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

OGE Energy Corp. (NYSE:OGEGet Rating) has been given an average rating of “Hold” by the six brokerages that are presently covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $40.50.

Several research analysts recently commented on OGE shares. Credit Suisse Group assumed coverage on shares of OGE Energy in a research note on Monday, April 25th. They issued a “neutral” rating and a $42.00 target price on the stock. Barclays cut their price target on shares of OGE Energy from $44.00 to $41.00 and set an “equal weight” rating on the stock in a report on Monday, July 18th. Finally, Mizuho lifted their price target on shares of OGE Energy from $38.00 to $39.00 and gave the company a “neutral” rating in a report on Tuesday, July 5th.

OGE Energy Stock Down 1.3 %

Shares of NYSE OGE opened at $40.13 on Friday. The company has a quick ratio of 0.35, a current ratio of 0.49 and a debt-to-equity ratio of 1.05. OGE Energy has a 52 week low of $32.49 and a 52 week high of $42.74. The firm’s fifty day moving average is $38.91 and its 200 day moving average is $38.98. The company has a market cap of $8.03 billion, a price-to-earnings ratio of 8.36, a PEG ratio of 5.43 and a beta of 0.67.

OGE Energy (NYSE:OGEGet Rating) last issued its earnings results on Thursday, May 5th. The utilities provider reported $1.39 EPS for the quarter. OGE Energy had a net margin of 36.90% and a return on equity of 17.73%. The company had revenue of $589.30 million for the quarter, compared to the consensus estimate of $921.30 million. During the same period in the previous year, the firm earned $0.26 earnings per share. The firm’s revenue for the quarter was down 63.9% on a year-over-year basis. On average, equities research analysts expect that OGE Energy will post 2.15 earnings per share for the current year.

OGE Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 29th. Stockholders of record on Monday, July 11th were issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 4.09%. The ex-dividend date was Friday, July 8th. OGE Energy’s dividend payout ratio (DPR) is presently 34.17%.

Institutional Trading of OGE Energy

A number of hedge funds have recently modified their holdings of the business. Securian Asset Management Inc. boosted its holdings in shares of OGE Energy by 1.6% during the 2nd quarter. Securian Asset Management Inc. now owns 18,251 shares of the utilities provider’s stock valued at $704,000 after buying an additional 290 shares in the last quarter. Fifth Third Bancorp boosted its stake in OGE Energy by 29.1% in the 2nd quarter. Fifth Third Bancorp now owns 6,311 shares of the utilities provider’s stock worth $243,000 after purchasing an additional 1,424 shares in the last quarter. Seven Eight Capital LP bought a new position in OGE Energy in the 2nd quarter worth about $474,000. Northwestern Mutual Investment Management Company LLC boosted its stake in OGE Energy by 0.8% in the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 33,510 shares of the utilities provider’s stock worth $1,292,000 after purchasing an additional 263 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in OGE Energy by 9.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 154,671 shares of the utilities provider’s stock worth $5,964,000 after purchasing an additional 13,019 shares in the last quarter. Institutional investors own 65.01% of the company’s stock.

About OGE Energy

(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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