OGE Energy Corp. (NYSE:OGE) Receives $40.25 Average PT from Analysts

Shares of OGE Energy Corp. (NYSE:OGEGet Rating) have received an average recommendation of “Hold” from the six analysts that are currently covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $40.25.

A number of research firms have recently issued reports on OGE. Credit Suisse Group began coverage on OGE Energy in a report on Monday, April 25th. They issued a “neutral” rating and a $42.00 price objective for the company. Barclays upped their price objective on OGE Energy from $36.00 to $41.00 and gave the stock an “equal weight” rating in a report on Thursday, March 31st. StockNews.com began coverage on OGE Energy in a report on Thursday, March 31st. They issued a “hold” rating for the company. Finally, Mizuho cut their price objective on OGE Energy from $42.00 to $38.00 and set a “neutral” rating for the company in a report on Tuesday, June 14th.

Shares of OGE opened at $35.93 on Thursday. The firm has a market cap of $7.19 billion, a PE ratio of 7.49, a PEG ratio of 4.69 and a beta of 0.66. The stock’s fifty day moving average price is $39.62 and its two-hundred day moving average price is $38.59. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.49 and a quick ratio of 0.35. OGE Energy has a 1 year low of $32.49 and a 1 year high of $42.74.

OGE Energy (NYSE:OGEGet Rating) last released its quarterly earnings data on Thursday, May 5th. The utilities provider reported $1.39 earnings per share (EPS) for the quarter. OGE Energy had a return on equity of 17.73% and a net margin of 36.90%. The company had revenue of $589.30 million for the quarter, compared to analyst estimates of $921.30 million. During the same period in the previous year, the company posted $0.26 EPS. The firm’s revenue for the quarter was down 63.9% compared to the same quarter last year. Sell-side analysts anticipate that OGE Energy will post 2.15 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 29th. Stockholders of record on Monday, July 11th will be given a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 4.56%. The ex-dividend date of this dividend is Friday, July 8th. OGE Energy’s dividend payout ratio is currently 34.17%.

In other news, VP Patricia D. Horn sold 4,015 shares of the stock in a transaction that occurred on Monday, March 28th. The stock was sold at an average price of $39.95, for a total value of $160,399.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 12.90% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of OGE. State Street Corp boosted its stake in shares of OGE Energy by 24.1% in the 1st quarter. State Street Corp now owns 7,013,271 shares of the utilities provider’s stock worth $286,001,000 after buying an additional 1,360,363 shares during the last quarter. Cbre Investment Management Listed Real Assets LLC boosted its stake in shares of OGE Energy by 80.6% in the 1st quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,582,326 shares of the utilities provider’s stock worth $64,527,000 after buying an additional 706,326 shares during the last quarter. BlackRock Inc. boosted its stake in shares of OGE Energy by 2.6% in the 4th quarter. BlackRock Inc. now owns 25,739,361 shares of the utilities provider’s stock worth $987,876,000 after buying an additional 647,876 shares during the last quarter. Segall Bryant & Hamill LLC boosted its stake in shares of OGE Energy by 5,280.4% in the 4th quarter. Segall Bryant & Hamill LLC now owns 430,220 shares of the utilities provider’s stock worth $16,511,000 after buying an additional 422,224 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in shares of OGE Energy by 37.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,408,611 shares of the utilities provider’s stock worth $57,443,000 after buying an additional 382,339 shares during the last quarter. Institutional investors and hedge funds own 65.01% of the company’s stock.

OGE Energy Company Profile (Get Rating)

OGE Energy Corp., together with its subsidiaries, operates as an energy and energy services provider that offers physical delivery and related services for electricity, natural gas, crude oil, and natural gas liquids in the United States. The company generates, transmits, distributes, and sells electric energy.

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