Brokerages forecast that OGE Energy Corp. (NYSE:OGE) will report earnings per share of $0.28 for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have made estimates for OGE Energy’s earnings. OGE Energy reported earnings of $0.27 per share during the same quarter last year, which would suggest a positive year over year growth rate of 3.7%. The business is scheduled to report its next earnings results on Thursday, February 20th.
According to Zacks, analysts expect that OGE Energy will report full year earnings of $2.27 per share for the current year, with EPS estimates ranging from $2.25 to $2.28. For the next fiscal year, analysts anticipate that the firm will post earnings of $2.30 per share, with EPS estimates ranging from $2.25 to $2.35. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for OGE Energy.
OGE Energy (NYSE:OGE) last announced its quarterly earnings results on Thursday, November 7th. The utilities provider reported $1.25 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.14. OGE Energy had a return on equity of 11.20% and a net margin of 19.94%. The company had revenue of $755.40 million during the quarter, compared to analyst estimates of $728.22 million. During the same quarter last year, the firm posted $1.02 earnings per share. The firm’s revenue was up 8.1% on a year-over-year basis.
A number of analysts recently commented on the company. Mizuho raised their price target on OGE Energy from $43.50 to $45.00 and gave the stock a “neutral” rating in a research note on Friday, September 20th. Evercore ISI reaffirmed a “hold” rating and issued a $42.00 price target on shares of OGE Energy in a research note on Monday, December 2nd. Zacks Investment Research raised OGE Energy from a “sell” rating to a “hold” rating and set a $48.00 price target for the company in a research note on Monday, September 23rd. Finally, UBS Group dropped their price target on OGE Energy from $45.00 to $43.00 and set a “neutral” rating for the company in a research note on Tuesday, November 26th. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $43.50.
A number of institutional investors have recently made changes to their positions in OGE. Nuveen Asset Management LLC purchased a new position in OGE Energy during the second quarter valued at $43,897,000. SG Americas Securities LLC increased its holdings in shares of OGE Energy by 949.2% during the third quarter. SG Americas Securities LLC now owns 549,034 shares of the utilities provider’s stock valued at $24,915,000 after acquiring an additional 496,705 shares in the last quarter. Invesco Ltd. increased its holdings in shares of OGE Energy by 27.7% during the second quarter. Invesco Ltd. now owns 2,246,373 shares of the utilities provider’s stock valued at $95,606,000 after acquiring an additional 487,047 shares in the last quarter. Point72 Asset Management L.P. increased its holdings in shares of OGE Energy by 3,210.2% during the third quarter. Point72 Asset Management L.P. now owns 422,452 shares of the utilities provider’s stock valued at $19,171,000 after acquiring an additional 409,690 shares in the last quarter. Finally, Virginia Retirement Systems ET AL increased its holdings in shares of OGE Energy by 305.6% during the third quarter. Virginia Retirement Systems ET AL now owns 195,500 shares of the utilities provider’s stock valued at $8,872,000 after acquiring an additional 147,300 shares in the last quarter. 65.70% of the stock is owned by institutional investors and hedge funds.
OGE stock traded up $0.05 on Friday, reaching $45.63. The company’s stock had a trading volume of 15,443 shares, compared to its average volume of 1,156,212. The business has a fifty day simple moving average of $43.66 and a two-hundred day simple moving average of $43.35. OGE Energy has a 12-month low of $39.85 and a 12-month high of $45.77. The firm has a market cap of $9.02 billion, a PE ratio of 21.51, a PEG ratio of 4.60 and a beta of 0.48. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.59 and a current ratio of 0.79.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 30th. Shareholders of record on Friday, January 10th will be given a dividend of $0.3875 per share. This represents a $1.55 annualized dividend and a yield of 3.40%. The ex-dividend date is Thursday, January 9th. OGE Energy’s dividend payout ratio is currently 73.11%.
OGE Energy Company Profile
OGE Energy Corp., together with its subsidiaries, operates as an energy and energy services provider that provides physical delivery and related services for electricity and natural gas primarily in the south central United States. It operates in two segments, Electric Utility and Natural Gas Midstream Operations.
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