OGE Energy Corp. (NYSE:OGE - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $39.94 and traded as high as $41.77. OGE Energy shares last traded at $41.59, with a volume of 809,237 shares changing hands.
Analyst Upgrades and Downgrades
A number of brokerages have commented on OGE. Barclays upped their price target on OGE Energy from $39.00 to $42.00 and gave the stock an "equal weight" rating in a research report on Monday, October 21st. Jefferies Financial Group began coverage on shares of OGE Energy in a research note on Thursday, September 19th. They set a "buy" rating and a $46.00 target price on the stock. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, OGE Energy has an average rating of "Hold" and a consensus target price of $40.50.
Read Our Latest Stock Report on OGE
OGE Energy Price Performance
The firm has a 50-day moving average of $42.07 and a 200-day moving average of $39.97. The stock has a market cap of $8.36 billion, a PE ratio of 21.55, a PEG ratio of 3.80 and a beta of 0.77. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.86 and a quick ratio of 0.51.
OGE Energy (NYSE:OGE - Get Free Report) last issued its earnings results on Tuesday, November 5th. The utilities provider reported $1.09 earnings per share for the quarter, missing analysts' consensus estimates of $1.12 by ($0.03). The company had revenue of $965.40 million for the quarter, compared to the consensus estimate of $1.02 billion. OGE Energy had a return on equity of 8.59% and a net margin of 13.89%. OGE Energy's revenue was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.20 EPS. Research analysts predict that OGE Energy Corp. will post 2.14 EPS for the current year.
OGE Energy Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Monday, January 6th will be given a $0.4213 dividend. The ex-dividend date of this dividend is Monday, January 6th. This represents a $1.69 dividend on an annualized basis and a dividend yield of 4.05%. OGE Energy's dividend payout ratio is currently 87.05%.
Insider Activity at OGE Energy
In other OGE Energy news, VP Cristina F. Mcquistion sold 5,008 shares of OGE Energy stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $42.84, for a total value of $214,542.72. Following the completion of the transaction, the vice president now directly owns 20,918 shares of the company's stock, valued at $896,127.12. This trade represents a 19.32 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.53% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in OGE. Allspring Global Investments Holdings LLC raised its stake in shares of OGE Energy by 23.1% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,483 shares of the utilities provider's stock valued at $53,000 after acquiring an additional 278 shares during the period. B. Riley Wealth Advisors Inc. grew its holdings in OGE Energy by 3.1% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 9,579 shares of the utilities provider's stock valued at $342,000 after purchasing an additional 290 shares during the last quarter. Centennial Wealth Advisory LLC raised its position in OGE Energy by 3.8% in the 3rd quarter. Centennial Wealth Advisory LLC now owns 8,120 shares of the utilities provider's stock worth $333,000 after purchasing an additional 300 shares during the period. UMB Bank n.a. lifted its stake in OGE Energy by 5.3% in the third quarter. UMB Bank n.a. now owns 7,694 shares of the utilities provider's stock worth $316,000 after purchasing an additional 390 shares during the last quarter. Finally, US Bancorp DE boosted its position in shares of OGE Energy by 1.8% during the third quarter. US Bancorp DE now owns 24,335 shares of the utilities provider's stock valued at $998,000 after buying an additional 419 shares during the period. Institutional investors own 71.84% of the company's stock.
About OGE Energy
(
Get Free Report)
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.
Further Reading
Before you consider OGE Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and OGE Energy wasn't on the list.
While OGE Energy currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
