OGE Energy Corp. (NYSE:OGE) Receives $45.00 Consensus Target Price from Analysts

OGE Energy Corp. (NYSE:OGE) has been given an average recommendation of “Moderate Buy” by the four brokerages that are currently covering the company, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $45.00.

Several brokerages have weighed in on OGE. Evercore ISI upgraded shares of OGE Energy from an “in-line” rating to an “outperform” rating and lifted their price objective for the stock from $40.00 to $47.00 in a research note on Tuesday, January 21st. Barclays dropped their price objective on shares of OGE Energy from $43.00 to $42.00 and set an “equal weight” rating for the company in a research note on Friday, January 24th.

Institutional Investors Weigh In On OGE Energy

Several hedge funds and other institutional investors have recently made changes to their positions in OGE. Headlands Technologies LLC bought a new stake in shares of OGE Energy during the 4th quarter valued at approximately $27,000. V Square Quantitative Management LLC bought a new stake in OGE Energy during the 3rd quarter worth approximately $30,000. Bessemer Group Inc. grew its holdings in OGE Energy by 102.0% during the 4th quarter. Bessemer Group Inc. now owns 715 shares of the utilities provider’s stock worth $30,000 after acquiring an additional 361 shares during the last quarter. Stonebridge Financial Group LLC bought a new stake in OGE Energy during the 4th quarter worth approximately $35,000. Finally, Principal Securities Inc. grew its holdings in OGE Energy by 204.7% during the 4th quarter. Principal Securities Inc. now owns 981 shares of the utilities provider’s stock worth $40,000 after acquiring an additional 659 shares during the last quarter. 71.84% of the stock is owned by institutional investors.

OGE Energy Price Performance

Shares of OGE Energy stock opened at $44.08 on Friday. OGE Energy has a twelve month low of $32.37 and a twelve month high of $44.72. The company has a quick ratio of 0.51, a current ratio of 0.86 and a debt-to-equity ratio of 1.09. The company has a 50-day simple moving average of $42.01 and a two-hundred day simple moving average of $41.29. The stock has a market capitalization of $8.86 billion, a price-to-earnings ratio of 22.84, a price-to-earnings-growth ratio of 3.25 and a beta of 0.78.

OGE Energy (NYSE:OGE) last issued its quarterly earnings data on Wednesday, February 19th. The utilities provider reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.03. OGE Energy had a net margin of 13.89% and a return on equity of 8.59%. The business had revenue of $760.50 million during the quarter, compared to analysts’ expectations of $750.80 million. During the same quarter in the previous year, the company earned $0.24 EPS. The business’s revenue was up 34.2% on a year-over-year basis. Analysts forecast that OGE Energy will post 2.17 EPS for the current year.

OGE Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, April 7th will be given a $0.4213 dividend. This represents a $1.69 annualized dividend and a dividend yield of 3.82%. OGE Energy’s payout ratio is presently 87.05%.

OGE Energy Company Profile

OGE Energy Corp., together with its subsidiaries, operates as an energy services provider in the United States. The company generates, transmits, distributes, and sells electric energy. In addition, it provides retail electric service to approximately 896,000 customers, which covers a service area of approximately 30,000 square miles in Oklahoma and western Arkansas; and owns and operates coal-fired, natural gas-fired, wind-powered, and solar-powered generating assets.