OGE Energy (NYSE:OGE – Get Rating) will be releasing its earnings data before the market opens on Thursday, May 5th. Analysts expect OGE Energy to post earnings of $0.20 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.
OGE Energy (NYSE:OGE – Get Rating) last announced its quarterly earnings data on Thursday, February 24th. The utilities provider reported $0.27 EPS for the quarter. The firm had revenue of $581.30 million for the quarter, compared to analyst estimates of $638.06 million. OGE Energy had a return on equity of 12.50% and a net margin of 20.18%. The company’s revenue was up 19.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.57 EPS. On average, analysts expect OGE Energy to post $3 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Shares of OGE stock opened at $40.50 on Thursday. The stock has a market capitalization of $8.11 billion, a PE ratio of 11.04, a P/E/G ratio of 4.44 and a beta of 0.68. OGE Energy has a 1-year low of $32.49 and a 1-year high of $42.74. The business has a 50-day moving average of $39.60 and a 200 day moving average of $37.29. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.56 and a quick ratio of 0.42.
OGE has been the subject of several analyst reports. Mizuho increased their target price on OGE Energy from $38.00 to $42.00 and gave the company a “neutral” rating in a report on Wednesday, April 20th. Credit Suisse Group initiated coverage on OGE Energy in a report on Monday. They set a “neutral” rating and a $42.00 target price for the company. Barclays increased their target price on OGE Energy from $36.00 to $41.00 and gave the company an “equal weight” rating in a report on Thursday, March 31st. Zacks Investment Research upgraded OGE Energy from a “sell” rating to a “buy” rating and set a $41.00 target price for the company in a report on Tuesday, March 15th. Finally, StockNews.com assumed coverage on OGE Energy in a report on Thursday, March 31st. They set a “hold” rating for the company. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $40.67.
In other OGE Energy news, VP Patricia D. Horn sold 4,015 shares of the business’s stock in a transaction on Monday, March 28th. The shares were sold at an average price of $39.95, for a total transaction of $160,399.25. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director David L. Hauser acquired 1,000 shares of OGE Energy stock in a transaction on Tuesday, March 1st. The shares were bought at an average cost of $37.25 per share, for a total transaction of $37,250.00. The disclosure for this purchase can be found here. 0.53% of the stock is currently owned by insiders.
Several large investors have recently added to or reduced their stakes in the company. JustInvest LLC grew its position in shares of OGE Energy by 5.1% in the 4th quarter. JustInvest LLC now owns 13,854 shares of the utilities provider’s stock worth $532,000 after buying an additional 678 shares during the period. The Manufacturers Life Insurance Company grew its position in shares of OGE Energy by 4.0% in the 4th quarter. The Manufacturers Life Insurance Company now owns 1,425,273 shares of the utilities provider’s stock worth $54,702,000 after buying an additional 54,716 shares during the period. Deutsche Bank AG grew its position in shares of OGE Energy by 105.4% in the 4th quarter. Deutsche Bank AG now owns 62,773 shares of the utilities provider’s stock worth $2,409,000 after buying an additional 32,215 shares during the period. Metropolitan Life Insurance Co NY grew its position in shares of OGE Energy by 9.9% in the 4th quarter. Metropolitan Life Insurance Co NY now owns 35,804 shares of the utilities provider’s stock worth $1,374,000 after buying an additional 3,237 shares during the period. Finally, Amalgamated Bank grew its position in shares of OGE Energy by 0.5% in the 4th quarter. Amalgamated Bank now owns 143,402 shares of the utilities provider’s stock worth $5,504,000 after buying an additional 738 shares during the period. 63.42% of the stock is currently owned by hedge funds and other institutional investors.
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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