Should Investors Be Buying OGE Energy (NYSE:OGE) Stock Following Today’s Bank of America Upgrade?

January 19, 2018 - By marketbeat

  Should Investors Be Buying OGE Energy (NYSE:OGE) Stock Following Today’s Bank of America Upgrade?

Investors sentiment increased to 1 in 2017 Q3. Its up 0.16, from 0.84 in 2017Q2. It is positive, as 22 investors sold OGE Energy Corp. shares while 110 reduced holdings. 33 funds opened positions while 99 raised stakes. 123.28 million shares or 0.34% less from 123.70 million shares in 2017Q2 were reported.

Carroll Fincl Assoc Inc invested in 0.01% or 3,026 shares. Icon Advisers Inc Company invested 0.1% in OGE Energy Corp. (NYSE:OGE). Bokf Na reported 71,885 shares. Old Mutual Customised Solutions (Proprietary) reported 5,300 shares. 10,905 are owned by First Allied Advisory Service Incorporated. 84,800 are held by Omers Administration Corp. State Of Wisconsin Board holds 338,326 shares. Vaughan David Invs Il has 1.32% invested in OGE Energy Corp. (NYSE:OGE). Stephens Ar has invested 0.01% of its portfolio in OGE Energy Corp. (NYSE:OGE). Swiss Bank & Trust owns 734,300 shares for 0.03% of their portfolio. Centurylink Investment Management Communications has invested 0.42% in OGE Energy Corp. (NYSE:OGE). North Carolina-based Bb&T Corporation has invested 0.17% in OGE Energy Corp. (NYSE:OGE). Cranbrook Wealth Management Limited Liability Com accumulated 67 shares. Sumitomo Mitsui Trust reported 616,805 shares stake. Ing Groep Nv holds 0.02% of its portfolio in OGE Energy Corp. (NYSE:OGE) for 24,458 shares.

Since August 7, 2017, it had 0 insider purchases, and 2 insider sales for $214,418 activity. 4,670 shares were sold by Forbes H Scott, worth $169,025.

OGE Energy (NYSE:OGE) Stock Upgrade

The previous rating of a “Underperform” for OGE Energy (NYSE:OGE) has been discontinued as Bank of America raised OGE’s current rating to a respectable “Neutral”.

Investors sentiment increased to 1 in 2017 Q3. Its up 0.16, from 0.84 in 2017Q2. It is positive, as 22 investors sold OGE Energy Corp. shares while 110 reduced holdings. 33 funds opened positions while 99 raised stakes. 123.28 million shares or 0.34% less from 123.70 million shares in 2017Q2 were reported.

Carroll Fincl Assoc Inc invested in 0.01% or 3,026 shares. Icon Advisers Inc Company invested 0.1% in OGE Energy Corp. (NYSE:OGE). Bokf Na reported 71,885 shares. Old Mutual Customised Solutions (Proprietary) reported 5,300 shares. 10,905 are owned by First Allied Advisory Service Incorporated. 84,800 are held by Omers Administration Corp. State Of Wisconsin Board holds 338,326 shares. Vaughan David Invs Il has 1.32% invested in OGE Energy Corp. (NYSE:OGE). Stephens Ar has invested 0.01% of its portfolio in OGE Energy Corp. (NYSE:OGE). Swiss Bank & Trust owns 734,300 shares for 0.03% of their portfolio. Centurylink Investment Management Communications has invested 0.42% in OGE Energy Corp. (NYSE:OGE). North Carolina-based Bb&T Corporation has invested 0.17% in OGE Energy Corp. (NYSE:OGE). Cranbrook Wealth Management Limited Liability Com accumulated 67 shares. Sumitomo Mitsui Trust reported 616,805 shares stake. Ing Groep Nv holds 0.02% of its portfolio in OGE Energy Corp. (NYSE:OGE) for 24,458 shares.

Since August 7, 2017, it had 0 insider purchases, and 2 insider sales for $214,418 activity. 4,670 shares were sold by Forbes H Scott, worth $169,025.

OGE Energy Corp. (NYSE:OGE) Ratings Coverage

Among 10 analysts covering OGE Energy (NYSE:OGE), 2 have Buy rating, 0 Sell and 8 Hold. Therefore 20% are positive. OGE Energy has $38.0 highest and $28 lowest target. $34.17’s average target is 9.06% above currents $31.33 stock price. OGE Energy had 21 analyst reports since August 7, 2015 according to SRatingsIntel. The stock of OGE Energy Corp. (NYSE:OGE) has “Hold” rating given on Friday, July 21 by Jefferies. The stock has “Hold” rating by KeyBanc Capital Markets on Wednesday, October 18. Wunderlich maintained the shares of OGE in report on Friday, November 6 with “Hold” rating. The stock of OGE Energy Corp. (NYSE:OGE) earned “Hold” rating by Jefferies on Friday, August 14. The stock of OGE Energy Corp. (NYSE:OGE) has “Hold” rating given on Friday, August 4 by Jefferies. The rating was initiated by Bank of America on Tuesday, October 24 with “Sell”. The rating was initiated by Goldman Sachs on Thursday, July 20 with “Hold”. The firm earned “Market Perform” rating on Friday, October 6 by Wells Fargo. Edward Jones downgraded the shares of OGE in report on Wednesday, December 27 to “Hold” rating. The stock has “Hold” rating by Jefferies on Wednesday, September 27.

The stock decreased 0.22% or $0.07 during the last trading session, reaching $31.33. About 2.44 million shares traded or 108.15% up from the average. OGE Energy Corp. (NYSE:OGE) has risen 12.79% since January 19, 2017 and is uptrending. It has underperformed by 3.91% the S&P500.

Analysts await OGE Energy Corp. (NYSE:OGE) to report earnings on February, 22. They expect $0.28 EPS, down 3.45 % or $0.01 from last year’s $0.29 per share. OGE’s profit will be $55.92 million for 27.97 P/E if the $0.28 EPS becomes a reality. After $0.92 actual EPS reported by OGE Energy Corp. for the previous quarter, Wall Street now forecasts -69.57 % negative EPS growth.

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 $6.26 billion. The firm operates in two divisions, Electric Utility and Natural Gas Midstream Operations. It has a 16.4 P/E ratio. The Electric Utility segment generates, transmits, distributes, and sells electric energy in Oklahoma and western Arkansas.

More recent OGE Energy Corp. (NYSE:OGE) news were published by: Nasdaq.com which released: “OGE Energy Becomes Oversold (OGE)” on January 10, 2018. Also Nasdaq.com published the news titled: “OGE Energy Corporation (OGE) Ex-Dividend Date Scheduled for January 09, 2018” on January 08, 2018. Prnewswire.com‘s news article titled: “Customers benefit from federal tax reform in OG&E’s rate filing” with publication date: January 16, 2018 was also an interesting one.

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