Wall Street analysts expect OGE Energy Corp. (NYSE:OGE) to announce earnings per share (EPS) of $0.28 for the current fiscal quarter, according to Zacks. Zero analysts have issued estimates for OGE Energy’s earnings. OGE Energy posted earnings of $0.29 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 3.4%. The business is scheduled to announce its next quarterly earnings results on Thursday, February 22nd.

According to Zacks, analysts expect that OGE Energy will report full year earnings of $1.88 per share for the current year, with EPS estimates ranging from $1.85 to $1.90. For the next fiscal year, analysts expect that the company will post earnings of $2.00 per share, with EPS estimates ranging from $1.92 to $2.05. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that that provide coverage for OGE Energy.

OGE Energy (NYSE:OGE) last released its quarterly earnings data on Thursday, November 2nd. The utilities provider reported $0.92 earnings per share for the quarter, missing the consensus estimate of $0.93 by ($0.01). The business had revenue of $716.80 million for the quarter, compared to analyst estimates of $728.18 million. OGE Energy had a return on equity of 10.92% and a net margin of 16.69%. OGE Energy’s revenue was down 3.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.92 EPS.

Several equities research analysts recently weighed in on OGE shares. BidaskClub upgraded shares of OGE Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. Bank of America started coverage on shares of OGE Energy in a research note on Tuesday, October 24th. They set an “underperform” rating and a $37.00 price objective on the stock. Wells Fargo & Company lowered shares of OGE Energy from an “outperform” rating to a “market perform” rating and set a $38.00 price objective on the stock. in a research note on Friday, October 6th. KeyCorp reiterated a “hold” rating on shares of OGE Energy in a research note on Friday, September 1st. Finally, Jefferies Group reiterated a “hold” rating and set a $37.00 price objective (up previously from $35.00) on shares of OGE Energy in a research note on Wednesday, August 9th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $36.67.

In other OGE Energy news, VP Patricia D. Horn sold 10,051 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $35.56, for a total value of $357,413.56. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.48% of the stock is currently owned by company insiders.

Large investors have recently made changes to their positions in the business. Shell Asset Management Co. increased its stake in shares of OGE Energy by 33.0% during the third quarter. Shell Asset Management Co. now owns 56,322 shares of the utilities provider’s stock valued at $2,090,000 after acquiring an additional 13,982 shares during the period. Mutual of America Capital Management LLC increased its stake in shares of OGE Energy by 1.6% during the third quarter. Mutual of America Capital Management LLC now owns 161,802 shares of the utilities provider’s stock valued at $5,830,000 after acquiring an additional 2,549 shares during the period. Fox Run Management L.L.C. acquired a new position in shares of OGE Energy during the third quarter valued at approximately $1,034,000. Swiss National Bank increased its stake in shares of OGE Energy by 2.8% during the second quarter. Swiss National Bank now owns 727,600 shares of the utilities provider’s stock valued at $25,313,000 after acquiring an additional 20,000 shares during the period. Finally, Principal Financial Group Inc. increased its stake in shares of OGE Energy by 18.2% during the second quarter. Principal Financial Group Inc. now owns 1,315,175 shares of the utilities provider’s stock valued at $45,755,000 after acquiring an additional 202,440 shares during the period. Institutional investors own 62.20% of the company’s stock.

OGE Energy (OGE) traded down $0.78 on Wednesday, reaching $34.27. 1,427,400 shares of the company traded hands, compared to its average volume of 999,869. The firm has a market capitalization of $6,999.67, a price-to-earnings ratio of 18.35, a price-to-earnings-growth ratio of 4.01 and a beta of 0.90. OGE Energy has a 52-week low of $31.96 and a 52-week high of $37.40. The company has a current ratio of 0.63, a quick ratio of 0.46 and a debt-to-equity ratio of 0.76.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 30th. Shareholders of record on Wednesday, January 10th will be paid a $0.3325 dividend. The ex-dividend date of this dividend is Tuesday, January 9th. This represents a $1.33 annualized dividend and a dividend yield of 3.88%. OGE Energy’s payout ratio is currently 69.63%.

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OGE Energy 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.

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Earnings History and Estimates for OGE Energy (NYSE:OGE)

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