Shares of OGE Energy Corp. (NYSE:OGE) have been assigned a consensus rating of “Hold” from the eleven research firms that are covering the company, Marketbeat.com reports. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $36.00.
A number of research analysts have issued reports on OGE shares. Goldman Sachs upgraded shares of OGE Energy from a “neutral” rating to a “buy” rating and set a $38.00 target price on the stock in a research report on Wednesday, January 10th. Edward Jones downgraded shares of OGE Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, December 27th. Zacks Investment Research downgraded shares of OGE Energy from a “hold” rating to a “sell” rating in a research report on Friday, December 22nd. UBS started coverage on shares of OGE Energy in a research report on Friday, February 2nd. They set a “neutral” rating and a $33.00 target price on the stock. Finally, Bank of America upgraded shares of OGE Energy from an “underperform” rating to a “neutral” rating in a research report on Thursday, January 18th. They noted that the move was a valuation call.
OGE Energy stock traded up $0.23 on Monday, hitting $32.02. 82,614 shares of the stock traded hands, compared to its average volume of 1,614,829. The company has a current ratio of 0.52, a quick ratio of 0.35 and a debt-to-equity ratio of 0.71. OGE Energy has a fifty-two week low of $29.59 and a fifty-two week high of $37.32. The company has a market cap of $6,346.66, a price-to-earnings ratio of 10.25, a price-to-earnings-growth ratio of 2.67 and a beta of 0.83.
OGE Energy (NYSE:OGE) last issued its quarterly earnings data on Thursday, February 22nd. The utilities provider reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.02. OGE Energy had a net margin of 27.38% and a return on equity of 10.64%. The firm had revenue of $501.90 million for the quarter, compared to analyst estimates of $531.39 million. During the same quarter in the prior year, the firm earned $0.29 EPS. The company’s revenue was down 5.4% on a year-over-year basis. sell-side analysts predict that OGE Energy will post 2 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, April 30th. Investors of record on Tuesday, April 10th will be given a $0.3325 dividend. The ex-dividend date is Monday, April 9th. This represents a $1.33 dividend on an annualized basis and a dividend yield of 4.15%. OGE Energy’s dividend payout ratio is 42.90%.
In other news, Director Peter D. Clarke purchased 1,850 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The shares were acquired at an average cost of $32.40 per share, for a total transaction of $59,940.00. Following the transaction, the director now directly owns 1,850 shares of the company’s stock, valued at approximately $59,940. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.48% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Schwab Charles Investment Management Inc. raised its position in shares of OGE Energy by 3.9% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 685,411 shares of the utilities provider’s stock valued at $24,696,000 after acquiring an additional 25,849 shares during the period. Legal & General Group Plc raised its position in shares of OGE Energy by 10.5% in the 3rd quarter. Legal & General Group Plc now owns 572,130 shares of the utilities provider’s stock valued at $20,613,000 after acquiring an additional 54,243 shares during the period. JPMorgan Chase & Co. raised its position in shares of OGE Energy by 32.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 629,625 shares of the utilities provider’s stock valued at $22,780,000 after acquiring an additional 154,856 shares during the period. Shell Asset Management Co. raised its position in shares of OGE Energy by 45.0% in the 4th quarter. Shell Asset Management Co. now owns 81,681 shares of the utilities provider’s stock valued at $2,688,000 after acquiring an additional 25,359 shares during the period. Finally, Icon Advisers Inc. Co. acquired a new stake in shares of OGE Energy in the 3rd quarter valued at approximately $1,394,000. Institutional investors and hedge funds own 62.98% of the company’s stock.
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About OGE Energy
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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