OGE Energy Corp. (NYSE:OGE) Receives $45.67 Consensus PT from Brokerages

Shares of OGE Energy Corp. (NYSE:OGE) have been assigned an average rating of “Hold” from the five analysts that are covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $45.67.

OGE has been the subject of several recent analyst reports. Barclays upped their target price on OGE Energy from $42.00 to $44.00 and gave the company an “equal weight” rating in a report on Tuesday, February 25th. Evercore ISI raised OGE Energy from an “in-line” rating to an “outperform” rating and upped their target price for the company from $40.00 to $47.00 in a report on Tuesday, January 21st. Finally, LADENBURG THALM/SH SH raised OGE Energy to a “hold” rating in a report on Monday, March 17th.

Hedge Funds Weigh In On OGE Energy

Several institutional investors and hedge funds have recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC grew its holdings in OGE Energy by 72.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 25,879 shares of the utilities provider’s stock valued at $1,068,000 after purchasing an additional 10,901 shares during the period. LifeWealth Investments LLC bought a new position in shares of OGE Energy in the fourth quarter worth $215,000. Mackenzie Financial Corp boosted its holdings in shares of OGE Energy by 22.2% in the fourth quarter. Mackenzie Financial Corp now owns 182,359 shares of the utilities provider’s stock worth $7,522,000 after acquiring an additional 33,166 shares during the period. PharVision Advisers LLC bought a new position in shares of OGE Energy in the fourth quarter worth $502,000. Finally, Two Sigma Advisers LP bought a new position in shares of OGE Energy in the fourth quarter worth $214,000. 71.84% of the stock is owned by institutional investors.

OGE Energy Stock Performance

Shares of OGE Energy stock opened at $44.95 on Wednesday. The company has a market cap of $9.05 billion, a PE ratio of 20.43, a price-to-earnings-growth ratio of 3.30 and a beta of 0.70. OGE Energy has a 52 week low of $32.37 and a 52 week high of $46.54. The business has a 50 day moving average price of $43.65 and a 200-day moving average price of $42.16. The company has a quick ratio of 0.51, a current ratio of 0.73 and a debt-to-equity ratio of 1.08.

OGE Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, April 7th will be issued a dividend of $0.4213 per share. This represents a $1.69 annualized dividend and a yield of 3.75%. The ex-dividend date is Monday, April 7th. OGE Energy’s dividend payout ratio (DPR) is 76.36%.

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.