Analysts Set OGE Energy Corporation (NYSE:OGE) PT at $48.38

Shares of OGE Energy Corporation (NYSE:OGE) have been assigned a consensus recommendation of “Moderate Buy” from the ten brokerages that are currently covering the company, MarketBeat reports. Five analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $48.3750.

OGE has been the topic of a number of recent analyst reports. Mizuho increased their price objective on OGE Energy from $45.00 to $47.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 29th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of OGE Energy in a report on Wednesday, October 8th. Royal Bank Of Canada raised OGE Energy to a “hold” rating in a report on Tuesday, October 28th. Wall Street Zen upgraded shares of OGE Energy from a “sell” rating to a “hold” rating in a research report on Sunday, September 7th. Finally, Jefferies Financial Group lifted their target price on shares of OGE Energy from $52.00 to $55.00 and gave the company a “buy” rating in a research report on Wednesday, October 22nd.

OGE Energy Trading Down 0.2%

Shares of OGE opened at $42.97 on Friday. OGE Energy has a twelve month low of $39.41 and a twelve month high of $47.33. The stock has a market cap of $8.66 billion, a PE ratio of 17.26, a P/E/G ratio of 2.71 and a beta of 0.61. 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 business’s 50-day moving average price is $44.54 and its 200-day moving average price is $44.69.

OGE Energy (NYSE:OGE) last issued its quarterly earnings data on Tuesday, October 28th. The utilities provider reported $1.14 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts’ expectations of $1.04 billion. During the same period in the prior year, the firm posted $1.09 EPS. OGE Energy’s revenue was up 8.2% on a year-over-year basis. On average, equities analysts forecast that OGE Energy will post 2.27 EPS for the current fiscal year.

OGE Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Monday, January 5th will be given a dividend of $0.425 per share. The ex-dividend date is Monday, January 5th. This represents a $1.70 dividend on an annualized basis and a yield of 4.0%. OGE Energy’s dividend payout ratio (DPR) is presently 68.27%.

Hedge Funds Weigh In On OGE Energy

Institutional investors have recently modified their holdings of the company. Orion Porfolio Solutions LLC lifted its position in OGE Energy by 3.3% in the 3rd quarter. Orion Porfolio Solutions LLC now owns 6,979 shares of the utilities provider’s stock worth $323,000 after buying an additional 222 shares during the last quarter. Blair William & Co. IL lifted its holdings in shares of OGE Energy by 0.9% in the 3rd quarter. Blair William & Co. IL now owns 27,454 shares of the utilities provider’s stock worth $1,270,000 after acquiring an additional 234 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its stake in shares of OGE Energy by 49.4% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 771 shares of the utilities provider’s stock valued at $36,000 after purchasing an additional 255 shares in the last quarter. Tectonic Advisors LLC grew its holdings in shares of OGE Energy by 2.0% during the 2nd quarter. Tectonic Advisors LLC now owns 13,765 shares of the utilities provider’s stock valued at $611,000 after purchasing an additional 272 shares during the last quarter. Finally, Private Wealth Asset Management LLC grew its holdings in shares of OGE Energy by 21.1% during the 3rd quarter. Private Wealth Asset Management LLC now owns 1,574 shares of the utilities provider’s stock valued at $73,000 after purchasing an additional 274 shares during the last quarter. 71.84% of the stock is currently owned by institutional investors.

About OGE Energy

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.