OGE Energy (OGE) to Release Quarterly Earnings on Wednesday

OGE Energy (NYSE:OGE) will post its quarterly earnings results before the market opens on Wednesday, May 1st. Analysts expect OGE Energy to post earnings of $0.35 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

OGE Energy (NYSE:OGE) last issued its quarterly earnings data on Tuesday, February 20th. The utilities provider reported $0.24 EPS for the quarter, beating the consensus estimate of $0.20 by $0.04. OGE Energy had a return on equity of 9.37% and a net margin of 15.59%. The company had revenue of $566.70 million for the quarter, compared to analyst estimates of $986.67 million. During the same period last year, the company earned $0.25 earnings per share. OGE Energy’s quarterly revenue was down 20.4% compared to the same quarter last year. On average, analysts expect OGE Energy to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

OGE Energy Stock Down 0.3 %

Shares of OGE opened at $33.93 on Wednesday. The company has a current ratio of 0.65, a quick ratio of 0.30 and a debt-to-equity ratio of 0.96. OGE Energy has a 12 month low of $31.25 and a 12 month high of $38.04. The stock’s 50 day moving average is $33.52 and its two-hundred day moving average is $34.06. The firm has a market cap of $6.80 billion, a P/E ratio of 16.39, a PEG ratio of 3.19 and a beta of 0.73.

OGE Energy Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 26th. Shareholders of record on Monday, April 8th will be issued a $0.418 dividend. This represents a $1.67 annualized dividend and a yield of 4.93%. The ex-dividend date of this dividend is Friday, April 5th. OGE Energy’s payout ratio is currently 80.68%.

Insider Activity at OGE Energy

In related news, VP Cristina F. Mcquistion sold 4,187 shares of the business’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $33.92, for a total transaction of $142,023.04. Following the completion of the transaction, the vice president now directly owns 25,926 shares of the company’s stock, valued at approximately $879,409.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.53% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on the company. Barclays lowered OGE Energy from an “overweight” rating to an “equal weight” rating and set a $34.00 price objective on the stock. in a report on Monday. LADENBURG THALM/SH SH lowered OGE Energy from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $36.00 to $34.00 in a research note on Tuesday, January 16th. TheStreet lowered OGE Energy from a “b” rating to a “c+” rating in a research note on Wednesday, February 21st. Finally, StockNews.com raised OGE Energy from a “sell” rating to a “hold” rating in a research note on Tuesday. Five equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $33.40.

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.