OGE Energy (NYSE:OGE) Stock Rating Upgraded by Wells Fargo & Company

OGE Energy (NYSE:OGE) was upgraded by investment analysts at Wells Fargo & Company to a “hold” rating in a report released on Tuesday,Zacks.com reports.

Other research analysts also recently issued research reports about the stock. Royal Bank Of Canada raised shares of OGE Energy to a “hold” rating in a research report on Tuesday. Wall Street Zen raised shares of OGE Energy from a “sell” rating to a “hold” rating in a research report on Sunday, September 7th. Jefferies Financial Group upped their target price on OGE Energy from $52.00 to $55.00 and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Weiss Ratings reissued a “buy (b)” rating on shares of OGE Energy in a research note on Wednesday, October 8th. Finally, UBS Group raised their target price on shares of OGE Energy from $46.00 to $47.00 and gave the company a “neutral” rating in a research note on Friday, October 10th. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, OGE Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $48.75.

OGE Energy Price Performance

OGE stock opened at $44.33 on Tuesday. The stock has a market cap of $8.93 billion, a PE ratio of 18.17, a price-to-earnings-growth ratio of 3.15 and a beta of 0.59. The stock has a 50-day moving average price of $45.23 and a two-hundred day moving average price of $44.81. The company has a current ratio of 0.78, a quick ratio of 0.48 and a debt-to-equity ratio of 1.16. OGE Energy has a 1 year low of $39.10 and a 1 year high of $47.33.

OGE Energy (NYSE:OGE) last released its earnings results on Wednesday, October 29th. The utilities provider reported $1.14 EPS for the quarter, missing the consensus estimate of $1.16 by ($0.02). The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.04 billion. OGE Energy had a net margin of 15.27% and a return on equity of 10.60%. The company’s revenue was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.09 EPS. OGE Energy has set its FY 2025 guidance at 2.210-2.330 EPS. Equities analysts forecast that OGE Energy will post 2.27 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its holdings in shares of OGE Energy by 27.5% during the 1st quarter. GAMMA Investing LLC now owns 6,992 shares of the utilities provider’s stock worth $321,000 after buying an additional 1,509 shares in the last quarter. Bessemer Group Inc. boosted its stake in shares of OGE Energy by 45.9% in the 1st quarter. Bessemer Group Inc. now owns 1,043 shares of the utilities provider’s stock valued at $48,000 after purchasing an additional 328 shares in the last quarter. KBC Group NV boosted its stake in shares of OGE Energy by 13.8% in the 1st quarter. KBC Group NV now owns 8,871 shares of the utilities provider’s stock valued at $408,000 after purchasing an additional 1,076 shares in the last quarter. Meritage Portfolio Management boosted its stake in shares of OGE Energy by 23.4% in the 1st quarter. Meritage Portfolio Management now owns 14,603 shares of the utilities provider’s stock valued at $671,000 after purchasing an additional 2,771 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its stake in shares of OGE Energy by 0.3% in the 1st quarter. Principal Financial Group Inc. now owns 462,312 shares of the utilities provider’s stock valued at $21,248,000 after purchasing an additional 1,594 shares in the last quarter. 71.84% of the stock is owned by institutional investors.

About OGE Energy

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.