Analysts expect OGE Energy Corp. (NYSE:OGE) to post earnings of $0.17 per share for the current quarter, Zacks reports. Zero analysts have issued estimates for OGE Energy Corp.’s earnings, with the highest EPS estimate coming in at $0.18 and the lowest estimate coming in at $0.15. OGE Energy Corp. posted earnings of $0.13 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 30.8%. The company is expected to announce its next earnings report on Thursday, May 4th.
On average, analysts expect that OGE Energy Corp. will report full year earnings of $1.96 per share for the current fiscal year, with EPS estimates ranging from $1.95 to $1.97. For the next year, analysts forecast that the business will post earnings of $2.04 per share, with EPS estimates ranging from $2.00 to $2.11. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for OGE Energy Corp..
OGE Energy Corp. (NYSE:OGE) last issued its quarterly earnings data on Thursday, February 23rd. The utilities provider reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by $0.07. The firm earned $530.80 million during the quarter, compared to analyst estimates of $557 million. OGE Energy Corp. had a return on equity of 9.25% and a net margin of 14.24%. The company’s revenue was up 18.7% on a year-over-year basis. During the same quarter last year, the company posted $0.15 EPS.
A number of equities research analysts have recently weighed in on OGE shares. Zacks Investment Research lowered shares of OGE Energy Corp. from a “buy” rating to a “hold” rating in a report on Thursday, March 23rd. Barclays PLC raised their price objective on shares of OGE Energy Corp. from $34.00 to $36.00 and gave the company a “hold” rating in a report on Friday, January 20th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. OGE Energy Corp. has a consensus rating of “Hold” and a consensus price target of $33.50.
Shares of OGE Energy Corp. (NYSE:OGE) traded up 0.31% on Friday, hitting $35.27. 916,263 shares of the company’s stock were exchanged. OGE Energy Corp. has a 12-month low of $27.99 and a 12-month high of $37.40. The company’s 50-day moving average price is $35.54 and its 200 day moving average price is $33.46. The stock has a market cap of $7.04 billion, a price-to-earnings ratio of 20.87 and a beta of 0.70.
The business also recently declared a quarterly dividend, which will be paid on Friday, April 28th. Investors of record on Monday, April 10th will be paid a dividend of $0.3025 per share. The ex-dividend date of this dividend is Thursday, April 6th. This represents a $1.21 annualized dividend and a yield of 3.43%. OGE Energy Corp.’s dividend payout ratio is currently 78.07%.
In related news, VP Cristina F. Mcquistion sold 1,013 shares of OGE Energy Corp. stock in a transaction on Tuesday, March 7th. The shares were sold at an average price of $36.75, for a total transaction of $37,227.75. Following the sale, the vice president now directly owns 10,777 shares in the company, valued at approximately $396,054.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.75% of the stock is owned by company insiders.
A number of large investors have recently made changes to their positions in OGE. Mercer Capital Advisers Inc. raised its stake in shares of OGE Energy Corp. by 0.7% in the third quarter. Mercer Capital Advisers Inc. now owns 6,913 shares of the utilities provider’s stock valued at $219,000 after buying an additional 46 shares in the last quarter. Advantus Capital Management Inc raised its stake in shares of OGE Energy Corp. by 0.5% in the third quarter. Advantus Capital Management Inc now owns 24,306 shares of the utilities provider’s stock valued at $769,000 after buying an additional 120 shares in the last quarter. Mn Services Vermogensbeheer B.V. raised its stake in shares of OGE Energy Corp. by 3.5% in the third quarter. Mn Services Vermogensbeheer B.V. now owns 5,119 shares of the utilities provider’s stock valued at $162,000 after buying an additional 171 shares in the last quarter. Orleans Capital Management Corp LA raised its stake in shares of OGE Energy Corp. by 0.6% in the third quarter. Orleans Capital Management Corp LA now owns 41,611 shares of the utilities provider’s stock valued at $1,316,000 after buying an additional 250 shares in the last quarter. Finally, Gulf International Bank UK Ltd raised its stake in shares of OGE Energy Corp. by 0.4% in the first quarter. Gulf International Bank UK Ltd now owns 70,994 shares of the utilities provider’s stock valued at $2,483,000 after buying an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 64.13% of the company’s stock.
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OGE Energy Corp. Company Profile
OGE Energy Corp. (OGE Energy) is an energy and energy services provider offering physical delivery and related services for both electricity and natural gas primarily in the south central United States. The Company operates through two segments: electric utility and natural gas midstream operations. The electric utility segment generates, transmits, distributes and sells electric energy in Oklahoma and western Arkansas.
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