OGE Energy Corp. (NYSE:OGE) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

OGE Energy Corp. (NYSE:OGE) has been assigned an average recommendation of “Moderate Buy” from the four research firms that are currently covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $45.00.

OGE has been the topic of several analyst reports. Evercore ISI upgraded OGE Energy from an “in-line” rating to an “outperform” rating and raised their target price for the company from $40.00 to $47.00 in a report on Tuesday, January 21st. Barclays lowered their price objective on shares of OGE Energy from $43.00 to $42.00 and set an “equal weight” rating for the company in a research report on Friday, January 24th.

OGE Energy Trading Up 2.0 %

NYSE:OGE opened at $45.19 on Friday. The business’s 50-day moving average is $42.12 and its two-hundred day moving average is $41.36. The firm has a market capitalization of $9.08 billion, a PE ratio of 20.54, a price-to-earnings-growth ratio of 3.28 and a beta of 0.78. OGE Energy has a 12 month low of $32.37 and a 12 month high of $45.32. 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 firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, April 7th will be given a dividend of $0.4213 per share. This represents a $1.69 dividend on an annualized basis and a dividend yield of 3.73%. The ex-dividend date of this dividend is Monday, April 7th. OGE Energy’s payout ratio is 76.36%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of OGE. Vanguard Group Inc. increased its holdings in OGE Energy by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 21,413,588 shares of the utilities provider’s stock worth $883,311,000 after purchasing an additional 203,129 shares during the last quarter. State Street Corp grew its position in shares of OGE Energy by 2.8% during the third quarter. State Street Corp now owns 6,836,303 shares of the utilities provider’s stock worth $280,425,000 after buying an additional 185,069 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its stake in shares of OGE Energy by 15.8% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 6,174,558 shares of the utilities provider’s stock worth $254,701,000 after buying an additional 844,679 shares during the last quarter. Boston Partners raised its holdings in OGE Energy by 6.6% in the fourth quarter. Boston Partners now owns 4,182,795 shares of the utilities provider’s stock valued at $172,554,000 after acquiring an additional 258,989 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in OGE Energy by 29.3% during the 4th quarter. Northern Trust Corp now owns 3,562,014 shares of the utilities provider’s stock valued at $146,933,000 after acquiring an additional 807,690 shares during the last quarter. Hedge funds and other institutional investors own 71.84% of the company’s stock.

OGE Energy Company Profile

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.