Barclays Increases OGE Energy (NYSE:OGE) Price Target to $44.00

OGE Energy (NYSE:OGE) had its target price upped by Barclays from $42.00 to $44.00 in a report released on Tuesday,Benzinga reports. The firm presently has an “equal weight” rating on the utilities provider’s stock. Barclays‘s price objective would indicate a potential downside of 3.08% from the company’s current price.

Separately, Evercore ISI upgraded OGE Energy from an “in-line” rating to an “outperform” rating and lifted their target price for the company from $40.00 to $47.00 in a research report on Tuesday, January 21st. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, OGE Energy presently has a consensus rating of “Hold” and an average target price of $45.67.

OGE Energy Stock Performance

OGE Energy stock opened at $45.40 on Tuesday. OGE Energy has a 12-month low of $32.37 and a 12-month high of $45.69. The company has a quick ratio of 0.51, a current ratio of 0.73 and a debt-to-equity ratio of 1.08. The business’s 50-day moving average price is $42.35 and its two-hundred day moving average price is $41.50. The stock has a market cap of $9.13 billion, a PE ratio of 20.64, a P/E/G ratio of 3.30 and a beta of 0.78.

Institutional Investors Weigh In On OGE Energy

Several institutional investors have recently bought and sold shares of OGE. LifeWealth Investments LLC purchased a new position in OGE Energy in the fourth quarter worth $215,000. Mackenzie Financial Corp increased its position in shares of OGE Energy by 22.2% during the 4th quarter. Mackenzie Financial Corp now owns 182,359 shares of the utilities provider’s stock valued at $7,522,000 after purchasing an additional 33,166 shares during the last quarter. PharVision Advisers LLC bought a new position in OGE Energy during the 4th quarter worth approximately $502,000. Two Sigma Advisers LP purchased a new stake in OGE Energy in the 4th quarter worth approximately $214,000. Finally, Scissortail Wealth Management LLC lifted its holdings in OGE Energy by 224,487.5% in the 4th quarter. Scissortail Wealth Management LLC now owns 17,967 shares of the utilities provider’s stock worth $741,000 after buying an additional 17,959 shares during the period. 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.