UPDATE: Jefferies Downgrades OGE Energy to Hold - OGE Energy (NYSE:OGE)

27% profit every 20 days?

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According to Jefferies, OGE Energy (NYSE: OGE) is downgraded to Hold.Jefferies said that it is downgrading OGE Energy to Hold from Buy based on lower assumed processing and gathering volumes at the company's midstream business. “Using a sum-of-the-parts valuation on 2013 earnings and cash flows, we calculate a PT of $58.50 (from $59.50). For Oklahoma Gas & Electric (regulated utility), we apply a 13.7x multiple, an average for the regulated utility group, which results in a PT of $39.00.”OGE Energy closed yesterday at $54.39.

27% profit every 20 days?

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