OGE Energy Corporation (NYSE:OGE) Receives Consensus Recommendation of “Moderate Buy” from Analysts

OGE Energy Corporation (NYSE:OGE) has received a consensus rating of “Moderate Buy” from the eleven research firms that are currently covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $48.1111.

Several analysts have issued reports on the stock. Mizuho set a $49.00 price objective on shares of OGE Energy in a research note on Thursday, February 19th. Barclays cut their target price on OGE Energy from $51.00 to $49.00 and set an “overweight” rating on the stock in a research note on Thursday, January 22nd. BMO Capital Markets assumed coverage on OGE Energy in a report on Tuesday, January 13th. They issued a “market perform” rating and a $45.00 price target on the stock. Royal Bank Of Canada restated a “sector perform” rating on shares of OGE Energy in a report on Friday, January 23rd. Finally, UBS Group cut their price objective on OGE Energy from $45.00 to $44.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 17th.

OGE Energy Stock Up 1.1%

NYSE OGE opened at $48.77 on Friday. The company has a quick ratio of 0.49, a current ratio of 0.78 and a debt-to-equity ratio of 1.08. OGE Energy has a 52 week low of $40.80 and a 52 week high of $49.55. The firm has a market capitalization of $10.06 billion, a price-to-earnings ratio of 21.11, a PEG ratio of 3.45 and a beta of 0.59. The company has a fifty day moving average of $46.65 and a two-hundred day moving average of $45.15.

OGE Energy (NYSE:OGE) last released its earnings results on Tuesday, February 17th. The utilities provider reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.03. OGE Energy had a net margin of 14.44% and a return on equity of 9.89%. The firm had revenue of $725.80 million during the quarter, compared to analyst estimates of $277.80 million. During the same quarter last year, the business earned $0.50 EPS. The business’s revenue was down 4.6% on a year-over-year basis. On average, analysts predict that OGE Energy will post 2.27 earnings per share for the current year.

OGE Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 24th. Stockholders of record on Monday, April 6th will be issued a $0.425 dividend. The ex-dividend date is Monday, April 6th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 3.5%. OGE Energy’s dividend payout ratio is presently 73.59%.

Insider Transactions at OGE Energy

In related news, Director Lyle G. Ganske acquired 10,420 shares of the stock in a transaction on Monday, February 23rd. The stock was bought at an average cost of $47.99 per share, with a total value of $500,055.80. Following the transaction, the director directly owned 10,420 shares in the company, valued at approximately $500,055.80. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Sarah R. Stafford sold 6,130 shares of the company’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $47.77, for a total transaction of $292,830.10. Following the completion of the transaction, the chief accounting officer owned 28,559 shares in the company, valued at $1,364,263.43. This represents a 17.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.55% of the company’s stock.

Institutional Trading of OGE Energy

Several institutional investors and hedge funds have recently modified their holdings of the stock. Norges Bank bought a new stake in shares of OGE Energy in the fourth quarter valued at about $119,028,000. Morgan Stanley increased its position in OGE Energy by 103.2% during the 4th quarter. Morgan Stanley now owns 4,628,210 shares of the utilities provider’s stock valued at $197,625,000 after purchasing an additional 2,350,574 shares during the period. Cohen & Steers Inc. purchased a new position in OGE Energy during the 4th quarter valued at about $68,460,000. Cbre Investment Management Listed Real Assets LLC raised its stake in OGE Energy by 85.8% in the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 2,215,572 shares of the utilities provider’s stock worth $94,605,000 after buying an additional 1,022,863 shares in the last quarter. Finally, First Trust Advisors LP raised its position in shares of OGE Energy by 51.2% in the 2nd quarter. First Trust Advisors LP now owns 2,359,899 shares of the utilities provider’s stock worth $104,732,000 after acquiring an additional 799,264 shares in the last quarter. 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.