OGE Energy Corp. (OGE) Given Average Rating of “Hold” by Brokerages

OGE Energy Corp. (NYSE:OGE) has been given an average recommendation of “Hold” by the eleven analysts that are presently covering the company, Marketbeat.com reports. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $36.00.

OGE has been the subject of several research analyst reports. Zacks Investment Research upgraded OGE Energy from a “hold” rating to a “buy” rating and set a $36.00 price target for the company in a report on Friday. Guggenheim reaffirmed a “buy” rating and issued a $35.00 price objective on shares of OGE Energy in a research note on Friday, February 23rd. Bank of America raised OGE Energy from a “neutral” rating to a “buy” rating and set a $34.00 price objective for the company in a research note on Friday, February 23rd. Goldman Sachs raised OGE Energy from a “neutral” rating to a “buy” rating and set a $38.00 price objective for the company in a research note on Wednesday, January 10th. Finally, Edward Jones lowered OGE Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, December 27th.

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In related news, Director Peter D. Clarke acquired 1,850 shares of the stock in a transaction dated Monday, February 26th. The stock was acquired at an average cost of $32.40 per share, with a total value of $59,940.00. Following the purchase, the director now directly owns 1,850 shares of the company’s stock, valued at $59,940. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.48% of the stock is owned by company insiders.

Large investors have recently bought and sold shares of the company. Millennium Management LLC lifted its stake in shares of OGE Energy by 92.2% during the 4th quarter. Millennium Management LLC now owns 4,070,942 shares of the utilities provider’s stock worth $133,975,000 after acquiring an additional 1,952,995 shares during the last quarter. Amundi Pioneer Asset Management Inc. bought a new stake in shares of OGE Energy during the 4th quarter worth approximately $47,463,000. Renaissance Technologies LLC lifted its stake in shares of OGE Energy by 140.5% during the 4th quarter. Renaissance Technologies LLC now owns 2,189,800 shares of the utilities provider’s stock worth $72,066,000 after acquiring an additional 1,279,200 shares during the last quarter. Citadel Advisors LLC lifted its stake in shares of OGE Energy by 150.9% during the 3rd quarter. Citadel Advisors LLC now owns 1,889,541 shares of the utilities provider’s stock worth $68,080,000 after acquiring an additional 1,136,560 shares during the last quarter. Finally, Zimmer Partners LP lifted its stake in shares of OGE Energy by 257.1% during the 4th quarter. Zimmer Partners LP now owns 625,000 shares of the utilities provider’s stock worth $20,569,000 after acquiring an additional 450,000 shares during the last quarter. 62.99% of the stock is owned by institutional investors and hedge funds.

OGE Energy stock traded up $0.38 during midday trading on Monday, reaching $31.81. The company’s stock had a trading volume of 810,098 shares, compared to its average volume of 1,616,284. The stock has a market cap of $6,276.76, a PE ratio of 10.26, a PEG ratio of 2.64 and a beta of 0.83. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.52 and a quick ratio of 0.35. OGE Energy has a fifty-two week low of $29.59 and a fifty-two week high of $37.32.

OGE Energy (NYSE:OGE) last released its quarterly earnings results on Thursday, February 22nd. The utilities provider reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.02. The business had revenue of $501.90 million during the quarter, compared to analysts’ expectations of $531.39 million. OGE Energy had a return on equity of 10.64% and a net margin of 27.38%. The firm’s revenue for the quarter was down 5.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.29 EPS. equities analysts predict that OGE Energy will post 2 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 30th. Stockholders of record on Tuesday, April 10th will be paid a $0.3325 dividend. This represents a $1.33 annualized dividend and a dividend yield of 4.18%. The ex-dividend date is Monday, April 9th. OGE Energy’s payout ratio is 42.90%.

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About OGE Energy

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.

Analyst Recommendations for OGE Energy (NYSE:OGE)

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