OGE Energy Corporation (NYSE:OGE) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of OGE Energy Corporation (NYSE:OGE) have earned a consensus recommendation of “Moderate Buy” from the ten research firms that are presently covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $48.3750.

OGE has been the topic of a number of recent research reports. UBS Group decreased their price objective on OGE Energy from $45.00 to $44.00 and set a “neutral” rating on the stock in a research report on Wednesday. Jefferies Financial Group lifted their price objective on OGE Energy from $52.00 to $55.00 and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Wall Street Zen raised OGE Energy from a “sell” rating to a “hold” rating in a report on Sunday, September 7th. Weiss Ratings restated a “buy (b)” rating on shares of OGE Energy in a research report on Wednesday, October 8th. Finally, Mizuho lifted their price target on shares of OGE Energy from $45.00 to $47.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 29th.

OGE Energy Stock Up 0.4%

Shares of NYSE:OGE opened at $43.26 on Friday. The company has a quick ratio of 0.52, a current ratio of 0.80 and a debt-to-equity ratio of 1.12. The firm has a market cap of $8.72 billion, a P/E ratio of 17.37, a P/E/G ratio of 2.71 and a beta of 0.61. OGE Energy has a 12 month low of $39.41 and a 12 month high of $47.33. The company’s 50-day moving average price is $44.73 and its two-hundred day moving average price is $44.71.

OGE Energy (NYSE:OGE) last announced its earnings results on Tuesday, October 28th. The utilities provider reported $1.14 earnings per share for the quarter, missing analysts’ consensus estimates of $1.16 by ($0.02). OGE Energy had a return on equity of 10.77% and a net margin of 15.28%.The company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same period in the prior year, the firm posted $1.09 earnings per share. The company’s revenue was up 8.2% on a year-over-year basis. As a group, research analysts forecast that OGE Energy will post 2.27 EPS for the current fiscal year.

OGE Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Monday, January 5th will be paid a $0.425 dividend. The ex-dividend date of this dividend is Monday, January 5th. This represents a $1.70 dividend on an annualized basis and a yield of 3.9%. OGE Energy’s dividend payout ratio (DPR) is presently 68.27%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Capital A Wealth Management LLC grew its stake in shares of OGE Energy by 5,157.1% during the second quarter. Capital A Wealth Management LLC now owns 736 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 722 shares during the period. State of Wyoming bought a new position in OGE Energy during the second quarter worth about $34,000. Golden State Wealth Management LLC grew its position in shares of OGE Energy by 427.0% during the 2nd quarter. Golden State Wealth Management LLC now owns 780 shares of the utilities provider’s stock worth $35,000 after buying an additional 632 shares during the period. Caitong International Asset Management Co. Ltd increased its stake in shares of OGE Energy by 49.4% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 771 shares of the utilities provider’s stock valued at $36,000 after acquiring an additional 255 shares during the last quarter. Finally, Brooklyn Investment Group increased its stake in shares of OGE Energy by 725.5% in the 1st quarter. Brooklyn Investment Group now owns 908 shares of the utilities provider’s stock valued at $42,000 after acquiring an additional 798 shares during the last quarter. Institutional investors and hedge funds own 71.84% 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.