OGE Energy (NYSE:OGE) Posts Quarterly Earnings Results, Beats Expectations By $0.03 EPS

OGE Energy (NYSE:OGE - Get Free Report) posted its quarterly earnings results on Tuesday. The utilities provider reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.03, Briefing.com reports. OGE Energy had a net margin of 14.79% and a return on equity of 9.78%. The firm had revenue of $760.50 million during the quarter, compared to analysts' expectations of $750.80 million. During the same period in the prior year, the company posted $0.24 earnings per share. The firm's revenue for the quarter was up 34.2% on a year-over-year basis.

OGE Energy Price Performance

NYSE OGE traded up $0.89 during mid-day trading on Friday, hitting $45.19. The stock had a trading volume of 1,442,663 shares, compared to its average volume of 919,178. The company has a 50 day simple moving average of $42.12 and a 200 day simple moving average of $41.36. The company has a market cap of $9.08 billion, a price-to-earnings ratio of 20.54, a P/E/G ratio of 3.28 and a beta of 0.78. OGE Energy has a 52-week low of $32.37 and a 52-week high of $45.32. The company has a quick ratio of 0.51, a current ratio of 0.86 and a debt-to-equity ratio of 1.09.

OGE Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, April 7th will be issued a $0.4213 dividend. This represents a $1.69 dividend on an annualized basis and a dividend yield of 3.73%. The ex-dividend date of this dividend is Monday, April 7th. OGE Energy's dividend payout ratio is currently 76.36%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Evercore ISI raised OGE Energy from an "in-line" rating to an "outperform" rating and raised their price target for the company from $40.00 to $47.00 in a report on Tuesday, January 21st. Barclays reduced their target price on OGE Energy from $43.00 to $42.00 and set an "equal weight" rating for the company in a report on Friday, January 24th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, OGE Energy has an average rating of "Hold" and a consensus price target of $45.00.

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.