Jefferies Reiterates a Hold Rating on OGE Energy

By Carrie Williams

In a report released today, Anthony Crowdell from Jefferies reiterated a Hold rating on OGE Energy (NYSE: OGE), with a price target of $31.50. The company’s shares closed yesterday at $29.86.

Crowdell observed:

“OGE reported 3Q16 EPS of $0.92 versus $0.90 in 3Q15, our estimate of $0.90 and Consensus of $0.94. Gross margin improvement at the utility was offset by greater O&M and depreciation expenses.”

According to, Crowdell is a 3-star analyst with an average return of 1.1% and a 45.7% success rate. Crowdell covers the Utilities sector, focusing on stocks such as Public Service Enterprise, El Paso Electric Company, and American Electric Power.

OGE Energy has an analyst consensus of Moderate Buy.

Based on OGE Energy’s latest earnings report from June 30, the company posted quarterly revenue of $551.4M and quarterly net profit of $71.5M. In comparison, last year the company earned revenue of $719.8M and had a net profit of $111.2M.

Based on the recent corporate insider activity of 9 insiders, corporate insider sentiment is neutral on the stock. Most recently, in August 2016, Jean Leger, the VP – Utility Operations of OGE sold 10,000 shares for a total of $311,700.

OGE Energy an energy and energy services provider offering physical delivery and related services for both electricity and natural gas primarily in the south central United States. It operates through two business segments: Electric Utility and Natural Gas Midstream Operations. The Electric Utility business segment generates, transmits, distributes and sells electric energy in Oklahoma and Western Arkansas. The Natural Gas Midstream Operations segment engaged in the business of gathering, processing, transporting, storing, and marketing of natural gas. OGE Energy was founded in August 1995 and is headquartered in Oklahoma City, OK.