OGE Energy (NYSE:OGE) will release its earnings data before the market opens on Thursday, November 8th. Analysts expect OGE Energy to post earnings of $0.95 per share for the quarter. OGE Energy has set its FY18 guidance at $1.90 to $2.05 EPS.
OGE Energy (NYSE:OGE) last issued its earnings results on Thursday, August 9th. The utilities provider reported $0.55 EPS for the quarter, missing the Zacks’ consensus estimate of $0.57 by ($0.02). OGE Energy had a return on equity of 10.74% and a net margin of 28.26%. The company had revenue of $567.00 million during the quarter, compared to the consensus estimate of $592.64 million. During the same quarter in the prior year, the company earned $0.52 earnings per share. OGE Energy’s revenue was down 3.3% on a year-over-year basis. On average, analysts expect OGE Energy to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Shares of OGE opened at $36.15 on Thursday. OGE Energy has a fifty-two week low of $29.59 and a fifty-two week high of $38.13. The company has a market capitalization of $7.30 billion, a PE ratio of 18.99, a price-to-earnings-growth ratio of 3.54 and a beta of 0.62. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.45 and a quick ratio of 0.28.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 30th. Stockholders of record on Wednesday, October 10th were given a $0.365 dividend. This represents a $1.46 annualized dividend and a dividend yield of 4.04%. The ex-dividend date was Tuesday, October 9th. This is a boost from OGE Energy’s previous quarterly dividend of $0.33. OGE Energy’s dividend payout ratio is presently 76.04%.
In related news, VP Patricia D. Horn sold 3,715 shares of the stock in a transaction that occurred on Thursday, August 9th. The shares were sold at an average price of $37.00, for a total transaction of $137,455.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Jerry A. Peace sold 2,513 shares of the stock in a transaction that occurred on Tuesday, August 14th. The shares were sold at an average price of $36.71, for a total transaction of $92,252.23. Following the sale, the vice president now directly owns 11,125 shares of the company’s stock, valued at approximately $408,398.75. The disclosure for this sale can be found here. Corporate insiders own 0.44% of the company’s stock.
Several equities research analysts have recently weighed in on OGE shares. Zacks Investment Research cut shares of OGE Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, July 10th. UBS Group upped their price target on shares of OGE Energy from $35.00 to $37.00 and gave the stock a “neutral” rating in a research report on Friday, August 10th. Finally, Barclays started coverage on shares of OGE Energy in a research report on Monday, October 22nd. They issued a “sell” rating and a $36.00 price target for the company. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $36.50.
OGE Energy Company Profile
OGE Energy Corp., together with its subsidiaries, operates as an energy and energy services provider that offers physical delivery and related services for electricity and natural gas primarily in the south central United States. The company operates in two segments, Electric Utility and Natural Gas Midstream Operations.
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