$1.25 Earnings Per Share Expected for OGE Energy Corp. (NYSE:OGE) This Quarter

Equities research analysts expect OGE Energy Corp. (NYSE:OGEGet Rating) to post earnings per share of $1.25 for the current quarter, Zacks reports. Zero analysts have made estimates for OGE Energy’s earnings. OGE Energy reported earnings per share of $0.26 in the same quarter last year, which suggests a positive year-over-year growth rate of 380.8%. The company is expected to announce its next quarterly earnings report before the market opens on Monday, January 1st.

According to Zacks, analysts expect that OGE Energy will report full-year earnings of $2.75 per share for the current year, with EPS estimates ranging from $2.15 to $3.34. For the next year, analysts forecast that the business will report earnings of $2.08 per share, with EPS estimates ranging from $2.05 to $2.10. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that follow OGE Energy.

OGE Energy (NYSE:OGEGet Rating) last posted its quarterly earnings results on Thursday, February 24th. The utilities provider reported $0.27 earnings per share for the quarter. OGE Energy had a net margin of 20.18% and a return on equity of 12.50%. The company had revenue of $581.30 million during the quarter, compared to analyst estimates of $638.06 million. During the same quarter in the prior year, the business earned $0.57 earnings per share. The firm’s revenue for the quarter was up 19.8% on a year-over-year basis.

A number of brokerages have commented on OGE. StockNews.com began coverage on shares of OGE Energy in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Barclays raised their price target on OGE Energy from $36.00 to $41.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 31st. Mizuho raised their price objective on OGE Energy from $38.00 to $42.00 and gave the company a “neutral” rating in a research report on Wednesday, April 20th. Credit Suisse Group began coverage on OGE Energy in a research report on Monday. They set a “neutral” rating and a $42.00 price objective for the company. Finally, Zacks Investment Research raised OGE Energy from a “sell” rating to a “buy” rating and set a $41.00 price target for the company in a research report on Tuesday, March 15th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, OGE Energy has a consensus rating of “Hold” and an average price target of $40.67.

OGE traded down $0.14 on Tuesday, reaching $40.93. The company had a trading volume of 30,038 shares, compared to its average volume of 1,283,926. The business has a 50 day simple moving average of $39.41 and a 200 day simple moving average of $37.18. The company has a market cap of $8.19 billion, a price-to-earnings ratio of 11.15, a P/E/G ratio of 4.44 and a beta of 0.68. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.42 and a current ratio of 0.56. OGE Energy has a 52-week low of $32.49 and a 52-week high of $42.74.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 29th. Investors of record on Monday, April 11th will be paid a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 4.01%. The ex-dividend date is Friday, April 8th. OGE Energy’s dividend payout ratio (DPR) is currently 44.69%.

In related news, VP Cristina F. Mcquistion sold 2,200 shares of OGE Energy stock in a transaction that occurred on Tuesday, March 8th. The stock was sold at an average price of $39.41, for a total transaction of $86,702.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Patricia D. Horn sold 4,015 shares of OGE Energy stock in a transaction that occurred on Monday, March 28th. The stock was sold at an average price of $39.95, for a total value of $160,399.25. The disclosure for this sale can be found here. Company insiders own 0.53% of the company’s stock.

A number of large investors have recently bought and sold shares of OGE. Morgan Stanley grew its stake in OGE Energy by 42.9% during the 2nd quarter. Morgan Stanley now owns 979,688 shares of the utilities provider’s stock worth $32,966,000 after purchasing an additional 294,036 shares in the last quarter. Bank of America Corp DE grew its stake in OGE Energy by 5.0% during the 2nd quarter. Bank of America Corp DE now owns 1,299,418 shares of the utilities provider’s stock worth $43,726,000 after buying an additional 61,844 shares during the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of OGE Energy by 19.3% in the 3rd quarter. Janney Montgomery Scott LLC now owns 30,376 shares of the utilities provider’s stock valued at $1,001,000 after acquiring an additional 4,904 shares during the period. AE Wealth Management LLC increased its stake in OGE Energy by 29.2% in the third quarter. AE Wealth Management LLC now owns 79,051 shares of the utilities provider’s stock valued at $2,606,000 after purchasing an additional 17,873 shares during the period. Finally, U.S. Capital Wealth Advisors LLC acquired a new position in OGE Energy in the 3rd quarter valued at about $343,000. Institutional investors own 63.42% of the company’s stock.

OGE Energy Company Profile (Get Rating)

OGE Energy Corp., together with its subsidiaries, operates as an energy and energy services provider that offers physical delivery and related services for electricity, natural gas, crude oil, and natural gas liquids in the United States. The company generates, transmits, distributes, and sells electric energy.

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