Shares of OGE Energy Corp (NYSE:OGE) traded today at $39.95, eclipsing its 52-week high. So far today approximately 56,000 shares have been exchanged, as compared to an average 30-day volume of 1.4 million shares.
OGE Energy Corp share prices have moved between a 52-week high of $39.95 and a 52-week low of $31.59 and are now trading 26% above that low price at $39.68 per share.
OGE Energy is a holding company for Oklahoma Gas & Electric, a regulated utility offering electricity generation, transmission, and distribution to more than 800,000 customers in Oklahoma and western Arkansas. OGE Energy also owns a 25.5% limited partner interest and a 50% general partner interest in Enable Midstream Partners, a midstream services business that provides gathering, processing, transporting, and storing of natural gas. In February 2021, Enable announced it would merge with Energy Transfer.
Potential upside of 0.8% exists for OGE Energy Corp, based on a current level of $39.68 and analysts’ average consensus price target of $40.00.
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