OGE Energy Corp. (OGE) Given Average Recommendation of “Hold” by Analysts
OGE Energy Corp. (NYSE:OGE) has been given an average recommendation of “Hold” by the nine ratings firms that are covering the company, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $36.67.
Several research firms recently commented on OGE. Bank of America began coverage on OGE Energy in a report on Tuesday, October 24th. They issued an “underperform” rating and a $37.00 price objective for the company. Wells Fargo & Company downgraded OGE Energy from an “outperform” rating to a “market perform” rating and set a $38.00 price objective for the company. in a report on Friday, October 6th. BidaskClub upgraded OGE Energy from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. Finally, KeyCorp reiterated a “hold” rating on shares of OGE Energy in a report on Friday, September 1st.
In other OGE Energy news, VP Patricia D. Horn sold 10,051 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $35.56, for a total value of $357,413.56. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.48% of the company’s stock.
Shares of OGE Energy (NYSE:OGE) opened at $34.46 on Friday. OGE Energy has a twelve month low of $32.56 and a twelve month high of $37.40. The company has a market capitalization of $6,815.94, a PE ratio of 17.87, a P/E/G ratio of 3.90 and a beta of 0.90. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.63 and a quick ratio of 0.46.
OGE Energy (NYSE:OGE) last released its quarterly earnings data on Thursday, November 2nd. The utilities provider reported $0.92 EPS for the quarter, missing the consensus estimate of $0.93 by ($0.01). OGE Energy had a return on equity of 10.92% and a net margin of 16.69%. The business had revenue of $716.80 million during the quarter, compared to the consensus estimate of $728.18 million. During the same quarter in the previous year, the business posted $0.92 earnings per share. OGE Energy’s quarterly revenue was down 3.6% compared to the same quarter last year. analysts predict that OGE Energy will post 1.88 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 30th. Shareholders of record on Wednesday, January 10th will be given a $0.3325 dividend. The ex-dividend date is Tuesday, January 9th. This represents a $1.33 annualized dividend and a yield of 3.86%. OGE Energy’s payout ratio is 69.63%.
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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