Fintel reports that on October 4, 2023, UBS maintained coverage of Oge Energy (NYSE:OGE) with a Neutral recommendation.
Analyst Price Forecast Suggests 16.77% Upside
As of August 31, 2023, the average one-year price target for Oge Energy is 37.74. The forecasts range from a low of 35.35 to a high of $40.95. The average price target represents an increase of 16.77% from its latest reported closing price of 32.32.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Oge Energy is 3,394MM, an increase of 7.92%. The projected annual non-GAAP EPS is 2.06.
What is the Fund Sentiment?
There are 856 funds or institutions reporting positions in Oge Energy. This is a decrease of 43 owner(s) or 4.78% in the last quarter. Average portfolio weight of all funds dedicated to OGE is 0.23%, a decrease of 11.67%. Total shares owned by institutions decreased in the last three months by 4.40% to 160,186K shares. 
The put/call ratio of OGE is 0.13, indicating a bullish outlook.
What are Other Shareholders Doing?
Rare Infrastructure holds 6,432K shares representing 3.21% ownership of the company. In it's prior filing, the firm reported owning 6,610K shares, representing a decrease of 2.76%. The firm decreased its portfolio allocation in OGE by 17.17% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 6,243K shares representing 3.12% ownership of the company. In it's prior filing, the firm reported owning 6,174K shares, representing an increase of 1.10%. The firm decreased its portfolio allocation in OGE by 11.04% over the last quarter.
IJH - iShares Core S&P Mid-Cap ETF holds 6,076K shares representing 3.03% ownership of the company. In it's prior filing, the firm reported owning 6,176K shares, representing a decrease of 1.66%. The firm decreased its portfolio allocation in OGE by 10.15% over the last quarter.
NAESX - Vanguard Small-Cap Index Fund Investor Shares holds 5,171K shares representing 2.58% ownership of the company. In it's prior filing, the firm reported owning 5,239K shares, representing a decrease of 1.32%. The firm decreased its portfolio allocation in OGE by 10.46% over the last quarter.
DVY - iShares Select Dividend ETF holds 4,807K shares representing 2.40% ownership of the company. In it's prior filing, the firm reported owning 5,073K shares, representing a decrease of 5.53%. The firm decreased its portfolio allocation in OGE by 2.83% over the last quarter.
Oge Energy Background Information
(This description is provided by the company.)
OGE Energy Corp. is the parent company of OG&E, a regulated electric utility with approximately 865,000 customers in Oklahoma and western Arkansas. In addition, OGE holds a 25.5 percent limited partner interest and a 50 percent general partner interest of Enable Midstream Partners LP, created by the merger of OGE's Enogex LLC midstream subsidiary and the pipeline and field services businesses of Houston-based CenterPoint Energy.
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