OGE Energy (NYSE:OGE) Releases Quarterly Earnings Results, Beats Expectations By $0.03 EPS

OGE Energy (NYSE:OGE) released its quarterly earnings data on Wednesday. The utilities provider reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.03, Briefing.com reports. The firm had revenue of $760.50 million during the quarter, compared to analysts’ expectations of $750.80 million. OGE Energy had a return on equity of 8.59% and a net margin of 13.89%. The business’s revenue for the quarter was up 34.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.24 earnings per share. OGE Energy updated its FY 2025 guidance to 2.210-2.330 EPS and its FY25 guidance to $2.21-$2.33 EPS.

OGE Energy Stock Up 0.5 %

OGE Energy stock opened at $44.08 on Thursday. The firm has a market cap of $8.86 billion, a price-to-earnings ratio of 22.84, a P/E/G ratio of 3.28 and a beta of 0.78. The firm has a fifty day moving average price of $42.01 and a two-hundred day moving average price of $41.29. OGE Energy has a fifty-two week low of $32.37 and a fifty-two week high of $44.72. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.86 and a quick ratio of 0.51.

OGE Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, April 7th will be issued a $0.4213 dividend. This represents a $1.69 annualized dividend and a yield of 3.82%. OGE Energy’s dividend payout ratio (DPR) is presently 87.05%.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Evercore ISI upgraded shares of OGE Energy from an “in-line” rating to an “outperform” rating and lifted their target price for the company from $40.00 to $47.00 in a research note on Tuesday, January 21st. Barclays decreased their price target on OGE Energy from $43.00 to $42.00 and set an “equal weight” rating for the company in a research note on Friday, January 24th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $45.00.

About OGE Energy

OGE Energy Corp., together with its subsidiaries, operates as an energy services provider in the United States. The company generates, transmits, distributes, and sells electric energy. In addition, it provides retail electric service to approximately 896,000 customers, which covers a service area of approximately 30,000 square miles in Oklahoma and western Arkansas; and owns and operates coal-fired, natural gas-fired, wind-powered, and solar-powered generating assets.