OGE Energy Corp. (NYSE:OGE) Receives Consensus Rating of “Hold” from Analysts

Shares of OGE Energy Corp. (NYSE:OGE) have been given an average recommendation of “Hold” by the five brokerages that are presently covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $40.50.

Several equities analysts recently issued reports on OGE shares. Barclays lifted their price objective on shares of OGE Energy from $39.00 to $42.00 and gave the company an “equal weight” rating in a report on Monday, October 21st. Jefferies Financial Group started coverage on shares of OGE Energy in a research report on Thursday, September 19th. They set a “buy” rating and a $46.00 target price for the company. Finally, Evercore ISI lifted their price objective on shares of OGE Energy from $36.00 to $40.00 and gave the company an “in-line” rating in a report on Thursday, August 8th.

OGE Energy Stock Down 0.3 %

Shares of NYSE OGE opened at $43.96 on Monday. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.86 and a quick ratio of 0.51. The company has a market cap of $8.83 billion, a P/E ratio of 22.78, a PEG ratio of 3.97 and a beta of 0.74. OGE Energy has a 1 year low of $32.06 and a 1 year high of $44.41. The firm has a 50-day simple moving average of $41.50 and a two-hundred day simple moving average of $38.96.

OGE Energy (NYSE:OGE) last issued its earnings results on Tuesday, November 5th. The utilities provider reported $1.09 EPS for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.03). The company had revenue of $965.40 million for the quarter, compared to analysts’ expectations of $1.02 billion. OGE Energy had a return on equity of 8.59% and a net margin of 13.89%. The business’s revenue was up 2.1% compared to the same quarter last year. During the same period last year, the business posted $1.20 earnings per share. Research analysts anticipate that OGE Energy will post 2.14 earnings per share for the current year.

OGE Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Monday, October 7th were given a $0.4213 dividend. This is a positive change from OGE Energy’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Monday, October 7th. This represents a $1.69 dividend on an annualized basis and a yield of 3.83%. OGE Energy’s payout ratio is presently 87.05%.

Insider Activity at OGE Energy

In other OGE Energy news, VP Cristina F. Mcquistion sold 5,008 shares of the business’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $42.84, for a total transaction of $214,542.72. Following the sale, the vice president now directly owns 20,918 shares in the company, valued at $896,127.12. This represents a 19.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.53% of the stock is currently owned by company insiders.

Institutional Trading of OGE Energy

Large investors have recently made changes to their positions in the company. V Square Quantitative Management LLC purchased a new stake in shares of OGE Energy during the third quarter worth approximately $30,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of OGE Energy during the second quarter worth approximately $35,000. Kimelman & Baird LLC purchased a new stake in shares of OGE Energy during the second quarter worth approximately $38,000. Allspring Global Investments Holdings LLC increased its stake in shares of OGE Energy by 23.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,483 shares of the utilities provider’s stock worth $53,000 after buying an additional 278 shares during the period. Finally, Fortitude Family Office LLC purchased a new stake in shares of OGE Energy during the third quarter worth approximately $63,000. 71.84% of the stock is currently owned by hedge funds and other institutional investors.

OGE Energy Company Profile

OGE Energy Corp., together with its subsidiaries, operates as an energy services provider in the United States. The company generates, transmits, distributes, and sells electric energy. In addition, it provides retail electric service to approximately 896,000 customers, which covers a service area of approximately 30,000 square miles in Oklahoma and western Arkansas; and owns and operates coal-fired, natural gas-fired, wind-powered, and solar-powered generating assets.