OGE Energy (NYSE:OGE) is scheduled to post its quarterly earnings results before the market opens on Thursday, November 8th. Analysts expect OGE Energy to post earnings of $0.95 per share for the quarter. OGE Energy has set its FY18 guidance at $1.90 to $2.05 EPS.
OGE Energy (NYSE:OGE) last announced its earnings results on Thursday, August 9th. The utilities provider reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.02). OGE Energy had a return on equity of 10.74% and a net margin of 28.26%. The firm had revenue of $567.00 million for the quarter, compared to the consensus estimate of $592.64 million. During the same period in the prior year, the business earned $0.52 EPS. OGE Energy’s quarterly revenue was down 3.3% on a year-over-year basis. On average, analysts expect OGE Energy to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Shares of NYSE OGE opened at $37.21 on Wednesday. OGE Energy has a twelve month low of $29.59 and a twelve month high of $38.13. The firm has a market cap of $7.14 billion, a P/E ratio of 19.38, a PEG ratio of 3.41 and a beta of 0.54. The company has a quick ratio of 0.28, a current ratio of 0.45 and a debt-to-equity ratio of 0.64.
The company also recently announced a quarterly dividend, which was paid on Tuesday, October 30th. Investors of record on Wednesday, October 10th were paid a dividend of $0.365 per share. This represents a $1.46 dividend on an annualized basis and a yield of 3.92%. The ex-dividend date of this dividend was Tuesday, October 9th. This is an increase from OGE Energy’s previous quarterly dividend of $0.33. OGE Energy’s dividend payout ratio (DPR) is currently 76.04%.
In other OGE Energy news, VP Jerry A. Peace sold 2,513 shares of OGE Energy stock in a transaction on Tuesday, August 14th. The shares were sold at an average price of $36.71, for a total value of $92,252.23. Following the completion of the sale, the vice president now directly owns 11,125 shares of the company’s stock, valued at $408,398.75. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Patricia D. Horn sold 3,715 shares of OGE Energy stock in a transaction on Thursday, August 9th. The shares were sold at an average price of $37.00, for a total transaction of $137,455.00. The disclosure for this sale can be found here. 0.44% of the stock is owned by company insiders.
A number of equities analysts recently weighed in on the stock. Zacks Investment Research raised shares of OGE Energy from a “sell” rating to a “hold” rating in a research note on Friday, July 20th. Barclays assumed coverage on shares of OGE Energy in a research note on Monday, October 22nd. They set a “sell” rating and a $36.00 target price for the company. Finally, UBS Group lifted their target price on shares of OGE Energy from $35.00 to $37.00 and gave the stock a “neutral” rating in a research note on Friday, August 10th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $36.50.
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About OGE Energy
OGE Energy Corp., together with its subsidiaries, operates as an energy and energy services provider that offers physical delivery and related services for electricity and natural gas primarily in the south central United States. The company operates in two segments, Electric Utility and Natural Gas Midstream Operations.
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