Ladenburg Thalmann & Co. Keeps Their Hold Rating on OGE Energy (OGE)

Ladenburg Thalmann & Co. analyst Stephen D’Ambrisi maintained a Hold rating on OGE Energy (OGE – Research Report) today and set a price target of $42.50. The company’s shares closed yesterday at $43.06.

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According to TipRanks, D’Ambrisi is a 2-star analyst with an average return of -3.4% and a 0.00% success rate. D’Ambrisi covers the Utilities sector, focusing on stocks such as OGE Energy, Pinnacle West Capital, and Southwest Gas.

In addition to Ladenburg Thalmann & Co., OGE Energy also received a Hold from Bank of America Securities’s Ross Fowler in a report issued on May 6. However, on May 1, Jefferies maintained a Buy rating on OGE Energy (NYSE: OGE).

Based on OGE Energy’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $747.7 million and a net profit of $62.7 million. In comparison, last year the company earned a revenue of $596.8 million and had a net profit of $18.6 million

Based on the recent corporate insider activity of 30 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of OGE in relation to earlier this year.