OGE Energy Corp. Receives Consensus Rating of “Hold” from Analysts (NYSE:OGE)
OGE Energy Corp. (NYSE:OGE) has earned a consensus rating of “Hold” from the ten ratings firms that are covering the stock, Analyst Ratings Network.com reports. Eight equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $41.36.
A number of research firms have recently commented on OGE. Analysts at Wunderlich cut their price target on shares of OGE Energy Corp. from $40.00 to $35.00 in a research note on Friday. They now have a “hold” rating on the stock. Separately, analysts at KeyCorp initiated coverage on shares of OGE Energy Corp. in a research note on Monday, December 23rd. They set a “hold” rating on the stock. Finally, analysts at UBS AG raised their price target on shares of OGE Energy Corp. from $30.00 to $35.00 in a research note on Wednesday, November 27th. They now have a “market perform” rating on the stock. They noted that the move was a valuation call.
Shares of OGE Energy Corp. (NYSE:OGE) opened at 35.69 on Tuesday. OGE Energy Corp. has a 52 week low of $27.695 and a 52 week high of $40.00. The stock’s 50-day moving average is $33.94 and its 200-day moving average is $35.52. The company has a market cap of $7.083 billion and a P/E ratio of 19.27.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, April 30th. Stockholders of record on Thursday, April 10th will be paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 2.52%. The ex-dividend date is Tuesday, April 8th.
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.
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