OGE Energy (NYSE:OGE) Coverage Initiated by Analysts at BMO Capital Markets

BMO Capital Markets started coverage on shares of OGE Energy (NYSE:OGE) in a research note published on Tuesday, MarketBeat Ratings reports. The brokerage issued a market perform rating and a $45.00 price objective on the utilities provider’s stock.

Several other equities analysts have also weighed in on OGE. Jefferies Financial Group increased their price objective on shares of OGE Energy from $52.00 to $55.00 and gave the company a “buy” rating in a report on Wednesday, October 22nd. Barclays lifted their price target on OGE Energy from $47.00 to $51.00 and gave the company an “overweight” rating in a research note on Tuesday, October 21st. Royal Bank Of Canada upgraded OGE Energy to a “hold” rating in a research note on Tuesday, October 28th. Mizuho upped their price objective on OGE Energy from $45.00 to $47.00 and gave the company a “neutral” rating in a research note on Wednesday, October 29th. Finally, Wall Street Zen cut shares of OGE Energy from a “hold” rating to a “sell” rating in a research note on Saturday, January 3rd. Five investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, OGE Energy presently has a consensus rating of “Hold” and an average price target of $48.00.

OGE Energy Stock Performance

OGE Energy stock traded up $0.41 on Tuesday, hitting $43.38. The company’s stock had a trading volume of 184,700 shares, compared to its average volume of 1,275,270. OGE Energy has a one year low of $40.80 and a one year high of $47.33. The company has a quick ratio of 0.52, a current ratio of 0.80 and a debt-to-equity ratio of 1.12. The firm has a market cap of $8.74 billion, a P/E ratio of 17.43, a price-to-earnings-growth ratio of 2.52 and a beta of 0.63. The company has a fifty day moving average price of $43.64 and a 200-day moving average price of $44.55.

OGE Energy (NYSE:OGE) last posted its earnings results on Tuesday, October 28th. The utilities provider reported $1.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.16 by ($0.02). OGE Energy had a net margin of 15.28% and a return on equity of 10.77%. The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter last year, the firm posted $1.09 EPS. The business’s revenue was up 8.2% on a year-over-year basis. On average, equities analysts anticipate that OGE Energy will post 2.27 earnings per share for the current year.

OGE Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Monday, January 5th will be issued a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date is Monday, January 5th. OGE Energy’s dividend payout ratio is presently 68.27%.

Hedge Funds Weigh In On OGE Energy

Large investors have recently modified their holdings of the company. Capital A Wealth Management LLC boosted its holdings in OGE Energy by 5,157.1% during the second quarter. Capital A Wealth Management LLC now owns 736 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 722 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its holdings in OGE Energy by 49.4% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 771 shares of the utilities provider’s stock valued at $36,000 after acquiring an additional 255 shares during the period. State of Wyoming bought a new stake in shares of OGE Energy during the 2nd quarter valued at $34,000. Golden State Wealth Management LLC lifted its holdings in shares of OGE Energy by 427.0% in the second quarter. Golden State Wealth Management LLC now owns 780 shares of the utilities provider’s stock worth $35,000 after buying an additional 632 shares in the last quarter. Finally, Quent Capital LLC purchased a new stake in OGE Energy in the 3rd quarter worth approximately $43,000. 71.84% of the stock is currently owned by institutional investors.

OGE Energy Company Profile

OGE Energy Corp. (NYSE:OGE) is an energy and infrastructure holding company headquartered in Oklahoma City, Oklahoma. Through its principal subsidiary, Oklahoma Gas & Electric Company, the company provides regulated electric service to residential, commercial and industrial customers across Oklahoma and western Arkansas. Its diversified generation mix includes coal, natural gas and wind-powered facilities, complemented by ongoing investments in grid modernization and smart technology to enhance reliability and customer satisfaction.

In addition to its core electric utility operations, OGE Energy Corp.