OGE Energy (NYSE:OGE) Hits New 12-Month High Following Dividend Announcement

OGE Energy Corporation (NYSE:OGEGet Free Report)’s share price reached a new 52-week high during trading on Tuesday following a dividend announcement from the company. The stock traded as high as $47.50 and last traded at $47.1660, with a volume of 35187 shares trading hands. The stock had previously closed at $46.98.

The newly announced dividend which will be paid on Friday, April 24th. Shareholders of record on Monday, April 6th will be given a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Monday, April 6th. OGE Energy’s payout ratio is currently 68.27%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on OGE shares. Barclays reduced their price objective on OGE Energy from $51.00 to $49.00 and set an “overweight” rating for the company in a research note on Thursday, January 22nd. BMO Capital Markets started coverage on OGE Energy in a research report on Tuesday, January 13th. They set a “market perform” rating and a $45.00 price target for the company. Royal Bank Of Canada restated a “sector perform” rating on shares of OGE Energy in a research report on Friday, January 23rd. Wall Street Zen raised shares of OGE Energy from a “sell” rating to a “hold” rating in a report on Saturday, January 24th. Finally, UBS Group lowered their price target on shares of OGE Energy from $45.00 to $44.00 and set a “neutral” rating on the stock in a report on Wednesday, December 17th. Five analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $47.63.

View Our Latest Stock Report on OGE Energy

OGE Energy Stock Down 0.9%

The stock has a market cap of $9.36 billion, a price-to-earnings ratio of 18.66, a PEG ratio of 3.35 and a beta of 0.62. The business’s 50 day moving average is $43.58 and its 200-day moving average is $44.49. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.52 and a current ratio of 0.80.

OGE Energy (NYSE:OGEGet Free Report) last posted its quarterly earnings data on Wednesday, February 18th. The utilities provider reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.04. OGE Energy had a net margin of 15.28% and a return on equity of 10.77%. The business had revenue of $725.80 million for the quarter, compared to the consensus estimate of $277.80 million. During the same period last year, the firm posted $0.50 earnings per share. The company’s revenue was down 4.6% compared to the same quarter last year. OGE Energy has set its FY 2026 guidance at 2.380-2.480 EPS. On average, sell-side analysts predict that OGE Energy Corporation will post 2.27 EPS for the current fiscal year.

Trending Headlines about OGE Energy

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Hedge Funds Weigh In On OGE Energy

Several hedge funds and other institutional investors have recently modified their holdings of the business. Capital A Wealth Management LLC increased its stake 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 acquiring an additional 722 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its holdings in shares of OGE Energy by 49.4% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 771 shares of the utilities provider’s stock worth $36,000 after purchasing an additional 255 shares during the period. State of Wyoming acquired a new stake in shares of OGE Energy during the 2nd quarter worth about $34,000. Golden State Wealth Management LLC raised its holdings 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 during the period. Finally, Quest 10 Wealth Builders Inc. lifted its position in OGE Energy by 618.3% in the fourth quarter. Quest 10 Wealth Builders Inc. now owns 783 shares of the utilities provider’s stock valued at $33,000 after buying an additional 674 shares during the last quarter. 71.84% of the stock is owned by hedge funds and other institutional investors.

OGE Energy Company Profile

(Get Free Report)

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.

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