OGE Energy Corp. Plans Quarterly Dividend of $0.21 (OGE)
OGE Energy Corp. (NYSE:OGE) announced a quarterly dividend on Wednesday, September 25th, Stock Ratings Network reports. Stockholders of record on Thursday, October 10th will be paid a dividend of $0.2088 per share on Wednesday, October 30th. This represents a $0.84 annualized dividend and a dividend yield of 2.30%.
A number of analysts have recently weighed in on OGE shares. Analysts at Zacks reiterated a “neutral” rating on shares of OGE Energy Corp. (NYSE:OGE) in a research note to investors on Wednesday, September 4th. They now have a $37.00 price target on the stock. On a related note, analysts at Wunderlich raised their price target on shares of OGE Energy Corp. (NYSE:OGE) from $36.00 to $40.00 in a research note to investors on Monday, August 12th. They now have a “hold” rating on the stock. Finally, analysts at Barclays Capital reiterated an “overweight” rating on shares of OGE Energy Corp. (NYSE:OGE) in a research note to investors on Friday, August 9th. They now have a $38.00 price target on the stock.
Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. OGE Energy Corp. currently has an average rating of “Buy” and a consensus target price of $53.79.
OGE Energy Corp. (NYSE:OGE) traded down 0.47% during mid-day trading on Wednesday, hitting $36.07. The stock had a trading volume of 339,423 shares. OGE Energy Corp. has a 1-year low of $27.18 and a 1-year high of $39.55. The stock’s 50-day moving average is $36.09 and its 200-day moving average is $35.17. The company has a market cap of $7.155 billion and a price-to-earnings ratio of 21.22.
OGE Energy Corp. (NYSE:OGE) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by $0.02. The company had revenue of $734.00 million for the quarter. During the same quarter in the previous year, the company posted $0.95 earnings per share. The company’s revenue for the quarter was down 14.2% on a year-over-year basis. Analysts expect that OGE Energy Corp. will post $1.78 EPS for the current fiscal year.
OGE Energy Corp. (NYSE:OGE) is an energy and energy services provider offering physical delivery and related services for both electricity and natural gas in the south central United States.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.