OGE Energy Corp. (NYSE:OGE) Receives Consensus Rating of “Hold” from Analysts

Shares of OGE Energy Corp. (NYSE:OGE) have earned a consensus rating of “Hold” from the five analysts that are currently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $45.67.

OGE has been the subject of several research reports. Barclays increased their target price on OGE Energy from $42.00 to $44.00 and gave the company an “equal weight” rating in a report on Tuesday, February 25th. Evercore ISI raised OGE Energy from an “in-line” rating to an “outperform” rating and increased their price objective for the company from $40.00 to $47.00 in a research note on Tuesday, January 21st. Finally, LADENBURG THALM/SH SH raised shares of OGE Energy to a “hold” rating in a research note on Monday.

OGE Energy Stock Performance

Shares of OGE stock opened at $44.78 on Wednesday. The company has a current ratio of 0.73, a quick ratio of 0.51 and a debt-to-equity ratio of 1.08. OGE Energy has a 12-month low of $32.37 and a 12-month high of $46.54. The company has a market cap of $9.01 billion, a price-to-earnings ratio of 20.35, a price-to-earnings-growth ratio of 3.30 and a beta of 0.70. The stock has a 50 day simple moving average of $43.37 and a 200-day simple moving average of $42.05.

OGE Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, April 7th will be paid a dividend of $0.4213 per share. The ex-dividend date is Monday, April 7th. This represents a $1.69 dividend on an annualized basis and a yield of 3.76%. OGE Energy’s payout ratio is currently 76.36%.

Institutional Trading of OGE Energy

Large investors have recently added to or reduced their stakes in the business. Headlands Technologies LLC purchased a new stake in OGE Energy in the 4th quarter worth approximately $27,000. Bessemer Group Inc. boosted its position in shares of OGE Energy by 102.0% in the fourth quarter. Bessemer Group Inc. now owns 715 shares of the utilities provider’s stock valued at $30,000 after acquiring an additional 361 shares during the period. Stonebridge Financial Group LLC bought a new position in shares of OGE Energy during the 4th quarter worth about $35,000. Principal Securities Inc. lifted its position in shares of OGE Energy by 204.7% in the 4th quarter. Principal Securities Inc. now owns 981 shares of the utilities provider’s stock worth $40,000 after acquiring an additional 659 shares during the period. Finally, BankPlus Trust Department bought a new position in OGE Energy in the fourth quarter worth $44,000. 71.84% of the stock is currently owned by institutional investors.

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.