OGE Energy Corp. (NYSE:OGE) Receives Consensus Rating of “Moderate Buy” from Brokerages

OGE Energy Corp. (NYSE:OGE) has been given an average rating of “Moderate Buy” by the four analysts that are presently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $45.00.

OGE has been the subject of a number of research reports. Barclays lowered their price target on shares of OGE Energy from $43.00 to $42.00 and set an “equal weight” rating for the company in a report on Friday, January 24th. Evercore ISI raised shares of OGE Energy from an “in-line” rating to an “outperform” rating and raised their price target for the stock from $40.00 to $47.00 in a research note on Tuesday, January 21st.

OGE Energy Stock Performance

Shares of NYSE:OGE opened at $43.54 on Friday. The stock has a market capitalization of $8.75 billion, a price-to-earnings ratio of 22.56, a price-to-earnings-growth ratio of 3.18 and a beta of 0.78. The business’s fifty day moving average price is $41.90 and its two-hundred day moving average price is $41.18. OGE Energy has a fifty-two week low of $32.37 and a fifty-two week high of $44.41. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.86 and a quick ratio of 0.51.

OGE Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Monday, January 6th were issued a dividend of $0.4213 per share. The ex-dividend date was Monday, January 6th. This represents a $1.69 annualized dividend and a yield of 3.87%. OGE Energy’s dividend payout ratio (DPR) is currently 87.05%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Quadrant Capital Group LLC boosted its stake in shares of OGE Energy by 5.2% during the 4th quarter. Quadrant Capital Group LLC now owns 4,825 shares of the utilities provider’s stock valued at $199,000 after purchasing an additional 239 shares in the last quarter. Mather Group LLC. grew its holdings in OGE Energy by 20.9% in the fourth quarter. Mather Group LLC. now owns 1,616 shares of the utilities provider’s stock worth $67,000 after purchasing an additional 279 shares during the period. CIBC Asset Management Inc increased its stake in shares of OGE Energy by 5.1% during the fourth quarter. CIBC Asset Management Inc now owns 6,038 shares of the utilities provider’s stock valued at $249,000 after purchasing an additional 295 shares in the last quarter. Centennial Wealth Advisory LLC lifted its holdings in shares of OGE Energy by 3.8% during the third quarter. Centennial Wealth Advisory LLC now owns 8,120 shares of the utilities provider’s stock valued at $333,000 after purchasing an additional 300 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV boosted its position in shares of OGE Energy by 1.3% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 28,157 shares of the utilities provider’s stock worth $1,161,000 after purchasing an additional 354 shares in the last quarter. Hedge funds and other institutional investors own 71.84% of the company’s stock.

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.