OGE Energy Corp. (NYSE:OGE) Given Consensus Recommendation of “Hold” by Analysts

OGE Energy Corp. (NYSE:OGE) has received a consensus recommendation of “Hold” from the five brokerages that are presently covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $40.50.

A number of equities research analysts recently issued reports on the company. Barclays increased their price objective on OGE Energy from $39.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Monday, October 21st. Jefferies Financial Group assumed coverage on OGE Energy in a research report on Thursday, September 19th. They set a “buy” rating and a $46.00 price target for the company.

Insiders Place Their Bets

In related news, VP Cristina F. Mcquistion sold 5,008 shares of the stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $42.84, for a total value of $214,542.72. Following the completion of the transaction, the vice president now directly owns 20,918 shares in the company, valued at $896,127.12. This trade represents a 19.32 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.53% of the company’s stock.

Hedge Funds Weigh In On OGE Energy

A number of hedge funds have recently bought and sold shares of OGE. V Square Quantitative Management LLC bought a new stake in shares of OGE Energy in the 3rd quarter worth $30,000. Kimelman & Baird LLC purchased a new position in OGE Energy in the 2nd quarter worth about $38,000. Allspring Global Investments Holdings LLC lifted its stake in OGE Energy by 23.1% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,483 shares of the utilities provider’s stock valued at $53,000 after acquiring an additional 278 shares during the period. Fortitude Family Office LLC purchased a new stake in shares of OGE Energy during the 3rd quarter valued at about $63,000. Finally, Signaturefd LLC grew its stake in shares of OGE Energy by 21.6% in the second quarter. Signaturefd LLC now owns 2,541 shares of the utilities provider’s stock worth $91,000 after acquiring an additional 452 shares during the period. Institutional investors own 71.84% of the company’s stock.

OGE Energy Trading Down 0.3 %

NYSE:OGE opened at $41.37 on Friday. The firm’s 50 day moving average is $42.00 and its 200 day moving average is $39.68. OGE Energy has a 12 month low of $32.06 and a 12 month high of $44.41. The stock has a market capitalization of $8.31 billion, a PE ratio of 21.44, a price-to-earnings-growth ratio of 3.80 and a beta of 0.77. The company has a current ratio of 0.86, a quick ratio of 0.51 and a debt-to-equity ratio of 1.09.

OGE Energy (NYSE:OGE) last released its quarterly earnings data on Tuesday, November 5th. The utilities provider reported $1.09 EPS for the quarter, missing the consensus estimate of $1.12 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 $965.40 million for the quarter, compared to analysts’ expectations of $1.02 billion. During the same period last year, the company earned $1.20 earnings per share. OGE Energy’s revenue for the quarter was up 2.1% compared to the same quarter last year. Sell-side analysts expect that OGE Energy will post 2.14 earnings per share for the current year.

OGE Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Monday, January 6th will be given a dividend of $0.4213 per share. This represents a $1.69 annualized dividend and a dividend yield of 4.07%. The ex-dividend date of this dividend is Monday, January 6th. OGE Energy’s dividend payout ratio is currently 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.