Analysts Set OGE Energy Corp. (NYSE:OGE) PT at $40.25

OGE Energy Corp. (NYSE:OGE – Get Rating) has earned a consensus rating of “Hold” from the six analysts that are covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $40.25.

A number of research firms recently commented on OGE. Mizuho decreased their price objective on OGE Energy from $42.00 to $38.00 and set a “neutral” rating on the stock in a report on Tuesday, June 14th. Credit Suisse Group began coverage on OGE Energy in a research note on Monday, April 25th. They set a “neutral” rating and a $42.00 price target on the stock. StockNews.com began coverage on OGE Energy in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Finally, Barclays upped their price target on OGE Energy from $36.00 to $41.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 31st.

In other news, VP Patricia D. Horn sold 4,015 shares of OGE Energy stock in a transaction that occurred on Monday, March 28th. The shares were sold at an average price of $39.95, for a total transaction of $160,399.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 12.90% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently modified their holdings of OGE. James Reed Financial Services Inc. purchased a new stake in OGE Energy in the 4th quarter worth approximately $25,000. Johnson Financial Group Inc. lifted its holdings in shares of OGE Energy by 2,083.3% during the 4th quarter. Johnson Financial Group Inc. now owns 655 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 625 shares in the last quarter. IFP Advisors Inc acquired a new position in shares of OGE Energy during the 4th quarter valued at $31,000. Moors & Cabot Inc. acquired a new position in shares of OGE Energy during the 3rd quarter valued at $32,000. Finally, Stonebridge Capital Advisors LLC acquired a new position in OGE Energy in the 3rd quarter worth $33,000. 65.01% of the stock is owned by institutional investors and hedge funds.

OGE opened at $35.93 on Thursday. The company has a market cap of $7.19 billion, a PE ratio of 7.49, a price-to-earnings-growth ratio of 4.69 and a beta of 0.66. The company has a quick ratio of 0.35, a current ratio of 0.49 and a debt-to-equity ratio of 1.05. OGE Energy has a twelve month low of $32.49 and a twelve month high of $42.74. The company has a 50-day moving average price of $39.62 and a 200 day moving average price of $38.59.

OGE Energy (NYSE:OGE – Get Rating) last issued its earnings results on Thursday, May 5th. The utilities provider reported $1.39 earnings per share for the quarter. The business had revenue of $589.30 million for the quarter, compared to analysts’ expectations of $921.30 million. OGE Energy had a return on equity of 17.73% and a net margin of 36.90%. The business’s revenue for the quarter was down 63.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.26 EPS. As a group, sell-side analysts expect that OGE Energy will post 2.15 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 29th. Investors of record on Monday, July 11th will be given a $0.41 dividend. The ex-dividend date is Friday, July 8th. This represents a $1.64 dividend on an annualized basis and a yield of 4.56%. OGE Energy’s payout ratio is currently 34.17%.

OGE Energy Company Profile (Get Rating)

OGE Energy Corp., together with its subsidiaries, operates as an energy and energy services provider that offers physical delivery and related services for electricity, natural gas, crude oil, and natural gas liquids in the United States. The company generates, transmits, distributes, and sells electric energy.

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