OGE Energy Corp. (OGE) Forecasted to Earn Q2 2018 Earnings of $0.57 Per Share

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OGE Energy Corp. (NYSE:OGE) – Equities researchers at KeyCorp issued their Q2 2018 EPS estimates for shares of OGE Energy in a research report issued on Wednesday, July 18th. KeyCorp analyst P. Ridzon anticipates that the utilities provider will earn $0.57 per share for the quarter. KeyCorp also issued estimates for OGE Energy’s FY2018 earnings at $2.05 EPS.

OGE Energy (NYSE:OGE) last announced its earnings results on Thursday, May 3rd. The utilities provider reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.10. OGE Energy had a net margin of 27.77% and a return on equity of 10.87%. The company had revenue of $492.70 million for the quarter, compared to analysts’ expectations of $470.69 million. During the same quarter in the previous year, the company posted $0.18 EPS. The firm’s quarterly revenue was up 8.0% on a year-over-year basis.

Several other research analysts have also recently weighed in on OGE. Zacks Investment Research cut shares of OGE Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, July 10th. ValuEngine raised shares of OGE Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, June 26th. Goldman Sachs Group cut shares of OGE Energy from a “buy” rating to a “neutral” rating in a research report on Sunday, June 24th. They noted that the move was a valuation call. Finally, Bank of America boosted their price target on shares of OGE Energy from $36.00 to $37.00 and gave the company a “buy” rating in a research report on Tuesday, June 19th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company. OGE Energy currently has a consensus rating of “Hold” and a consensus target price of $36.38.

Shares of OGE Energy opened at $36.13 on Friday, Marketbeat Ratings reports. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.24 and a current ratio of 0.41. The stock has a market cap of $7.08 billion, a PE ratio of 17.64, a PEG ratio of 3.82 and a beta of 0.71. OGE Energy has a twelve month low of $29.59 and a twelve month high of $37.32.

Hedge funds have recently made changes to their positions in the company. Wells Fargo & Company MN raised its holdings in OGE Energy by 2.5% in the 4th quarter. Wells Fargo & Company MN now owns 265,900 shares of the utilities provider’s stock valued at $8,752,000 after buying an additional 6,541 shares during the period. JPMorgan Chase & Co. raised its holdings in OGE Energy by 10.5% in the 1st quarter. JPMorgan Chase & Co. now owns 598,355 shares of the utilities provider’s stock valued at $19,608,000 after buying an additional 56,856 shares during the period. Deutsche Bank AG raised its holdings in OGE Energy by 159.9% in the 4th quarter. Deutsche Bank AG now owns 573,416 shares of the utilities provider’s stock valued at $18,868,000 after buying an additional 352,807 shares during the period. MetLife Investment Advisors LLC purchased a new stake in OGE Energy in the 4th quarter valued at about $4,158,000. Finally, OLD Republic International Corp raised its holdings in OGE Energy by 110.1% in the 4th quarter. OLD Republic International Corp now owns 605,000 shares of the utilities provider’s stock valued at $19,911,000 after buying an additional 317,000 shares during the period. 63.38% of the stock is currently owned by hedge funds and other institutional investors.

The company also recently declared a quarterly dividend, which will be paid on Monday, July 30th. Stockholders of record on Tuesday, July 10th will be given a dividend of $0.3325 per share. The ex-dividend date of this dividend is Monday, July 9th. This represents a $1.33 annualized dividend and a dividend yield of 3.68%. OGE Energy’s payout ratio is 69.27%.

OGE Energy Company Profile

OGE Energy Corp., together with its subsidiaries, operates as an energy and energy services provider that offers physical delivery and related services for electricity and natural gas primarily in the south central United States. The company operates in two segments, Electric Utility and Natural Gas Midstream Operations.

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