OGE Energy (NYSE:OGE) Rating Increased to Hold at LADENBURG THALM/SH SH

OGE Energy (NYSE:OGE) was upgraded by LADENBURG THALM/SH SH to a “hold” rating in a research report issued on Monday,Zacks.com reports.

A number of other brokerages have also recently issued reports on OGE. Evercore ISI upgraded OGE Energy from an “in-line” rating to an “outperform” rating and boosted their target price for the stock from $40.00 to $47.00 in a report on Tuesday, January 21st. Barclays boosted their price target on OGE Energy from $42.00 to $44.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 25th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, OGE Energy has an average rating of “Hold” and a consensus target price of $45.67.

OGE Energy Stock Down 0.2 %

Shares of NYSE:OGE opened at $44.78 on Monday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.51 and a current ratio of 0.73. OGE Energy has a 1 year low of $32.37 and a 1 year high of $46.54. The stock has a market capitalization of $9.01 billion, a P/E ratio of 20.35, a PEG ratio of 3.30 and a beta of 0.70. The stock has a 50-day simple moving average of $43.37 and a 200-day simple moving average of $42.05.

Hedge Funds Weigh In On OGE Energy

A number of institutional investors have recently made changes to their positions in OGE. Headlands Technologies LLC acquired a new position in shares of OGE Energy in the 4th quarter valued at approximately $27,000. Bessemer Group Inc. raised its position in shares of OGE Energy by 102.0% in the 4th quarter. Bessemer Group Inc. now owns 715 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 361 shares in the last quarter. Stonebridge Financial Group LLC acquired a new position in shares of OGE Energy in the 4th quarter valued at approximately $35,000. Principal Securities Inc. raised its position in shares of OGE Energy by 204.7% in the 4th quarter. Principal Securities Inc. now owns 981 shares of the utilities provider’s stock valued at $40,000 after purchasing an additional 659 shares in the last quarter. Finally, BankPlus Trust Department acquired a new position in shares of OGE Energy in the 4th quarter valued at approximately $44,000. 71.84% of the stock is owned by institutional investors and hedge funds.

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.