Are Analysts Bearish OGE Energy Corp. (NYSE:OGE) After Last Week?

May 25, 2018 - By Marry Poplack

OGE Energy Corp. (NYSE:OGE) LogoInvestors sentiment increased to 1.09 in Q4 2017. Its up 0.09, from 1 in 2017Q3. It is positive, as 28 investors sold OGE Energy Corp. shares while 110 reduced holdings. 50 funds opened positions while 100 raised stakes. 121.48 million shares or 1.46% less from 123.28 million shares in 2017Q3 were reported.
Morgan Stanley holds 1.21 million shares. Old Mutual Glob Invsts (Uk) Limited invested in 111,805 shares or 0.03% of the stock. Finance Counselors Inc stated it has 13,479 shares. Sumitomo Mitsui Asset accumulated 13,032 shares. Viking Fund Mngmt stated it has 250,000 shares or 1.34% of all its holdings. Architects has 700 shares for 0% of their portfolio. Credit Suisse Ag owns 263,750 shares. Thrivent For Lutherans reported 0.1% stake. Mufg Americas Hldg Corp holds 0% or 455 shares in its portfolio. 1.69M were reported by Geode Cap Mgmt Lc. Tower Rech Limited Liability Company (Trc) invested in 884 shares or 0% of the stock. Prudential Finance Inc reported 1.27M shares stake. Community Retail Bank Na holds 0.02% or 7,000 shares. Zurcher Kantonalbank (Zurich Cantonalbank) holds 25,762 shares. Mercer Capital Advisers Incorporated has 0.17% invested in OGE Energy Corp. (NYSE:OGE).

Since February 26, 2018, it had 2 insider purchases, and 0 insider sales for $63,162 activity. Clarke Peter D. had bought 1,850 shares worth $59,934 on Monday, February 26.

OGE Energy Corp. (NYSE:OGE) Ratings Coverage

Among 4 analysts covering OGE Energy (NYSE:OGE), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. OGE Energy had 5 analyst reports since December 27, 2017 according to SRatingsIntel. The firm has “Hold” rating by Edward Jones given on Wednesday, December 27. As per Wednesday, January 10, the company rating was upgraded by Goldman Sachs. On Friday, February 23 the stock rating was upgraded by Bank of America to “Buy”. The firm earned “Hold” rating on Thursday, January 18 by Bank of America. Below is a list of OGE Energy Corp. (NYSE:OGE) latest ratings and price target changes.

23/02/2018 Broker: Bank of America Rating: Buy New Target: $34.0 Upgrade
02/02/2018 Broker: UBS Rating: Neutral New Target: $33 Initiates Coverage On
18/01/2018 Broker: Bank of America Rating: Hold Upgrade
10/01/2018 Broker: Goldman Sachs Rating: Buy New Target: $38.0 Upgrade
27/12/2017 Broker: Edward Jones Old Rating: Buy New Rating: Hold Downgrade

The stock increased 0.17% or $0.06 during the last trading session, reaching $34.42. About 283,480 shares traded. OGE Energy Corp. (NYSE:OGE) has declined 8.90% since May 25, 2017 and is downtrending. It has underperformed by 20.45% the S&P500.

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 has market cap of $6.88 billion. The firm operates in two divisions, Electric Utility and Natural Gas Midstream Operations. It has a 10.79 P/E ratio. The Electric Utility segment generates, transmits, distributes, and sells electric energy in Oklahoma and western Arkansas.

More news for OGE Energy Corp. (NYSE:OGE) were recently published by: Seekingalpha.com, which released: “OGE Energy’s (OGE) CEO Robert Trauschke on Q1 2018 Results – Earnings Call Transcript” on May 06, 2018. Globenewswire.com‘s article titled: “Market Trends Toward New Normal in The Trade Desk, Walker & Dunlop, Fairmount Santrol, OGE Energy, Acushnet …” and published on May 16, 2018 is yet another important article.

OGE Energy Corp. (NYSE:OGE) Institutional Positions Chart

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