OGE Energy (OGE) Stock Price, News & Analysis

Company Overview

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. OGE Energy Corp. was founded in 1902 and is headquartered in Oklahoma City, Oklahoma.

Key Stats

• Today's Range: $40.68 to $41.41
• 50-Day Range: $39.66 to $44.08
• 52-Week Range: $32.06 to $44.41
• Volume: 4.31 million shs
• Average Volume: 1.28 million shs
• Market Capitalization: $8.24 billion
• P/E Ratio: 21.25
• Dividend Yield: 4.10%
• Price Target: $40.50
• Consensus Rating: Hold

OGE Energy Stock Analysis - MarketRank™

OGE Energy scored higher than 75% of companies evaluated by MarketBeat, and ranked 44th out of 91 stocks in the utilities sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.1 / 5
• Analyst Rating: Hold

Consensus Rating

OGE Energy has received a consensus rating of Hold. The company's average rating score is 2.20, and is based on 1 buy rating, 4 hold ratings, and no sell ratings.

Amount of Analyst Coverage

OGE Energy has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 5.61%

Earnings Growth

Earnings for OGE Energy are expected to grow by 5.61% in the coming year, from $2.14 to $2.26 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of OGE Energy is 21.25, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.36.

Price to Earnings Ratio vs. Sector

The P/E ratio of OGE Energy is 21.25, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 95.36.

Price to Earnings Growth Ratio

OGE Energy has a PEG Ratio of 3.80. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

OGE Energy has a P/B Ratio of 1.82. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.88% of the float of OGE Energy has been sold short.

Short Interest Ratio / Days to Cover

OGE Energy has a short interest ratio ("days to cover") of 3.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in OGE Energy has recently decreased by 6.22%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Leadership

OGE Energy is a leading dividend payer. It pays a dividend yield of 4.11%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

OGE Energy does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of OGE Energy is 87.05%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on earnings estimates, OGE Energy will have a dividend payout ratio of 74.34% next year. This indicates that OGE Energy will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 1.1 / 5
• Environmental Score: -5.64

Percentage of Shares Shorted

1.88% of the float of OGE Energy has been sold short.

Short Interest Ratio / Days to Cover

OGE Energy has a short interest ratio ("days to cover") of 3.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in OGE Energy has recently decreased by 6.22%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.6 / 5
• News Sentiment: 1.60

News Sentiment

OGE Energy has a news sentiment score of 1.60. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.65 average news sentiment score of Utilities companies.

News Coverage This Week

MarketBeat has tracked 5 news articles for OGE Energy this week, compared to 7 articles on an average week.

Search Interest

Only 1 people have searched for OGE on MarketBeat in the last 30 days. This is a decrease of -80% compared to the previous 30 days.

MarketBeat Follows

Only 3 people have added OGE Energy to their MarketBeat watchlist in the last 30 days. This is a decrease of -89% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, OGE Energy insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $214,543.00 in company stock.

Percentage Held by Insiders

Only 0.53% of the stock of OGE Energy is held by insiders.

Percentage Held by Institutions

71.84% of the stock of OGE Energy is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

OGE Stock Analysis - Frequently Asked Questions

How have OGE shares performed this year?

OGE Energy's stock was trading at $34.93 at the beginning of the year. Since then, OGE shares have increased by 17.4% and is now trading at $41.01.
View the best growth stocks for 2024 here.

How were OGE Energy's earnings last quarter?

OGE Energy Corp. (NYSE:OGE) released its quarterly earnings data 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. The business's revenue was up 2.1% on a year-over-year basis.

Who are OGE Energy's major shareholders?

Top institutional shareholders of OGE Energy include State Street Corp (3.40%), Geode Capital Management LLC (1.67%), Thompson Siegel & Walmsley LLC (1.35%) and Duff & Phelps Investment Management Co. (0.93%). Insiders that own company stock include Cristina F Mcquistion, David E Rainbolt, David L Hauser, Cathy R Gates and Patricia D Horn.
View institutional ownership trends.

How do I buy shares of OGE Energy?

Shares of OGE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of OGE Energy own?

Based on aggregate information from My MarketBeat watchlists, some other companies that OGE Energy investors own include Waste Connections (WCN), The RMR Group (RMR), iShares Micro-Cap ETF (IWC), DiamondRock Hospitality (DRH), American Water Works (AWK), AUO (AUOTY) and Triple Flag Precious Metals (TFPM).

Company Calendar

• Ex-Dividend for 10/25 Dividend: 10/07/2024
• Dividend Payable: 10/25/2024
• Last Earnings: 11/05/2024
• Today: 12/22/2024
• Fiscal Year End: 12/31/2024
• Ex-Dividend for 1/31 Dividend: 1/06/2025
• Dividend Payable: 1/31/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Utilities
• Industry: Electric services
• Sub-Industry: Electric Utilities
• Current Symbol: NYSE:OGE
• CUSIP: 67083710
• CIK: 1021635
• Web: www.oge.com
• Phone: (405) 553-3000
• Fax: 405-553-3760
• Employees: 2,329
• Year Founded: 1902

Price Target and Rating

• Average Stock Price Target: $40.50
• High Stock Price Target: $46.00
• Low Stock Price Target: $34.00
• Potential Upside/Downside: -1.2%
• Consensus Rating: Hold
• Rating Score (0-4): 2.20
• Research Coverage: 5 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $1.93
• Trailing P/E Ratio: 21.25
• Forward P/E Ratio: 19.16
• P/E Growth: 3.8
• Net Income: $416.80 million
• Net Margins: 13.89%
• Pretax Margin: 15.97%
• Return on Equity: 8.59%
• Return on Assets: 2.96%

Debt

• Debt-to-Equity Ratio: 1.09
• Current Ratio: 0.86
• Quick Ratio: 0.51

Sales & Book Value

• Annual Sales: $2.79 billion
• Price / Sales: 2.95
• Cash Flow: $4.50 per share
• Price / Cash Flow: 9.12
• Book Value: $22.53 per share
• Price / Book: 1.82

Miscellaneous

• Outstanding Shares: 200,948,000
• Free Float: 199,883,000
• Market Cap: $8.24 billion
• Optionable: Optionable
• Beta: 0.77