OGE Energy (NYSE:OGE) Announces Earnings Results

OGE Energy (NYSE:OGE) posted its quarterly earnings results on Wednesday. The utilities provider reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.03, Briefing.com reports. The business had revenue of $760.50 million during the quarter, compared to analysts’ expectations of $750.80 million. OGE Energy had a net margin of 13.89% and a return on equity of 8.59%. The business’s quarterly revenue was up 34.2% on a year-over-year basis. During the same quarter last year, the company posted $0.24 earnings per share. OGE Energy updated its FY 2025 guidance to 2.210-2.330 EPS and its FY25 guidance to $2.21-$2.33 EPS.

OGE Energy Stock Performance

Shares of NYSE OGE traded up $0.28 during trading on Wednesday, reaching $44.14. 1,491,537 shares of the company traded hands, compared to its average volume of 856,826. The stock has a market cap of $8.87 billion, a P/E ratio of 22.86, a PEG ratio of 3.25 and a beta of 0.78. The firm’s fifty day simple moving average is $41.93 and its 200 day simple moving average is $41.24. The company has a current ratio of 0.86, a quick ratio of 0.51 and a debt-to-equity ratio of 1.09. OGE Energy has a 12-month low of $32.37 and a 12-month high of $44.72.

OGE Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, April 7th will be given a dividend of $0.4213 per share. This represents a $1.69 annualized dividend and a yield of 3.82%. OGE Energy’s dividend payout ratio is currently 87.05%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Evercore ISI upgraded OGE Energy from an “in-line” rating to an “outperform” rating and raised their target price for the stock from $40.00 to $47.00 in a research note on Tuesday, January 21st. Barclays cut their price objective on OGE Energy from $43.00 to $42.00 and set an “equal weight” rating on the stock in a report on Friday, January 24th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $45.00.

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.