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

OGE Energy Corp. (NYSE:OGE) has been assigned a consensus rating of “Hold” from the four research firms that are currently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $42.67.

OGE has been the subject of several recent research reports. Evercore ISI upgraded shares of OGE Energy from an “in-line” rating to an “outperform” rating and boosted their target price for the company from $40.00 to $47.00 in a research note on Tuesday. Barclays lifted their target price on OGE Energy from $39.00 to $42.00 and gave the company an “equal weight” rating in a research note on Monday, October 21st.

OGE Energy Stock Performance

OGE Energy stock opened at $42.61 on Tuesday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.51 and a current ratio of 0.86. OGE Energy has a one year low of $32.06 and a one year high of $44.41. The stock’s 50 day moving average price is $42.07 and its 200 day moving average price is $40.44. The firm has a market capitalization of $8.56 billion, a PE ratio of 22.08, a price-to-earnings-growth ratio of 3.64 and a beta of 0.77.

OGE Energy (NYSE:OGE) last announced its earnings results on Tuesday, November 5th. The utilities provider reported $1.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.03). OGE Energy had a return on equity of 8.59% and a net margin of 13.89%. The business had revenue of $965.40 million for the quarter, compared to analysts’ expectations of $1.02 billion. During the same period in the previous year, the firm posted $1.20 earnings per share. The firm’s revenue was up 2.1% compared to the same quarter last year. As a group, sell-side analysts expect that OGE Energy will post 2.16 EPS for the current fiscal year.

OGE Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Monday, January 6th will be given a $0.4213 dividend. This represents a $1.69 dividend on an annualized basis and a dividend yield of 3.95%. The ex-dividend date is Monday, January 6th. OGE Energy’s dividend payout ratio (DPR) is 87.05%.

Insider Transactions at OGE Energy

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

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of OGE. B. Riley Wealth Advisors Inc. boosted its position in shares of OGE Energy by 3.1% during the second quarter. B. Riley Wealth Advisors Inc. now owns 9,579 shares of the utilities provider’s stock worth $342,000 after buying an additional 290 shares during the period. Centennial Wealth Advisory LLC boosted its position in OGE Energy by 3.8% during the 3rd quarter. Centennial Wealth Advisory LLC now owns 8,120 shares of the utilities provider’s stock worth $333,000 after acquiring an additional 300 shares during the last quarter. UMB Bank n.a. grew its stake in shares of OGE Energy by 5.3% during the 3rd quarter. UMB Bank n.a. now owns 7,694 shares of the utilities provider’s stock worth $316,000 after acquiring an additional 390 shares in the last quarter. US Bancorp DE lifted its position in shares of OGE Energy by 1.8% in the third quarter. US Bancorp DE now owns 24,335 shares of the utilities provider’s stock worth $998,000 after purchasing an additional 419 shares in the last quarter. Finally, JBR Co Financial Management Inc boosted its holdings in OGE Energy by 0.7% during the third quarter. JBR Co Financial Management Inc now owns 73,545 shares of the utilities provider’s stock worth $3,017,000 after purchasing an additional 525 shares during the last quarter. Institutional investors and hedge funds 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.