OGE Energy Corp. (NYSE:OGE) Given Average Recommendation of “Hold” by Brokerages

Shares of OGE Energy Corp. (NYSE:OGE) have been given a consensus rating of “Hold” by the five ratings firms that are currently covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $33.60.

OGE has been the subject of a number of research analyst reports. Barclays raised their price target on OGE Energy from $34.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Tuesday, June 18th. StockNews.com raised shares of OGE Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, April 23rd. Finally, Argus downgraded shares of OGE Energy from a “buy” rating to a “hold” rating in a research note on Thursday, May 23rd.

OGE Energy Trading Down 3.3 %

OGE opened at $38.45 on Tuesday. OGE Energy has a one year low of $31.25 and a one year high of $40.36. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.51 and a quick ratio of 0.23. The business has a 50 day simple moving average of $36.26 and a two-hundred day simple moving average of $34.78. The firm has a market capitalization of $7.71 billion, a price-to-earnings ratio of 19.52, a PEG ratio of 3.72 and a beta of 0.74.

OGE Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 26th. Investors of record on Monday, July 8th were given a dividend of $0.418 per share. The ex-dividend date was Monday, July 8th. This represents a $1.67 dividend on an annualized basis and a yield of 4.35%. OGE Energy’s dividend payout ratio (DPR) is currently 84.77%.

Institutional Investors Weigh In On OGE Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC raised its stake in OGE Energy by 23.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,483 shares of the utilities provider’s stock valued at $53,000 after buying an additional 278 shares during the last quarter. Fifth Third Bancorp boosted its stake in OGE Energy by 3.2% in the 2nd quarter. Fifth Third Bancorp now owns 9,856 shares of the utilities provider’s stock worth $352,000 after purchasing an additional 303 shares in the last quarter. Blue Trust Inc. grew its position in OGE Energy by 12.8% during the 2nd quarter. Blue Trust Inc. now owns 2,742 shares of the utilities provider’s stock valued at $94,000 after purchasing an additional 312 shares during the last quarter. Raymond James Trust N.A. lifted its stake in shares of OGE Energy by 5.3% in the second quarter. Raymond James Trust N.A. now owns 6,970 shares of the utilities provider’s stock worth $249,000 after buying an additional 352 shares in the last quarter. Finally, Concurrent Investment Advisors LLC grew its holdings in shares of OGE Energy by 3.8% during the first quarter. Concurrent Investment Advisors LLC now owns 11,278 shares of the utilities provider’s stock valued at $387,000 after buying an additional 413 shares during the last quarter. Hedge funds and other institutional investors own 71.84% of the company’s stock.

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.