Other equities research analysts also recently issued research reports about the company. Bank of America upgraded OGE Energy from a neutral rating to a buy rating and set a $34.00 price objective on the stock in a report on Friday. Goldman Sachs Group upgraded OGE Energy from a neutral rating to a buy rating and set a $38.00 price objective on the stock in a report on Wednesday, January 10th. Edward Jones downgraded OGE Energy from a buy rating to a hold rating in a report on Wednesday, December 27th. Zacks Investment Research upgraded OGE Energy from a sell rating to a hold rating in a report on Monday, February 19th. Finally, UBS Group initiated coverage on OGE Energy in a report on Friday, February 2nd. They issued a neutral rating and a $33.00 price objective on the stock. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has an average rating of Hold and an average target price of $36.00.
Shares of OGE Energy (OGE) opened at $32.28 on Friday. The company has a quick ratio of 0.35, a current ratio of 0.52 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $6,450.00, a price-to-earnings ratio of 10.41, a P/E/G ratio of 3.04 and a beta of 0.84. OGE Energy has a 1-year low of $29.59 and a 1-year high of $37.40.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 30th. Shareholders of record on Tuesday, April 10th will be issued a dividend of $0.3325 per share. The ex-dividend date is Monday, April 9th. This represents a $1.33 annualized dividend and a yield of 4.12%. OGE Energy’s dividend payout ratio (DPR) is 42.90%.
A number of hedge funds and other institutional investors have recently modified their holdings of OGE. Krilogy Financial LLC boosted its position in shares of OGE Energy by 133.3% during the 3rd quarter. Krilogy Financial LLC now owns 2,800 shares of the utilities provider’s stock worth $101,000 after acquiring an additional 1,600 shares in the last quarter. Amica Retiree Medical Trust acquired a new position in shares of OGE Energy during the 4th quarter worth about $109,000. Assetmark Inc. boosted its position in shares of OGE Energy by 120.2% during the 4th quarter. Assetmark Inc. now owns 3,568 shares of the utilities provider’s stock worth $117,000 after acquiring an additional 1,948 shares in the last quarter. Cerebellum GP LLC acquired a new position in shares of OGE Energy during the 4th quarter worth about $122,000. Finally, Resources Investment Advisors Inc. boosted its position in shares of OGE Energy by 75.1% during the 4th quarter. Resources Investment Advisors Inc. now owns 4,670 shares of the utilities provider’s stock worth $154,000 after acquiring an additional 2,003 shares in the last quarter. Institutional investors own 61.38% of the company’s stock.
OGE Energy Company Profile
OGE Energy Corp. (OGE Energy) is an energy and energy services provider offering physical delivery and related services for both electricity and natural gas primarily in the south central United States. The Company operates through two segments: electric utility and natural gas midstream operations. The electric utility segment generates, transmits, distributes and sells electric energy in Oklahoma and western Arkansas.
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