OGE Energy (OGE) Stock Price, News & Analysis

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for OGE Energy in the last twelve months. There are currently 4 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" OGE shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in OGE, but not buy additional shares or sell existing shares.
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4 brokerages have issued 12-month target prices for OGE Energy's shares. Their OGE share price targets range from $32.00 to $35.00. On average, they predict the company's stock price to reach $33.40 in the next twelve months. This suggests that the stock has a possible downside of 6.9%.
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OGE Energy's stock was trading at $34.93 at the beginning of 2024. Since then, OGE shares have increased by 2.7% and is now trading at $35.88.
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OGE Energy saw a drop in short interest in the month of April. As of April 15th, there was short interest totaling 4,780,000 shares, a drop of 17.7% from the March 31st total of 5,810,000 shares. Based on an average daily volume of 1,570,000 shares, the days-to-cover ratio is presently 3.0 days. Approximately 2.4% of the company's shares are sold short.
View OGE Energy's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 13th 2024.
View our OGE earnings forecast.

OGE Energy Corp. (NYSE:OGE) released its quarterly earnings data on Wednesday, May, 1st. The utilities provider reported $0.09 earnings per share for the quarter, missing analysts' consensus estimates of $0.35 by $0.26. The utilities provider earned $596.80 million during the quarter, compared to the consensus estimate of $607.37 million. OGE Energy had a net margin of 14.63% and a trailing twelve-month return on equity of 8.89%. The company's revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.19 EPS.

OGE Energy declared a quarterly dividend on Monday, February 19th. Stockholders of record on Monday, April 8th will be paid a dividend of $0.418 per share on Friday, April 26th. This represents a $1.67 annualized dividend and a dividend yield of 4.66%. The ex-dividend date is Friday, April 5th.
Read our dividend analysis for OGE.

OGE Energy (NYSE:OGE) pays an annual dividend of $1.67 per share and currently has a dividend yield of 4.76%. OGE has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 17 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 84.77%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, OGE will have a dividend payout ratio of 74.22% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for OGE.

ETFs with the largest weight of OGE Energy (NYSE:OGE) stock in their portfolio include First Trust Utilities AlphaDEX Fund (FXU), Inspire Faithward Mid Cap Momentum ETF (GLRY), Invesco High Yield Equity Dividend Achievers ETF (PEY), ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL), Global SuperDividend US ETF (DIV), Trajan Wealth Income Opportunities ETF (TWIO), Acruence Active Hedge U.S. Equity ETF (XVOL) and Invesco S&P MidCap Low Volatility ETF (XMLV).

OGE Energy updated its FY 2024 earnings guidance on Wednesday, May, 1st. The company provided EPS guidance of 2.060-2.180 for the period, compared to the consensus EPS estimate of 2.130. The company issued revenue guidance of -.

30 employees have rated OGE Energy Chief Executive Officer Sean Trauschke on Glassdoor.com. Sean Trauschke has an approval rating of 74% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other OGE Energy investors own include AT&T (T), Pfizer (PFE), ONEOK (OKE), Exxon Mobil (XOM), Energy Transfer (ET), Intel (INTC), Altria Group (MO), Cisco Systems (CSCO), Dominion Energy (D) and Marathon Petroleum (MPC).

OGE Energy's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Reaves W H & Co. Inc. (0.69%), Miller Howard Investments Inc. NY (0.45%), Principal Financial Group Inc. (0.38%), John G Ullman & Associates Inc. (0.28%), Retirement Systems of Alabama (0.25%) and Swiss National Bank (0.20%). Insiders that own company stock include Cathy R Gates, Cristina F Mcquistion, David A Parker, David E Rainbolt, David L Hauser, Patricia D Horn and Scott A Briggs.
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Shares of OGE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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