Oge Energy Corp. (NYSE: OGE) is 17.32% higher on its value in year-to-date trading and has touched a low of $32.06 and a high of $41.48 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The OGE stock was last observed hovering at around $41.02 in the last trading session, with the day’s loss setting it -0.04%.
Currently trading at $40.98, the stock is 0.97% and 1.89% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.75 million and changing -0.10% at the moment leaves the stock 12.89% off its SMA200. OGE registered 20.67% gain for a year compared to 6-month gain of 18.85%. The firm has a 50-day simple moving average (SMA 50) of $40.2202 and a 200-day simple moving average (SMA200) of $36.3.
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The stock witnessed a 0.71% loss in the last 1 month and extending the period to 3 months gives it a 6.91%, and is 1.01% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.31% over the week and 1.23% over the month.
Oge Energy Corp. (OGE) has around 2329 employees, a market worth around $8.23B and $2.77B in sales. Current P/E ratio is 20.04 and Fwd P/E is 18.05. Profit margin for the company is 14.83%. Distance from 52-week low is 27.82% and -1.21% from its 52-week high. The company has generated returns on investments over the last 12 months (4.42%).
Oge Energy Corp. quarterly earnings per share for the current quarter are estimated at 1.14 with sales reaching $984.09M over the same period.The EPS is expected to grow by 3.98% this year, but quarterly earnings will post 7.10% year-over-year. Quarterly sales are estimated to grow 4.10% in year-over-year returns.
590.0 institutions hold shares in Oge Energy Corp. (OGE), with institutional investors hold 72.89% of the company’s shares. The shares outstanding are 200.30M, and float is at 199.95M with Short Float at 1.74%. Institutions hold 72.65% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 25.42 million shares valued at $907.46 million. The investor’s holdings represent 12.6842 of the OGE Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 21.07 million shares valued at $752.28 million to account for 10.5152 of the shares outstanding. The other top investors are STATE STREET CORP which holds 6.65 million shares representing 3.319 and valued at over $237.45 million, while CLEARBRIDGE INVESTMENTS LTD holds 2.9088 of the shares totaling 5.83 million with a market value of $208.1 million.
Oge Energy Corp. (OGE) Insider Activity
The most recent transaction is an insider sale by McQuistion Cristina F, the company’s VP- Corp. Resp.& Stewardship. SEC filings show that McQuistion Cristina F sold 4,187 shares of the company’s common stock on Mar 06 ’24 at a price of $33.92 per share for a total of $0.14 million. Following the sale, the insider now owns 25926.0 shares.
