OGE Energy Corp. (NYSE:OGE - Free Report) - Stock analysts at Zacks Research upped their Q4 2024 earnings per share estimates for shares of OGE Energy in a research note issued on Thursday, December 19th. Zacks Research analyst R. Department now forecasts that the utilities provider will post earnings of $0.46 per share for the quarter, up from their previous estimate of $0.44. The consensus estimate for OGE Energy's current full-year earnings is $2.14 per share. Zacks Research also issued estimates for OGE Energy's FY2026 earnings at $2.40 EPS.
Several other research firms have also issued reports on OGE. Barclays boosted their target price 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 OGE Energy in a report on Thursday, September 19th. They issued a "buy" rating and a $46.00 price target for the company. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $40.50.
View Our Latest Stock Analysis on OGE Energy
OGE Energy Price Performance
Shares of OGE stock traded up $0.27 during trading hours on Monday, reaching $41.28. 930,200 shares of the company were exchanged, compared to its average volume of 1,278,212. The company has a market cap of $8.30 billion, a price-to-earnings ratio of 21.39, a P/E/G 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. The stock's fifty day moving average is $41.97 and its two-hundred day moving average is $39.62. OGE Energy has a fifty-two week low of $32.06 and a fifty-two week high of $44.41.
OGE Energy (NYSE:OGE - Get Free Report) last announced its quarterly earnings data 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 analyst estimates of $1.02 billion. During the same quarter in the previous year, the business posted $1.20 EPS. The company's revenue was up 2.1% on a year-over-year basis.
OGE Energy Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Monday, January 6th will be given a dividend of $0.4213 per share. This represents a $1.69 dividend on an annualized basis and a yield of 4.08%. The ex-dividend date of this dividend is Monday, January 6th. OGE Energy's dividend payout ratio is 87.05%.
Insider Transactions at OGE Energy
In other OGE Energy news, VP Cristina F. Mcquistion sold 5,008 shares of the business's stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $42.84, for a total transaction of $214,542.72. Following the sale, the vice president now owns 20,918 shares of the company's stock, valued at approximately $896,127.12. The trade was a 19.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.53% of the company's stock.
Institutional Trading of OGE Energy
A number of institutional investors and hedge funds have recently bought and sold shares of OGE. FMR LLC lifted its holdings in OGE Energy by 16.3% in the third quarter. FMR LLC now owns 558,967 shares of the utilities provider's stock valued at $22,929,000 after buying an additional 78,164 shares during the period. Navellier & Associates Inc. acquired a new position in OGE Energy in the third quarter valued at approximately $785,000. PEAK6 Investments LLC bought a new stake in OGE Energy in the third quarter valued at $783,000. BNP Paribas Financial Markets boosted its holdings in OGE Energy by 316.6% in the third quarter. BNP Paribas Financial Markets now owns 34,752 shares of the utilities provider's stock worth $1,426,000 after acquiring an additional 26,411 shares in the last quarter. Finally, Retirement Investment Advisors Inc. acquired a new position in shares of OGE Energy during the second quarter worth approximately $450,000. 71.84% of the stock is currently owned by institutional investors and hedge funds.
OGE Energy Company Profile
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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.
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