Analysts Anticipate OGE Energy Corp. (OGE) Will Post Earnings of $0.46 Per Share
Equities analysts expect that OGE Energy Corp. (NYSE:OGE) will announce earnings per share of $0.46 for the current quarter, Zacks reports. Zero analysts have issued estimates for OGE Energy Corp.’s earnings. The highest EPS estimate is $0.46 and the lowest is $0.45. OGE Energy Corp. reported earnings of $0.35 per share in the same quarter last year, which would indicate a positive year over year growth rate of 31.4%. The firm is expected to announce its next earnings report on Thursday, August 3rd.
On average, analysts expect that OGE Energy Corp. will report full year earnings of $1.97 per share for the current year. For the next year, analysts forecast that the business will report earnings of $2.04 per share, with EPS estimates ranging from $2.00 to $2.11. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for OGE Energy Corp..
OGE Energy Corp. (NYSE:OGE) last announced its quarterly earnings results on Thursday, May 4th. The utilities provider reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.01. OGE Energy Corp. had a net margin of 7.89% and a return on equity of 4.19%. The firm had revenue of $456 million during the quarter. During the same period last year, the company posted $0.13 earnings per share. The firm’s revenue for the quarter was up 5.3% on a year-over-year basis.
OGE has been the topic of several analyst reports. Zacks Investment Research lowered shares of OGE Energy Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, March 23rd. Jefferies Group LLC reiterated a “hold” rating and issued a $35.00 target price on shares of OGE Energy Corp. in a research note on Friday, May 5th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $34.25.
Hedge funds have recently bought and sold shares of the company. Heritage Trust Co bought a new stake in OGE Energy Corp. during the first quarter valued at about $104,000. Mckinley Capital Management LLC Delaware bought a new stake in OGE Energy Corp. during the first quarter valued at about $138,000. Blue Sky Asset Management LLC bought a new stake in OGE Energy Corp. during the first quarter valued at about $152,000. Mn Services Vermogensbeheer B.V. raised its stake in OGE Energy Corp. by 4.0% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 5,326 shares of the utilities provider’s stock valued at $174,000 after buying an additional 207 shares in the last quarter. Finally, Jaffetilchin Investment Partners LLC bought a new stake in OGE Energy Corp. during the first quarter valued at about $201,000. Institutional investors own 64.13% of the company’s stock.
Shares of OGE Energy Corp. (NYSE OGE) traded down 0.61% during mid-day trading on Wednesday, reaching $35.58. 922,932 shares of the company were exchanged. OGE Energy Corp. has a 12 month low of $29.57 and a 12 month high of $37.40. The firm’s 50-day moving average is $34.74 and its 200-day moving average is $34.40. The company has a market capitalization of $7.11 billion, a price-to-earnings ratio of 20.45 and a beta of 0.70.
The business also recently declared a quarterly dividend, which will be paid on Friday, July 28th. Shareholders of record on Monday, July 10th will be given a $0.3025 dividend. The ex-dividend date of this dividend is Thursday, July 6th. This represents a $1.21 annualized dividend and a yield of 3.40%. OGE Energy Corp.’s dividend payout ratio is 78.07%.
OGE Energy Corp. 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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for OGE Energy Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for OGE Energy Corp. and related companies with MarketBeat.com's FREE daily email newsletter.