OGE Energy Corp. (NYSE:OGE) Receives Consensus Rating of "Hold" from Brokerages

Shares of OGE Energy Corp. (NYSE:OGE - Get Free Report) have been given a consensus recommendation of "Hold" by the five brokerages that are covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $40.50.

A number of equities research analysts have recently commented on OGE shares. Jefferies Financial Group initiated coverage on shares of OGE Energy in a report on Thursday, September 19th. They set a "buy" rating and a $46.00 price target on the stock. Barclays increased 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 Down 0.2 %

OGE stock traded down $0.07 on Friday, reaching $41.30. 423,997 shares of the company traded hands, compared to its average volume of 1,267,433. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.86 and a quick ratio of 0.51. The firm has a fifty day simple moving average of $42.02 and a 200-day simple moving average of $39.69. OGE Energy has a one year low of $32.06 and a one year high of $44.41. The company has a market cap of $8.30 billion, a P/E ratio of 21.40, a price-to-earnings-growth ratio of 3.80 and a beta of 0.77.

OGE Energy (NYSE:OGE - Get Free Report) last posted its quarterly earnings results on Tuesday, November 5th. The utilities provider reported $1.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.12 by ($0.03). OGE Energy had a return on equity of 8.59% and a net margin of 13.89%. The company had revenue of $965.40 million during the quarter, compared to analysts' expectations of $1.02 billion. During the same period in the prior year, the firm earned $1.20 EPS. OGE Energy's revenue for the quarter was up 2.1% compared to the same quarter last year. Research analysts anticipate that OGE Energy will post 2.14 earnings per share for the current year.

OGE Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Monday, January 6th will be issued a $0.4213 dividend. This represents a $1.69 annualized dividend and a yield of 4.08%. The ex-dividend date of this dividend is Monday, January 6th. OGE Energy's dividend payout ratio is currently 87.05%.

Insiders Place Their Bets

In other news, VP Cristina F. Mcquistion sold 5,008 shares of the company's stock in a transaction dated 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 owns 20,918 shares of the company's stock, valued at $896,127.12. This represents a 19.32 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.53% of the stock is currently owned by insiders.

Institutional Trading of OGE Energy

Several large investors have recently added to or reduced their stakes in OGE. Raymond James Trust N.A. grew its holdings in OGE Energy by 5.3% during the second quarter. Raymond James Trust N.A. now owns 6,970 shares of the utilities provider's stock valued at $249,000 after purchasing an additional 352 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in OGE Energy by 23.1% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,483 shares of the utilities provider's stock worth $53,000 after acquiring an additional 278 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in OGE Energy by 3.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 42,395 shares of the utilities provider's stock worth $1,514,000 after acquiring an additional 1,358 shares during the period. Signaturefd LLC lifted its holdings in OGE Energy by 21.6% during the second quarter. Signaturefd LLC now owns 2,541 shares of the utilities provider's stock valued at $91,000 after purchasing an additional 452 shares in the last quarter. Finally, VAUGHAN & Co SECURITIES INC. boosted its position in shares of OGE Energy by 11.2% in the second quarter. VAUGHAN & Co SECURITIES INC. now owns 18,071 shares of the utilities provider's stock worth $645,000 after purchasing an additional 1,827 shares during the period. 71.84% of the stock is currently owned by institutional investors.

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.