News headlines about OGE Energy (NYSE:OGE) have trended somewhat positive recently, Accern Sentiment reports. The research group identifies negative and positive press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. OGE Energy earned a daily sentiment score of 0.13 on Accern’s scale. Accern also assigned media headlines about the utilities provider an impact score of 46.4393238108015 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
A number of research firms recently commented on OGE. Bank of America began coverage on OGE Energy in a report on Tuesday, October 24th. They set an “underperform” rating and a $37.00 target price for the company. Wells Fargo & Company downgraded OGE Energy from an “outperform” rating to a “market perform” rating and set a $38.00 target price for the company. in a report on Friday, October 6th. BidaskClub raised OGE Energy from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. Finally, KeyCorp reaffirmed a “hold” rating on shares of OGE Energy in a report on Friday, September 1st. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $36.67.
OGE Energy (OGE) traded down $0.19 during trading on Friday, hitting $34.46. The company had a trading volume of 981,091 shares, compared to its average volume of 1,170,000. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.63 and a quick ratio of 0.46. OGE Energy has a 12-month low of $32.56 and a 12-month high of $37.40. The firm has a market capitalization of $6,880.00, a P/E ratio of 18.14, a price-to-earnings-growth ratio of 3.96 and a beta of 0.91.
OGE Energy (NYSE:OGE) last announced its quarterly earnings results on Thursday, November 2nd. The utilities provider reported $0.92 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.93 by ($0.01). OGE Energy had a net margin of 16.69% and a return on equity of 10.92%. The company had revenue of $716.80 million during the quarter, compared to analyst estimates of $728.18 million. During the same period in the previous year, the firm posted $0.92 earnings per share. The company’s revenue was down 3.6% compared to the same quarter last year. analysts expect that OGE Energy will post 1.88 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 30th. Shareholders of record on Wednesday, January 10th will be issued a $0.3325 dividend. This represents a $1.33 dividend on an annualized basis and a yield of 3.86%. The ex-dividend date of this dividend is Tuesday, January 9th. OGE Energy’s payout ratio is presently 69.63%.
In other OGE Energy news, VP Patricia D. Horn sold 10,051 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $35.56, for a total value of $357,413.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.48% of the company’s stock.
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OGE Energy Company Profile
OGE Energy Corp. (OGE Energy) is an energy and energy services provider offering physical delivery and related services for both electricity and natural gas primarily in the south central United States. The Company operates through two segments: electric utility and natural gas midstream operations. The electric utility segment generates, transmits, distributes and sells electric energy in Oklahoma and western Arkansas.
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