OGE Energy Corporation (NYSE:OGE) Given Average Recommendation of “Hold” by Analysts

OGE Energy Corporation (NYSE:OGE) has earned a consensus rating of “Hold” from the eleven analysts that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $47.3333.

OGE has been the topic of a number of recent analyst reports. Barclays boosted their price target on shares of OGE Energy from $47.00 to $51.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 21st. Jefferies Financial Group increased their price target on OGE Energy from $52.00 to $55.00 and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Wells Fargo & Company lowered OGE Energy from an “overweight” rating to an “underweight” rating and set a $39.00 price objective for the company. in a research report on Tuesday. BMO Capital Markets began coverage on OGE Energy in a research report on Tuesday, January 13th. They set a “market perform” rating and a $45.00 target price on the stock. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of OGE Energy in a research note on Wednesday, October 8th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of OGE. Capital A Wealth Management LLC grew its holdings in OGE Energy by 5,157.1% in 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. Caitong International Asset Management Co. Ltd grew 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 buying an additional 255 shares during the period. State of Wyoming acquired a new stake in shares of OGE Energy in the 2nd quarter valued at about $34,000. Golden State Wealth Management LLC increased its position in OGE Energy by 427.0% in 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, Quent Capital LLC acquired a new position in OGE Energy during the 3rd quarter worth approximately $43,000. 71.84% of the stock is owned by institutional investors.

OGE Energy Trading Down 0.2%

NYSE OGE opened at $43.63 on Tuesday. The firm has a market capitalization of $8.79 billion, a PE ratio of 17.52, a price-to-earnings-growth ratio of 2.59 and a beta of 0.63. The business’s 50-day moving average price is $43.59 and its two-hundred day moving average price is $44.52. The company has a current ratio of 0.80, a quick ratio of 0.52 and a debt-to-equity ratio of 1.12. OGE Energy has a 12 month low of $40.80 and a 12 month high of $47.33.

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

OGE Energy Announces Dividend

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

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.