Analysts Set OGE Energy Corporation (NYSE:OGE) Price Target at $47.13

Shares of OGE Energy Corporation (NYSE:OGE) have been given a consensus recommendation of “Hold” by the ten research firms that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $47.1250.

OGE has been the subject of a number of recent research reports. Wall Street Zen upgraded OGE Energy from a “sell” rating to a “hold” rating in a research note on Saturday, January 24th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of OGE Energy in a research report on Friday, January 23rd. Jefferies Financial Group boosted their price target on OGE Energy from $52.00 to $55.00 and gave the company a “buy” rating in a report on Wednesday, October 22nd. BMO Capital Markets initiated coverage on shares of OGE Energy in a research note on Tuesday, January 13th. They set a “market perform” rating and a $45.00 price objective on the stock. Finally, Wells Fargo & Company lowered shares of OGE Energy from an “equal weight” rating to an “underweight” rating and cut their target price for the company from $45.00 to $39.00 in a report on Tuesday, January 20th.

OGE Energy Stock Up 0.8%

OGE stock opened at $44.31 on Friday. The company has a market capitalization of $8.93 billion, a P/E ratio of 17.79, a price-to-earnings-growth ratio of 2.59 and a beta of 0.62. OGE Energy has a 12 month low of $40.80 and a 12 month high of $47.33. The firm’s fifty day simple moving average is $43.19 and its 200-day simple moving average is $44.42. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.80 and a quick ratio of 0.52.

OGE Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 30th. Shareholders of record on Monday, January 5th were given a $0.425 dividend. The ex-dividend date was Monday, January 5th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 3.8%. OGE Energy’s dividend payout ratio is 68.27%.

Institutional Investors Weigh In On OGE Energy

A number of institutional investors have recently modified their holdings of the business. Capital A Wealth Management LLC boosted its position in 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 in the last quarter. Quest 10 Wealth Builders Inc. raised its stake in shares of OGE Energy by 618.3% during the 4th quarter. Quest 10 Wealth Builders Inc. now owns 783 shares of the utilities provider’s stock worth $33,000 after buying an additional 674 shares during the period. State of Wyoming acquired a new position in shares of OGE Energy during the 2nd quarter worth approximately $34,000. Golden State Wealth Management LLC lifted 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 valued at $35,000 after buying an additional 632 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd grew its stake in 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 period. 71.84% of the stock is currently owned by institutional investors and hedge funds.

About OGE Energy

OGE Energy Corp. (NYSE:OGE) is an energy and infrastructure holding company headquartered in Oklahoma City, Oklahoma. Through its principal subsidiary, Oklahoma Gas & Electric Company, the company provides regulated electric service to residential, commercial and industrial customers across Oklahoma and western Arkansas. Its diversified generation mix includes coal, natural gas and wind-powered facilities, complemented by ongoing investments in grid modernization and smart technology to enhance reliability and customer satisfaction.

In addition to its core electric utility operations, OGE Energy Corp.