 11.37, a P/E/G ratio of 5.53 and a beta of 0.68. The company’s 50-day simple moving average is $38.98 and its two-hundred day simple moving average is $36.95. OGE Energy has a one year low of $32.49 and a one year high of $42.28. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.56 and a quick ratio of 0.42.

OGE Energy (NYSE:OGE – Get Rating) last announced its quarterly earnings data on Thursday, February 24th. The utilities provider reported $0.27 earnings per share (EPS) for the quarter. OGE Energy had a return on equity of 12.50% and a net margin of 20.18%. The company had revenue of $581.30 million for the quarter, compared to analysts’ expectations of $638.06 million. During the same quarter in the prior year, the firm earned $0.57 earnings per share. OGE Energy’s revenue was up 19.8% compared to the same quarter last year. On average, research analysts expect that OGE Energy will post 2.17 EPS for the current fiscal year.

In other OGE Energy news, VP Patricia D. Horn sold 4,015 shares of the company’s stock in a transaction on Monday, March 28th. The stock was sold at an average price of $39.95, for a total transaction of $160,399.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Cristina F. Mcquistion sold 2,200 shares of the stock in a transaction on Tuesday, March 8th. The shares were sold at an average price of $39.41, for a total value of $86,702.00. The disclosure for this sale can be found here. 0.53% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently modified their holdings of the company. James Reed Financial Services Inc. purchased a new stake in shares of OGE Energy during the 4th quarter valued at $25,000. Johnson Financial Group Inc. lifted its holdings in shares of OGE Energy by 2,083.3% during the 4th quarter. Johnson Financial Group Inc. now owns 655 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 625 shares during the last quarter. IFP Advisors Inc purchased a new stake in shares of OGE Energy during the 4th quarter valued at $31,000. Moors & Cabot Inc. purchased a new stake in shares of OGE Energy during the 3rd quarter valued at $32,000. Finally, Godsey & Gibb Associates acquired a new position in shares of OGE Energy in the 3rd quarter valued at $33,000. Hedge funds and other institutional investors own 63.42% of the company’s stock.

OGE Energy Company Profile (Get Rating)

OGE Energy Corp., together with its subsidiaries, operates as an energy and energy services provider that offers physical delivery and related services for electricity, natural gas, crude oil, and natural gas liquids in the United States. The company generates, transmits, distributes, and sells electric energy.

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