OGE Energy (NYSE:OGE) Issues FY 2024 Earnings Guidance

OGE Energy (NYSE:OGE) updated its FY 2024 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 2.060-2.180 for the period, compared to the consensus estimate of 2.120. The company issued revenue guidance of -. OGE Energy also updated its FY24 guidance to $2.06-2.18 EPS.

OGE Energy Stock Performance

NYSE OGE traded up $0.82 during trading hours on Wednesday, hitting $39.64. The company’s stock had a trading volume of 847,349 shares, compared to its average volume of 1,416,750. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.51 and a quick ratio of 0.23. The company has a market cap of $7.95 billion, a P/E ratio of 19.71, a price-to-earnings-growth ratio of 3.72 and a beta of 0.74. The company’s 50 day simple moving average is $36.39 and its two-hundred day simple moving average is $34.86. OGE Energy has a 12 month low of $31.25 and a 12 month high of $40.36.

OGE Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 26th. Investors of record on Monday, July 8th were given a dividend of $0.418 per share. The ex-dividend date was Monday, July 8th. This represents a $1.67 dividend on an annualized basis and a yield of 4.22%. OGE Energy’s dividend payout ratio (DPR) is 84.77%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on OGE. Argus downgraded shares of OGE Energy from a buy rating to a hold rating in a report on Thursday, May 23rd. Barclays upped their price objective on OGE Energy from $34.00 to $35.00 and gave the stock an equal weight rating in a research note on Tuesday, June 18th. Finally, StockNews.com raised OGE Energy from a sell rating to a hold rating in a research note on Tuesday, April 23rd. Six research analysts have rated the stock with a hold rating, According to MarketBeat.com, OGE Energy presently has a consensus rating of Hold and a consensus target price of $33.60.

OGE Energy Company Profile

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.