OGE Energy Corp. (NYSE:OGE) Receives Average Rating of “Hold” from Analysts

Shares of OGE Energy Corp. (NYSE:OGE) have earned a consensus recommendation of “Hold” from the five research firms that are currently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $45.67.

A number of equities research analysts have weighed in on the company. Evercore ISI raised OGE Energy from an “in-line” rating to an “outperform” rating and lifted their price objective for the company from $40.00 to $47.00 in a report on Tuesday, January 21st. LADENBURG THALM/SH SH upgraded shares of OGE Energy to a “hold” rating in a research report on Monday, March 17th. Finally, Barclays increased their price target on shares of OGE Energy from $42.00 to $44.00 and gave the company an “equal weight” rating in a report on Tuesday, February 25th.

Institutional Trading of OGE Energy

Institutional investors and hedge funds have recently made changes to their positions in the stock. Headlands Technologies LLC acquired a new stake in OGE Energy during the fourth quarter worth approximately $27,000. Bessemer Group Inc. increased its stake in OGE Energy by 102.0% in the fourth quarter. Bessemer Group Inc. now owns 715 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 361 shares during the last quarter. Stonebridge Financial Group LLC purchased a new position in OGE Energy during the fourth quarter worth about $35,000. Principal Securities Inc. boosted its stake in OGE Energy by 204.7% in the 4th quarter. Principal Securities Inc. now owns 981 shares of the utilities provider’s stock worth $40,000 after buying an additional 659 shares during the last quarter. Finally, BankPlus Trust Department purchased a new stake in OGE Energy in the 4th quarter valued at about $44,000. 71.84% of the stock is currently owned by hedge funds and other institutional investors.

OGE Energy Stock Down 1.7 %

Shares of NYSE:OGE opened at $44.34 on Wednesday. OGE Energy has a fifty-two week low of $32.37 and a fifty-two week high of $46.54. The company has a quick ratio of 0.51, a current ratio of 0.73 and a debt-to-equity ratio of 1.08. The firm’s 50-day simple moving average is $43.82 and its 200-day simple moving average is $42.23. The company has a market cap of $8.93 billion, a price-to-earnings ratio of 20.15, a PEG ratio of 3.30 and a beta of 0.70.

OGE Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, April 7th will be given a dividend of $0.4213 per share. The ex-dividend date of this dividend is Monday, April 7th. This represents a $1.69 annualized dividend and a dividend yield of 3.80%. OGE Energy’s dividend payout ratio is currently 76.36%.

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.