OGE Energy Corp. (NYSE:OGE) Receives $42.67 Consensus PT from Analysts

Shares of OGE Energy Corp. (NYSE:OGE) have been given a consensus recommendation of “Moderate Buy” by the four research firms that are currently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $45.00.

OGE has been the subject of several recent analyst reports. Evercore ISI upgraded OGE Energy from an “in-line” rating to an “outperform” rating and upped their price objective for the stock from $40.00 to $47.00 in a research report on Tuesday, January 21st. Barclays reduced their price target on shares of OGE Energy from $43.00 to $42.00 and set an “equal weight” rating on the stock in a research note on Friday.

Insider Activity at OGE Energy

In related news, VP Cristina F. Mcquistion sold 5,008 shares of the firm’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $42.84, for a total transaction of $214,542.72. Following the completion of the transaction, the vice president now directly owns 20,918 shares of the company’s stock, valued at $896,127.12. This trade represents a 19.32 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.53% of the stock is owned by company insiders.

Institutional Investors Weigh In On OGE Energy

Institutional investors and hedge funds have recently made changes to their positions in the stock. Mather Group LLC. lifted its stake in OGE Energy by 20.9% during the 4th quarter. Mather Group LLC. now owns 1,616 shares of the utilities provider’s stock valued at $67,000 after acquiring an additional 279 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its position in shares of OGE Energy by 3.1% during the second quarter. B. Riley Wealth Advisors Inc. now owns 9,579 shares of the utilities provider’s stock valued at $342,000 after purchasing an additional 290 shares in the last quarter. Centennial Wealth Advisory LLC boosted its holdings in OGE Energy by 3.8% during the third quarter. Centennial Wealth Advisory LLC now owns 8,120 shares of the utilities provider’s stock worth $333,000 after purchasing an additional 300 shares during the last quarter. UMB Bank n.a. grew its position in OGE Energy by 5.3% in the 3rd quarter. UMB Bank n.a. now owns 7,694 shares of the utilities provider’s stock worth $316,000 after purchasing an additional 390 shares in the last quarter. Finally, US Bancorp DE increased its stake in OGE Energy by 1.8% in the 3rd quarter. US Bancorp DE now owns 24,335 shares of the utilities provider’s stock valued at $998,000 after buying an additional 419 shares during the last quarter. Institutional investors and hedge funds own 71.84% of the company’s stock.

OGE Energy Trading Down 1.2 %

Shares of OGE Energy stock opened at $42.67 on Tuesday. The firm’s 50-day moving average price is $42.09 and its two-hundred day moving average price is $40.70. The company has a market capitalization of $8.58 billion, a price-to-earnings ratio of 22.11, a PEG ratio of 3.63 and a beta of 0.77. The company has a quick ratio of 0.51, a current ratio of 0.86 and a debt-to-equity ratio of 1.09. OGE Energy has a 12-month low of $32.06 and a 12-month high of $44.41.

OGE Energy (NYSE:OGE) last announced its quarterly earnings data on Tuesday, November 5th. The utilities provider reported $1.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.03). OGE Energy had a net margin of 13.89% and a return on equity of 8.59%. The firm had revenue of $965.40 million during the quarter, compared to the consensus estimate of $1.02 billion. During the same period last year, the business earned $1.20 earnings per share. The business’s revenue was up 2.1% compared to the same quarter last year. On average, analysts forecast that OGE Energy will post 2.16 earnings per share for the current fiscal year.

OGE Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Monday, January 6th will be paid a $0.4213 dividend. This represents a $1.69 annualized dividend and a dividend yield of 3.95%. The ex-dividend date of this dividend is Monday, January 6th. OGE Energy’s dividend payout ratio is currently 87.05%.

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.