OGE Energy Corporation (NYSE:OGE) Receives Average Rating of “Hold” from Brokerages

Shares of OGE Energy Corporation (NYSE:OGE) have received a consensus rating of “Hold” from the ten research firms that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $47.1250.

Several research analysts have recently issued reports on OGE shares. Jefferies Financial Group increased their price objective on shares of OGE Energy from $52.00 to $55.00 and gave the company a “buy” rating in a report on Wednesday, October 22nd. Royal Bank Of Canada reiterated a “sector perform” rating on shares of OGE Energy in a research report on Friday, January 23rd. Wells Fargo & Company downgraded OGE Energy from an “equal weight” rating to an “underweight” rating and dropped their price objective for the stock from $45.00 to $39.00 in a research note on Tuesday, January 20th. Mizuho raised their target price on OGE Energy from $45.00 to $47.00 and gave the company a “neutral” rating in a research note on Wednesday, October 29th. Finally, Wall Street Zen upgraded shares of OGE Energy from a “sell” rating to a “hold” rating in a research report on Saturday, January 24th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in OGE. Capital A Wealth Management LLC lifted its position in shares of OGE Energy by 5,157.1% during the 2nd quarter. Capital A Wealth Management LLC now owns 736 shares of the utilities provider’s stock valued at $33,000 after acquiring an additional 722 shares during the last quarter. Quest 10 Wealth Builders Inc. raised its position in shares of OGE Energy by 618.3% during the fourth quarter. Quest 10 Wealth Builders Inc. now owns 783 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 674 shares during the period. State of Wyoming purchased a new stake in shares of OGE Energy during the second quarter valued at $34,000. Golden State Wealth Management LLC boosted its position in shares of OGE Energy by 427.0% in the 2nd quarter. Golden State Wealth Management LLC now owns 780 shares of the utilities provider’s stock valued at $35,000 after purchasing an additional 632 shares during the period. Finally, Caitong International Asset Management Co. Ltd increased its stake in OGE Energy by 49.4% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 771 shares of the utilities provider’s stock worth $36,000 after purchasing an additional 255 shares in the last quarter. Institutional investors and hedge funds own 71.84% of the company’s stock.

OGE Energy Stock Performance

OGE stock opened at $43.99 on Friday. The company has a 50-day simple moving average of $43.20 and a 200 day simple moving average of $44.44. The company has a market capitalization of $8.86 billion, a P/E ratio of 17.67, a PEG ratio of 2.59 and a beta of 0.62. The company has a quick ratio of 0.52, a current ratio of 0.80 and a debt-to-equity ratio of 1.12. OGE Energy has a fifty-two week low of $40.80 and a fifty-two week high of $47.33.

OGE Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 30th. Investors of record on Monday, January 5th were paid a dividend of $0.425 per share. The ex-dividend date of this dividend was Monday, January 5th. This represents a $1.70 annualized dividend and a yield of 3.9%. OGE Energy’s dividend payout ratio is currently 68.27%.

About OGE Energy

OGE Energy Corp. (NYSE:OGE) is an energy and infrastructure holding company headquartered in Oklahoma City, Oklahoma. Through its principal subsidiary, Oklahoma Gas & Electric Company, the company provides regulated electric service to residential, commercial and industrial customers across Oklahoma and western Arkansas. Its diversified generation mix includes coal, natural gas and wind-powered facilities, complemented by ongoing investments in grid modernization and smart technology to enhance reliability and customer satisfaction.

In addition to its core electric utility operations, OGE Energy Corp.