OGE Energy Corporation (NYSE:OGE) Given Average Recommendation of “Hold” by Analysts

Shares of OGE Energy Corporation (NYSE:OGE) have received a consensus recommendation of “Hold” from the ten research firms that are presently covering the stock, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $49.1111.

Several research analysts recently commented on OGE shares. Mizuho set a $49.00 price target on OGE Energy in a research report on Thursday, February 19th. Weiss Ratings upgraded OGE Energy from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 4th. Wall Street Zen lowered OGE Energy from a “hold” rating to a “sell” rating in a research report on Saturday, May 23rd. LADENBURG THALM/SH SH lifted their price target on OGE Energy from $42.50 to $47.00 and gave the stock a “neutral” rating in a research report on Monday, May 11th. Finally, Wells Fargo & Company lifted their price target on OGE Energy from $47.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 30th.

OGE Energy Trading Down 0.5%

OGE opened at $47.40 on Friday. The firm has a market cap of $9.78 billion, a P/E ratio of 21.16, a P/E/G ratio of 3.53 and a beta of 0.53. OGE Energy has a 12 month low of $41.69 and a 12 month high of $50.13. The company has a current ratio of 0.66, a quick ratio of 0.40 and a debt-to-equity ratio of 1.09. The stock has a 50-day moving average of $47.78 and a 200 day moving average of $46.00.

OGE Energy (NYSE:OGE) last released its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $0.24 EPS for the quarter, hitting the consensus estimate of $0.24. The company had revenue of $752.60 million during the quarter, compared to analyst estimates of $616.02 million. OGE Energy had a return on equity of 9.47% and a net margin of 14.03%.The firm’s revenue was up .7% on a year-over-year basis. During the same quarter last year, the business posted $0.31 earnings per share. As a group, research analysts forecast that OGE Energy will post 2.42 EPS for the current year.

OGE Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Monday, July 6th will be paid a $0.425 dividend. The ex-dividend date of this dividend is Monday, July 6th. This represents a $1.70 annualized dividend and a yield of 3.6%. OGE Energy’s dividend payout ratio (DPR) is presently 75.89%.

Insider Transactions at OGE Energy

In other OGE Energy news, insider William H. Sultemeier sold 7,345 shares of the firm’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $47.97, for a total value of $352,339.65. Following the completion of the sale, the insider owned 74,497 shares of the company’s stock, valued at $3,573,621.09. This trade represents a 8.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.57% of the stock is currently owned by insiders.

Institutional Trading of OGE Energy

Several institutional investors have recently added to or reduced their stakes in the company. LFG Wealth Partners LLC lifted its stake in OGE Energy by 6.1% in the first quarter. LFG Wealth Partners LLC now owns 24,787 shares of the utilities provider’s stock worth $1,189,000 after purchasing an additional 1,421 shares during the last quarter. NewEdge Advisors LLC lifted its stake in OGE Energy by 10.8% in the first quarter. NewEdge Advisors LLC now owns 53,255 shares of the utilities provider’s stock worth $2,554,000 after purchasing an additional 5,173 shares during the last quarter. Bank of America Corp DE lifted its stake in OGE Energy by 10.5% in the first quarter. Bank of America Corp DE now owns 967,835 shares of the utilities provider’s stock worth $46,417,000 after purchasing an additional 91,696 shares during the last quarter. Janus Henderson Group PLC lifted its stake in OGE Energy by 5.5% in the first quarter. Janus Henderson Group PLC now owns 94,891 shares of the utilities provider’s stock worth $4,550,000 after purchasing an additional 4,921 shares during the last quarter. Finally, Amundi bought a new stake in OGE Energy in the first quarter worth about $379,000. Institutional investors own 71.84% of the company’s stock.

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.