Koshinski Asset Management Inc. Raises Stake in OGE Energy Corp.

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OGE($NYSE:OGE) Energy Corp. is an electric and natural gas utility company. It operates through two segments: Electric Utility and Natural Gas Midstream Operations. The Electric Utility segment generates, transmits, and distributes electric energy in Oklahoma and western Arkansas. The Natural Gas Midstream Operations segment owns and operates natural gas pipelines and gathering and processing facilities in Oklahoma and Texas.

Market Price

On Friday, OGE ENERGY CORP stock opened at $40.1 and closed at $39.9, down by 1.7% from the last closing price of $40.6. While the stock has seen a slight dip, the overall response to the news has been positive.

VI Analysis

Company’s fundamentals reflect its long term potential, below analysis on OGE ENERGY CORP are made simple by VI app. According to VI Risk Rating, OGE ENERGY CORP is a medium risk investment in terms of financial and business aspects. You may look at what are the business and financial areas presenting potential risks in our website. The company’s fundamentals reflect its long-term potential, as analyzed by the VI app. According to the VI Risk Rating, OGE ENERGY CORP is a medium-risk investment in terms of financial and business aspects.

However, there are potential risks in some areas of the business and finances which should be taken into account before investing.

Summary

This increase in Koshinski’s stake in OGE Energy comes as the company’s stock has been on the rise in recent months. One reason for the stock’s strong performance has been OGE Energy’s strong financial results. Another reason for the stock’s recent strength has been the growing prospects for the U.S. energy sector as a whole.

The Trump administration has been supportive of the industry, and there is growing optimism that the U.S. will soon become a net exporter of energy. With OGE Energy’s strong financial results and the positive prospects for the energy sector, it is no surprise that Koshinski has increased its stake in the company. investors would do well to consider buying shares of OGE Energy at current levels.