OGE Energy (OGE) to Release Quarterly Earnings on Wednesday

OGE Energy (NYSE:OGE) is scheduled to announce its earnings results before the market opens on Wednesday, May 1st. Analysts expect the company to announce earnings of $0.35 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

OGE Energy (NYSE:OGE) last posted its quarterly earnings results on Tuesday, February 20th. The utilities provider reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.04. The business had revenue of $566.70 million during the quarter, compared to the consensus estimate of $986.67 million. OGE Energy had a return on equity of 9.37% and a net margin of 15.59%. The company’s revenue for the quarter was down 20.4% compared to the same quarter last year. During the same period last year, the firm earned $0.25 earnings per share. On average, analysts expect OGE Energy to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

OGE Energy Stock Down 0.3 %

NYSE:OGE opened at $33.93 on Wednesday. The company has a market capitalization of $6.80 billion, a price-to-earnings ratio of 16.39, a price-to-earnings-growth ratio of 3.19 and a beta of 0.73. OGE Energy has a one year low of $31.25 and a one year high of $38.04. The stock has a 50-day simple moving average of $33.52 and a 200 day simple moving average of $34.06. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.30 and a current ratio of 0.65.

OGE Energy Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 26th. Investors of record on Monday, April 8th will be paid a $0.418 dividend. The ex-dividend date of this dividend is Friday, April 5th. This represents a $1.67 dividend on an annualized basis and a yield of 4.93%. OGE Energy’s dividend payout ratio (DPR) is 80.68%.

Wall Street Analyst Weigh In

A number of brokerages have commented on OGE. StockNews.com upgraded OGE Energy from a “sell” rating to a “hold” rating in a research note on Tuesday. LADENBURG THALM/SH SH downgraded OGE Energy from a “buy” rating to a “neutral” rating and decreased their target price for the company from $36.00 to $34.00 in a research note on Tuesday, January 16th. TheStreet downgraded OGE Energy from a “b” rating to a “c+” rating in a research note on Wednesday, February 21st. Finally, Barclays downgraded OGE Energy from an “overweight” rating to an “equal weight” rating and set a $34.00 target price for the company. in a research note on Monday. Five equities research analysts have rated the stock with a hold rating, According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $33.40.

Insider Activity

In other news, VP Cristina F. Mcquistion sold 4,187 shares of OGE Energy stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $33.92, for a total transaction of $142,023.04. Following the sale, the vice president now owns 25,926 shares of the company’s stock, valued at $879,409.92. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.53% of the company’s stock.

About OGE Energy

OGE Energy Corp., together with its subsidiaries, operates as an energy services provider in the United States. The company generates, transmits, distributes, and sells electric energy. In addition, it provides retail electric service to approximately 896,000 customers, which covers a service area of approximately 30,000 square miles in Oklahoma and western Arkansas; and owns and operates coal-fired, natural gas-fired, wind-powered, and solar-powered generating assets.