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

Shares of OGE Energy Corp. (NYSE:OGE - Get Free Report) have been assigned an average recommendation of "Hold" from the six analysts that are currently covering the company, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $39.40.

Several research analysts have recently issued reports on the company. Jefferies Financial Group started coverage on OGE Energy in a research note on Thursday, September 19th. They set a "buy" rating and a $46.00 price target for the company. Barclays upped their price target on shares of OGE Energy from $39.00 to $42.00 and gave the stock an "equal weight" rating in a research report on Monday, October 21st. Finally, Evercore ISI increased their price objective on shares of OGE Energy from $36.00 to $40.00 and gave the stock an "in-line" rating in a research note on Thursday, August 8th.

OGE Energy Trading Down 0.1 %

OGE Energy stock traded down $0.05 during mid-day trading on Thursday, hitting $42.14. The company's stock had a trading volume of 1,671,182 shares, compared to its average volume of 1,295,717. The stock has a market cap of $8.46 billion, a price-to-earnings ratio of 21.83, a price-to-earnings-growth ratio of 3.55 and a beta of 0.74. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.71 and a quick ratio of 0.36. OGE Energy has a 12 month low of $32.06 and a 12 month high of $42.50. The business has a 50 day moving average price of $40.46 and a 200-day moving average price of $38.01.

OGE Energy (NYSE:OGE - Get Free Report) last issued 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 firm had revenue of $965.40 million during the quarter, compared to analysts' expectations of $1.02 billion. OGE Energy had a return on equity of 9.15% and a net margin of 14.83%. The firm's quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.20 EPS. As a group, analysts forecast that OGE Energy will post 2.14 EPS for the current year.

OGE Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Monday, October 7th were issued a $0.4213 dividend. The ex-dividend date was Monday, October 7th. This represents a $1.69 dividend on an annualized basis and a dividend yield of 4.00%. This is a boost from OGE Energy's previous quarterly dividend of $0.42. OGE Energy's dividend payout ratio is currently 87.05%.

Institutional Investors Weigh In On OGE Energy

A number of institutional investors have recently added to or reduced their stakes in the company. Texas Permanent School Fund Corp increased its holdings in shares of OGE Energy by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 175,289 shares of the utilities provider's stock worth $6,012,000 after buying an additional 2,269 shares in the last quarter. Duality Advisers LP boosted its stake in shares of OGE Energy by 53.1% in the 1st quarter. Duality Advisers LP now owns 119,914 shares of the utilities provider's stock valued at $4,113,000 after purchasing an additional 41,584 shares during the last quarter. Quantbot Technologies LP acquired a new position in OGE Energy during the first quarter worth $849,000. SG Americas Securities LLC increased its holdings in OGE Energy by 2,815.6% during the first quarter. SG Americas Securities LLC now owns 121,115 shares of the utilities provider's stock worth $4,154,000 after buying an additional 116,961 shares during the last quarter. Finally, Tectonic Advisors LLC boosted its position in shares of OGE Energy by 15.0% in the first quarter. Tectonic Advisors LLC now owns 12,210 shares of the utilities provider's stock valued at $419,000 after acquiring an additional 1,594 shares during the period. 71.84% of the stock is currently owned by institutional investors and hedge funds.

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.