OGE Energy (OGE) Projected to Post Earnings on Wednesday

OGE Energy (NYSE:OGE) is anticipated to release its earnings data before the market opens on Wednesday, February 19th. Analysts expect OGE Energy to post earnings of $0.47 per share and revenue of $750.80 million for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

OGE Energy Price Performance

NYSE:OGE opened at $43.44 on Wednesday. The firm has a market capitalization of $8.73 billion, a price-to-earnings ratio of 22.51, a P/E/G ratio of 3.18 and a beta of 0.78. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.51 and a current ratio of 0.86. The stock has a fifty day moving average of $41.86 and a 200 day moving average of $41.11. OGE Energy has a 52-week low of $32.06 and a 52-week high of $44.41.

OGE Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Monday, January 6th were given a dividend of $0.4213 per share. The ex-dividend date of this dividend was Monday, January 6th. This represents a $1.69 dividend on an annualized basis and a dividend yield of 3.88%. OGE Energy’s dividend payout ratio (DPR) is presently 87.05%.

Analyst Ratings Changes

Several research analysts recently weighed in on OGE shares. Evercore ISI upgraded shares of OGE Energy from an “in-line” rating to an “outperform” rating and upped their price objective for the stock from $40.00 to $47.00 in a research report on Tuesday, January 21st. Barclays decreased their price target on shares of OGE Energy from $43.00 to $42.00 and set an “equal weight” rating on the stock in a report on Friday, January 24th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, OGE Energy currently has an average rating of “Hold” and an average price target of $45.00.

About OGE Energy

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.