OGE Energy Corporation (NYSE:OGE) Receives $47.00 Consensus Price Target from Analysts

Shares of OGE Energy Corporation (NYSE:OGE) have been given a consensus recommendation of “Moderate Buy” by the six brokerages that are covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month target price among analysts that have covered the stock in the last year is $47.00.

Several analysts recently issued reports on OGE shares. Weiss Ratings restated a “buy (b)” rating on shares of OGE Energy in a research note on Saturday, September 27th. Wall Street Zen raised OGE Energy from a “sell” rating to a “hold” rating in a report on Sunday, September 7th.

OGE Energy Stock Performance

OGE opened at $45.94 on Friday. The business has a fifty day simple moving average of $44.98 and a 200 day simple moving average of $44.61. The company has a market capitalization of $9.25 billion, a PE ratio of 18.83, a price-to-earnings-growth ratio of 3.21 and a beta of 0.59. OGE Energy has a 1 year low of $39.10 and a 1 year high of $46.91. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.78 and a quick ratio of 0.48.

OGE Energy (NYSE:OGE) last released its quarterly earnings results on Tuesday, July 29th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.05). The firm had revenue of $741.60 million during the quarter, compared to the consensus estimate of $719.97 million. OGE Energy had a net margin of 15.27% and a return on equity of 10.60%. The business’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.51 earnings per share. Research analysts expect that OGE Energy will post 2.27 EPS for the current year.

OGE Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, October 6th will be issued a dividend of $0.425 per share. This is a positive change from OGE Energy’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Monday, October 6th. This represents a $1.70 annualized dividend and a dividend yield of 3.7%. OGE Energy’s dividend payout ratio (DPR) is 69.67%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Alpine Bank Wealth Management acquired a new stake in OGE Energy during the 1st quarter worth about $31,000. Capital A Wealth Management LLC raised its holdings in shares of OGE Energy by 5,157.1% in the 2nd quarter. Capital A Wealth Management LLC now owns 736 shares of the utilities provider’s stock worth $33,000 after acquiring an additional 722 shares during the last quarter. State of Wyoming acquired a new stake in shares of OGE Energy in the 2nd quarter worth about $34,000. Golden State Wealth Management LLC raised its holdings in shares of OGE Energy by 427.0% in the 2nd quarter. Golden State Wealth Management LLC now owns 780 shares of the utilities provider’s stock worth $35,000 after acquiring an additional 632 shares during the last quarter. Finally, First Command Advisory Services Inc. acquired a new stake in shares of OGE Energy in the 1st quarter worth about $36,000. 71.84% of the stock is owned by institutional investors.

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.