OGE Energy Corporation (OGE) has been under a strong bear grip, hence the stock is down -3.37% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.73% in the past 1 week. The stock has risen by 1.79% in the past week indicating that the buyers are active at lower levels, but the stock is down -2.37% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 1.05% and the 50-Day Moving Average is 0.44%. OGE Energy Corporation (NYSE:OGE): On Fridays trading session , Opening price of the stock was $31.58 with an intraday high of $31.66. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $31.27. However, the stock managed to close at $31.3, a loss of 0.67% for the day. On the previous day, the stock had closed at $31.51. The total traded volume of the day was 921,814 shares.
The company Insiders own 0.75% of OGE Energy Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -40.41% . Institutional Investors own 65.04% of OGE Energy Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -35.1%. Also, Jefferies maintains its view on OGE Energy Corporation (NYSE:OGE) according to the research report released by the firm to its investors. The shares have now been rated Hold by the stock experts at the ratings house. Jefferies lowers the price target from $34 per share to $32.5 per share on OGE Energy Corporation. The rating by the firm was issued on August 5, 2016.
OGE Energy Corp. (OGE Energy) is an energy and energy services provider offering physical delivery and related services for both electricity and natural gas in the south central United States. The Company operates through two business segments: electric utility and natural gas midstream operations. The electric utility segment generates, transmits, distributes and sells electric energy in Oklahoma and western Arkansas. Its operations are conducted through Oklahoma Gas and Electric Company (OG&E), a wholly owned subsidiary of the Company and an electric utility-based in Oklahoma with its franchised service territory at the Fort Smith, Arkansas area. The natural gas midstream operations segment through its investment in Enable Midstream Partners, LP (Enable), through its wholly owned subsidiary OGE Holdings, which is engaged in the business of gathering, processing, transporting and storing natural gas.