OGE Energy Corporation (OGE) To Go Ex-Dividend on July 6th

OGE Energy Corporation (NYSE:OGE) announced a quarterly dividend on Thursday, May 14th. Investors of record on Monday, July 6th will be given a dividend of 0.425 per share by the utilities provider on Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend is Monday, July 6th.

OGE Energy has increased its dividend by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 18 consecutive years. OGE Energy has a dividend payout ratio of 70.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect OGE Energy to earn $2.59 per share next year, which means the company should continue to be able to cover its $1.70 annual dividend with an expected future payout ratio of 65.6%.

OGE Energy Stock Performance

Shares of OGE Energy stock opened at $49.39 on Friday. OGE Energy has a one year low of $41.69 and a one year high of $50.13. The company has a market cap of $10.19 billion, a price-to-earnings ratio of 22.05, a PEG ratio of 3.66 and a beta of 0.53. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.40 and a current ratio of 0.66. The business’s 50 day moving average price is $47.76 and its 200 day moving average price is $46.47.

OGE Energy (NYSE:OGE) last issued its earnings results on Tuesday, April 28th. The utilities provider reported $0.24 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.24. OGE Energy had a return on equity of 9.47% and a net margin of 14.03%.The business had revenue of $752.60 million during the quarter, compared to the consensus estimate of $616.02 million. During the same period last year, the company earned $0.31 EPS. The company’s revenue for the quarter was up .7% on a year-over-year basis. On average, research analysts predict that OGE Energy will post 2.43 EPS for the current year.

Insider Activity at OGE Energy

In other news, insider William H. Sultemeier sold 7,345 shares of the business’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $47.97, for a total transaction of $352,339.65. Following the completion of the transaction, the insider directly owned 74,497 shares of the company’s stock, valued at approximately $3,573,621.09. The trade was a 8.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.57% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Root Financial Partners LLC raised its holdings in shares of OGE Energy by 111.3% in the 1st quarter. Root Financial Partners LLC now owns 598 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 315 shares in the last quarter. Capital Advisors Ltd. LLC grew its stake in shares of OGE Energy by 14,780.0% during the first quarter. Capital Advisors Ltd. LLC now owns 744 shares of the utilities provider’s stock worth $36,000 after purchasing an additional 739 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in OGE Energy by 49.4% in the third quarter. Caitong International Asset Management Co. Ltd now owns 771 shares of the utilities provider’s stock valued at $36,000 after buying an additional 255 shares during the last quarter. State of Wyoming acquired a new stake in OGE Energy in the second quarter valued at $34,000. Finally, Quest 10 Wealth Builders Inc. lifted its holdings in 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 last quarter. Institutional investors and hedge funds own 71.84% of the company’s stock.

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.