OGE Energy (NYSE:OGE) Upgraded at LADENBURG THALM/SH SH

OGE Energy (NYSE:OGE - Get Free Report) was upgraded by investment analysts at LADENBURG THALM/SH SH to a "hold" rating in a research note issued to investors on Monday,Zacks.com reports.

A number of other brokerages have also recently issued reports on OGE. Evercore ISI upgraded shares of OGE Energy from an "in-line" rating to an "outperform" rating and increased their target price for the stock from $40.00 to $47.00 in a research report on Tuesday, January 21st. Barclays raised their price objective on OGE Energy from $42.00 to $44.00 and gave the company an "equal weight" rating in a research note 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's stock. According to MarketBeat.com, OGE Energy presently has an average rating of "Hold" and an average price target of $45.67.

OGE Energy Stock Down 0.7 %

Shares of NYSE:OGE traded down $0.31 during midday trading on Monday, hitting $44.95. 3,377,872 shares of the company's stock traded hands, compared to its average volume of 1,128,967. 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 twelve month low of $32.37 and a twelve month high of $46.54. The firm's fifty day moving average price is $43.65 and its two-hundred day moving average price is $42.15. The company has a market cap of $9.05 billion, a PE ratio of 20.43, a P/E/G ratio of 3.30 and a beta of 0.70.

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Hedge Funds Weigh In On OGE Energy

A number of large investors have recently bought and sold shares of the business. Headlands Technologies LLC acquired a new position in OGE Energy in the 4th quarter worth about $27,000. Bessemer Group Inc. increased its holdings in 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 bought a new position in OGE Energy in the fourth quarter worth about $35,000. Principal Securities Inc. grew its position in OGE Energy by 204.7% in the fourth quarter. Principal Securities Inc. now owns 981 shares of the utilities provider's stock worth $40,000 after buying an additional 659 shares during the last quarter. Finally, BankPlus Trust Department acquired a new stake in shares of OGE Energy during the 4th quarter valued at $44,000. Hedge funds and other institutional investors own 71.84% of the company's stock.

OGE Energy Company Profile

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.