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

OGE Energy Corp. (NYSE:OGE) has been given an average rating of “Hold” by the seven ratings firms that are presently covering the stock, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $36.29.

A number of equities research analysts have commented on OGE shares. Barclays upped their price target on OGE Energy from $36.00 to $37.00 and gave the company an “overweight” rating in a research report on Tuesday, October 24th. UBS Group reduced their price target on OGE Energy from $35.00 to $32.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 4th. StockNews.com initiated coverage on OGE Energy in a research report on Thursday, October 5th. They set a “hold” rating on the stock. LADENBURG THALM/SH SH cut their target price on OGE Energy from $39.00 to $36.00 in a research report on Thursday, October 12th. Finally, Guggenheim cut their target price on OGE Energy from $36.00 to $32.00 in a research report on Monday, October 9th.

OGE Energy Trading Down 1.9 %

NYSE OGE opened at $33.80 on Friday. The business’s 50-day moving average price is $34.07 and its two-hundred day moving average price is $35.48. OGE Energy has a 12 month low of $31.25 and a 12 month high of $41.00. The firm has a market capitalization of $6.77 billion, a PE ratio of 15.43, a price-to-earnings-growth ratio of 4.68 and a beta of 0.72. The company has a current ratio of 0.84, a quick ratio of 0.55 and a debt-to-equity ratio of 0.99.

OGE Energy (NYSE:OGE) last released its quarterly earnings results on Tuesday, August 8th. The utilities provider reported $0.44 EPS for the quarter, meeting analysts’ consensus estimates of $0.44. OGE Energy had a return on equity of 9.99% and a net margin of 13.98%. The firm had revenue of $605.00 million for the quarter, compared to analyst estimates of $784.27 million. During the same quarter in the previous year, the company posted $0.36 EPS. The business’s revenue was down 24.7% on a year-over-year basis. On average, analysts expect that OGE Energy will post 2.02 EPS for the current year.

OGE Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 27th. Investors of record on Tuesday, October 10th were paid a dividend of $0.4182 per share. This is an increase from OGE Energy’s previous quarterly dividend of $0.41. This represents a $1.67 dividend on an annualized basis and a yield of 4.95%. The ex-dividend date was Friday, October 6th. OGE Energy’s dividend payout ratio is 76.26%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in OGE. American Century Companies Inc. raised its stake in OGE Energy by 56.9% during the 1st quarter. American Century Companies Inc. now owns 52,482 shares of the utilities provider’s stock worth $2,140,000 after buying an additional 19,035 shares during the period. Citigroup Inc. raised its stake in shares of OGE Energy by 24.4% in the first quarter. Citigroup Inc. now owns 56,516 shares of the utilities provider’s stock worth $2,305,000 after purchasing an additional 11,082 shares during the last quarter. Great West Life Assurance Co. Can raised its stake in shares of OGE Energy by 14.9% in the first quarter. Great West Life Assurance Co. Can now owns 120,197 shares of the utilities provider’s stock worth $5,036,000 after purchasing an additional 15,620 shares during the last quarter. Sei Investments Co. raised its stake in shares of OGE Energy by 16.1% in the first quarter. Sei Investments Co. now owns 38,387 shares of the utilities provider’s stock worth $1,606,000 after purchasing an additional 5,317 shares during the last quarter. Finally, Canada Pension Plan Investment Board raised its stake in shares of OGE Energy by 371.2% in the first quarter. Canada Pension Plan Investment Board now owns 452,349 shares of the utilities provider’s stock worth $18,447,000 after purchasing an additional 356,349 shares during the last quarter. 66.99% of the stock is owned by institutional investors and hedge funds.

OGE Energy Company Profile

OGE Energy Corp., together with its subsidiaries, operates as an energy and energy services provider that offers physical delivery and related services in the United States. It operates through Electric Company Operations and Natural Gas Midstream segments. The company generates, transmits, distributes, and sells electric energy.