NEW YORK ( TheStreet) -- OGE Energy (NYSE: OGE) hit a new 52-week high Monday as it traded at $48.20 compared with its previous 52-Week high of $48.18. OGE Energy is changing hands at $48.20 with 7,781 shares traded as of 9:35 a.m. ET. Average volume has been 435,300 shares over the past 30 days. OGE Energy has a market cap of $4.6 billion and is part of the utilities sector and utilities industry. Shares are up 5.2% year to date as of the close of trading on Friday. OGE Energy Corp., together with its subsidiaries, operates as an energy and energy services provider offering physical delivery and related services for electricity and natural gas primarily in the south central United States. The company has a P/E ratio of 15.8, above the average utilities industry P/E ratio of 7.9 and below the S&P 500 P/E ratio of 22.6. TheStreet Ratings rates OGE Energy as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, solid stock price performance, good cash flow from operations and reasonable valuation levels. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full OGE Energy Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center.
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