OGE Energy Corporation (NYSE:OGE) - Equities researchers at KeyCorp issued their Q2 2017 earnings per share estimates for OGE Energy Corporation in a report released on Monday. KeyCorp analyst P. Ridzon forecasts that the utilities provider will post earnings of $0.45 per share for the quarter.
OGE Energy Corporation (NYSE:OGE) last announced its quarterly earnings data on Thursday, May 4th. The utilities provider reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.01. OGE Energy Corporation had a net margin of 15.29% and a return on equity of 10.22%. The business had revenue of $456 million during the quarter. During the same period last year, the business earned $0.13 earnings per share. The company’s quarterly revenue was up 5.3% compared to the same quarter last year.
A number of other research firms have also recently commented on OGE. BidaskClub upgraded OGE Energy Corporation from a “sell” rating to a “hold” rating in a research report on Monday. Evercore ISI assumed coverage on OGE Energy Corporation in a research report on Monday. They issued an “outperform” rating and a $37.00 price objective for the company. Jefferies Group LLC restated a “hold” rating and issued a $35.00 price objective on shares of OGE Energy Corporation in a research report on Friday, July 21st. Goldman Sachs Group, Inc. (The) assumed coverage on OGE Energy Corporation in a research report on Thursday, July 20th. They issued a “neutral” rating and a $35.00 price objective for the company. Finally, Zacks Investment Research cut OGE Energy Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, April 26th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $34.83.
Shares of OGE Energy Corporation (OGE) opened at 35.65 on Wednesday. OGE Energy Corporation has a one year low of $29.57 and a one year high of $37.41. The stock has a market capitalization of $7.12 billion, a price-to-earnings ratio of 20.49 and a beta of 0.88. The firm’s 50-day moving average is $35.18 and its 200-day moving average is $34.91.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 28th. Stockholders of record on Monday, July 10th will be given a $0.3025 dividend. This represents a $1.21 dividend on an annualized basis and a dividend yield of 3.39%. The ex-dividend date of this dividend is Thursday, July 6th. OGE Energy Corporation’s dividend payout ratio (DPR) is presently 69.54%.
Several hedge funds have recently bought and sold shares of OGE. First Manhattan Co. boosted its stake in OGE Energy Corporation by 6.0% in the first quarter. First Manhattan Co. now owns 186,780 shares of the utilities provider’s stock worth $5,905,000 after buying an additional 10,570 shares during the period. Mn Services Vermogensbeheer B.V. boosted its stake in shares of OGE Energy Corporation by 4.0% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 5,326 shares of the utilities provider’s stock valued at $174,000 after buying an additional 207 shares during the last quarter. Ferguson Wellman Capital Management Inc. purchased a new stake in shares of OGE Energy Corporation during the first quarter valued at approximately $11,606,000. Candriam Luxembourg S.C.A. boosted its stake in shares of OGE Energy Corporation by 9.3% in the first quarter. Candriam Luxembourg S.C.A. now owns 114,172 shares of the utilities provider’s stock valued at $3,994,000 after buying an additional 9,744 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its stake in shares of OGE Energy Corporation by 2.1% in the first quarter. Nisa Investment Advisors LLC now owns 399,694 shares of the utilities provider’s stock valued at $13,981,000 after buying an additional 8,340 shares during the last quarter. Institutional investors and hedge funds own 61.91% of the company’s stock.
OGE Energy Corporation Company Profile
OGE Energy Corp. (OGE Energy) is an energy and energy services provider offering physical delivery and related services for both electricity and natural gas primarily in the south central United States. The Company operates through two segments: electric utility and natural gas midstream operations. The electric utility segment generates, transmits, distributes and sells electric energy in Oklahoma and western Arkansas.
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