OGE Energy Corp. (NYSE:OGE) – Analysts at KeyCorp decreased their FY2017 EPS estimates for OGE Energy Corp. in a research note issued on Tuesday, according to Zacks Investment Research. KeyCorp analyst P. Ridzon now anticipates that the utilities provider will post earnings per share of $1.95 for the year, down from their prior forecast of $2.00.
A number of other research analysts have also recently commented on OGE. Barclays PLC increased their price target on shares of OGE Energy Corp. from $34.00 to $36.00 and gave the company a “hold” rating in a research report on Friday, January 20th. Zacks Investment Research cut shares of OGE Energy Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, January 3rd. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $33.50.
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OGE Energy Corp. (NYSE:OGE) traded up 1.21% during trading on Thursday, reaching $35.16. 1,045,309 shares of the company were exchanged. The firm’s 50 day moving average price is $35.63 and its 200-day moving average price is $33.35. The stock has a market capitalization of $7.02 billion, a price-to-earnings ratio of 20.80 and a beta of 0.70. OGE Energy Corp. has a one year low of $27.35 and a one year high of $37.40.
OGE Energy Corp. (NYSE:OGE) last released its quarterly earnings results on Thursday, February 23rd. The utilities provider reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by $0.07. OGE Energy Corp. had a return on equity of 9.25% and a net margin of 14.24%. The business had revenue of $530.80 million for the quarter, compared to the consensus estimate of $557 million. During the same period in the prior year, the business posted $0.15 earnings per share. OGE Energy Corp.’s revenue was up 18.7% compared to the same quarter last year.
Several hedge funds have recently added to or reduced their stakes in the stock. Strs Ohio bought a new stake in OGE Energy Corp. during the third quarter worth $109,000. Mercer Capital Advisers Inc. raised its stake in 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 worth $219,000 after buying an additional 46 shares during the period. Miller Howard Investments Inc. NY raised its stake in OGE Energy Corp. by 43.4% in the third quarter. Miller Howard Investments Inc. NY now owns 355,928 shares of the utilities provider’s stock worth $11,254,000 after buying an additional 107,679 shares during the period. John G Ullman & Associates Inc. raised its stake in OGE Energy Corp. by 15.8% in the third quarter. John G Ullman & Associates Inc. now owns 187,685 shares of the utilities provider’s stock worth $5,935,000 after buying an additional 25,600 shares during the period. Finally, Acadian Asset Management LLC bought a new stake in OGE Energy Corp. during the third quarter worth $616,000. 64.13% of the stock is owned by hedge funds and other institutional investors.
In other news, VP Cristina F. Mcquistion sold 1,013 shares of the stock in a transaction that occurred on Tuesday, March 7th. The stock was sold at an average price of $36.75, for a total transaction of $37,227.75. Following the completion of the sale, the vice president now owns 10,777 shares of the company’s stock, valued at $396,054.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.75% of the company’s stock.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 28th. Stockholders of record on Monday, April 10th will be paid a dividend of $0.3025 per share. This represents a $1.21 dividend on an annualized basis and a dividend yield of 3.44%. The ex-dividend date of this dividend is Thursday, April 6th. OGE Energy Corp.’s dividend payout ratio (DPR) is presently 78.07%.
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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