Shares of OGE Energy Corporation (OGE) Drops by -0.62%

OGE Energy Corporation (OGE) has risen sharply, recording gains of 3.35% in the past 4 weeks. However, the stock has corrected -0.62% in the past 1 week, providing a good buying opportunity on dips. OGE Energy Corporation (OGE) : During the past 4 weeks, traders have been relatively bearish on OGE Energy Corporation (OGE), hence the stock is down -0.98% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -2.08% relative to the S&P 500. The stock has recorded a 20-day Moving Average of 1.49% and the 50-Day Moving Average is 3.95%.

OGE Energy Corporation (NYSE:OGE): The stock was completely flat for the day, closing at $32.06 on Friday. The flat closing masks the intraday volatility in the stock. After opening at $32.05, the stock touched an intraday high of $32.26 and a low of $31.79. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $32.06. The total trading volume on Friday was 1,183,551.


The company Insiders own 0.75% of OGE Energy Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -31.46% . Institutional Investors own 63.89% of OGE Energy Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -31.46%. In a related news, Forbes H Scott, officer (Controller and CAO) of Oge Energy Corp., unloaded 10,000 shares at an average price of $30.51 on May 10, 2016. The total amount of the transaction was worth $305,100, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

OGE Energy Corp. (OGE Energy) is an energy and energy services provider offering physical delivery and related services for both electricity and natural gas in the south central United States. The Company operates through two business segments: electric utility and natural gas midstream operations. The electric utility segment generates, transmits, distributes and sells electric energy in Oklahoma and western Arkansas. Its operations are conducted through Oklahoma Gas and Electric Company (OG&E), a wholly owned subsidiary of the Company and an electric utility-based in Oklahoma with its franchised service territory at the Fort Smith, Arkansas area. The natural gas midstream operations segment through its investment in Enable Midstream Partners, LP (Enable), through its wholly owned subsidiary OGE Holdings, which is engaged in the business of gathering, processing, transporting and storing natural gas.

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