The Treasurer of OGE Energy (NYSE: OGE) is Buying Shares

By Carrie Williams

Today, the Treasurer of OGE Energy (NYSE: OGE), Charles Walworth, bought shares of OGE for $3,227.

This recent transaction increases Charles Walworth’s holding in the company by 7.58% to a total of $168.8K.

The company has a one-year high of $37.41 and a one-year low of $29.59. OGE’s market cap is $6.31B and the company has a P/E ratio of 10.11. Currently, OGE Energy has an average volume of 1.66M.

10 different firms, including Merrill Lynch and Goldman Sachs, currently also have a Buy rating on the stock. Based on 4 analyst ratings, the analyst consensus is Strong Buy with an average price target of $35, reflecting a -10.5% downside.

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OGE Energy a holding company which engages in the offering of 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.