OGE Energy (NYSE:OGE) Announces Quarterly Earnings Results

OGE Energy (NYSE:OGE) announced its quarterly earnings data on Wednesday. The utilities provider reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.03, Briefing.com reports. The firm had revenue of $760.50 million for the quarter, compared to analyst estimates of $750.80 million. OGE Energy had a net margin of 13.89% and a return on equity of 8.59%. The business’s quarterly revenue was up 34.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.24 earnings per share. OGE Energy updated its FY 2025 guidance to 2.210-2.330 EPS and its FY25 guidance to $2.21-$2.33 EPS.

OGE Energy Stock Up 0.5 %

Shares of NYSE OGE traded up $0.22 during trading on Wednesday, hitting $44.08. The stock had a trading volume of 1,782,451 shares, compared to its average volume of 860,749. 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 firm has a fifty day moving average of $41.93 and a two-hundred day moving average of $41.24. OGE Energy has a 12 month low of $32.37 and a 12 month high of $44.72. The company has a market capitalization of $8.86 billion, a PE ratio of 22.84, a PEG ratio of 3.25 and a beta of 0.78.

OGE Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, April 7th will be issued a dividend of $0.4213 per share. This represents a $1.69 dividend on an annualized basis and a yield of 3.82%. OGE Energy’s dividend payout ratio is 87.05%.

Analysts Set New Price Targets

Several research analysts have issued reports on OGE shares. Barclays cut their price target on OGE Energy from $43.00 to $42.00 and set an “equal weight” rating on the stock in a report on Friday, January 24th. Evercore ISI upgraded OGE Energy from an “in-line” rating to an “outperform” rating and increased their target price for the stock from $40.00 to $47.00 in a report on Tuesday, January 21st. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, OGE Energy currently has an average rating of “Hold” and an average target price 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.