Brokerages Anticipate OGE Energy Corp. (OGE) Will Announce Earnings of $0.27 Per Share

Analysts expect OGE Energy Corp. (NYSE:OGE) to report earnings per share (EPS) of $0.27 for the current quarter, according to Zacks Investment Research. Zero analysts have issued estimates for OGE Energy’s earnings. The lowest EPS estimate is $0.26 and the highest is $0.28. OGE Energy also reported earnings per share of $0.27 in the same quarter last year. The business is expected to report its next quarterly earnings results on Thursday, May 2nd.

According to Zacks, analysts expect that OGE Energy will report full-year earnings of $2.14 per share for the current year, with EPS estimates ranging from $2.13 to $2.14. For the next fiscal year, analysts forecast that the firm will post earnings of $2.31 per share, with EPS estimates ranging from $2.30 to $2.32. Zacks’ earnings per share calculations are an average based on a survey of research analysts that cover OGE Energy.

OGE Energy (NYSE:OGE) last released its earnings results on Thursday, February 21st. The utilities provider reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.04. OGE Energy had a net margin of 18.74% and a return on equity of 10.80%. The company had revenue of $511.80 million for the quarter, compared to analysts’ expectations of $490.80 million. During the same quarter last year, the business earned $0.30 EPS. The firm’s revenue was up 2.0% compared to the same quarter last year.

A number of equities research analysts have commented on the stock. Wolfe Research assumed coverage on shares of OGE Energy in a research note on Friday, March 15th. They set a “market perform” rating on the stock. Zacks Investment Research restated a “hold” rating on shares of OGE Energy in a research note on Monday, December 31st. Finally, Guggenheim cut shares of OGE Energy from a “buy” rating to a “neutral” rating in a research report on Monday, January 7th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. OGE Energy currently has a consensus rating of “Hold” and an average target price of $40.00.

NYSE OGE traded up $0.28 on Friday, reaching $43.12. 1,221,400 shares of the stock were exchanged, compared to its average volume of 1,558,970. OGE Energy has a one year low of $31.49 and a one year high of $43.76. The stock has a market cap of $8.67 billion, a price-to-earnings ratio of 20.34, a PEG ratio of 4.23 and a beta of 0.56. The company has a current ratio of 0.64, a quick ratio of 0.43 and a debt-to-equity ratio of 0.72.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Wednesday, April 10th will be given a dividend of $0.365 per share. This represents a $1.46 annualized dividend and a dividend yield of 3.39%. The ex-dividend date of this dividend is Tuesday, April 9th. OGE Energy’s payout ratio is currently 68.87%.

In other news, VP Kenneth R. Grant sold 1,500 shares of OGE Energy stock in a transaction that occurred on Wednesday, February 27th. The shares were sold at an average price of $42.20, for a total transaction of $63,300.00. Following the sale, the vice president now owns 10,768 shares in the company, valued at $454,409.60. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Jerry A. Peace sold 4,000 shares of the business’s stock in a transaction on Monday, February 25th. The stock was sold at an average price of $42.28, for a total transaction of $169,120.00. Following the completion of the sale, the vice president now owns 18,417 shares in the company, valued at approximately $778,670.76. The disclosure for this sale can be found here. Company insiders own 0.44% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. increased its position in OGE Energy by 11.5% in the fourth quarter. BlackRock Inc. now owns 28,041,935 shares of the utilities provider’s stock worth $1,098,962,000 after purchasing an additional 2,902,717 shares during the last quarter. Vanguard Group Inc. boosted its stake in OGE Energy by 0.8% during the third quarter. Vanguard Group Inc. now owns 18,631,504 shares of the utilities provider’s stock worth $676,696,000 after buying an additional 146,931 shares during the period. Vanguard Group Inc boosted its stake in OGE Energy by 0.8% during the third quarter. Vanguard Group Inc now owns 18,631,504 shares of the utilities provider’s stock worth $676,696,000 after buying an additional 146,931 shares during the period. Bank of New York Mellon Corp boosted its stake in OGE Energy by 15.0% during the third quarter. Bank of New York Mellon Corp now owns 3,827,771 shares of the utilities provider’s stock worth $139,025,000 after buying an additional 499,463 shares during the period. Finally, FMR LLC boosted its stake in OGE Energy by 9.5% during the fourth quarter. FMR LLC now owns 3,806,544 shares of the utilities provider’s stock worth $149,179,000 after buying an additional 331,758 shares during the period. Institutional investors own 69.30% of the company’s stock.

OGE Energy Company Profile

OGE Energy Corp., together with its subsidiaries, operates as an energy and energy services provider that provides physical delivery and related services for electricity and natural gas primarily in the south central United States. It operates in two segments, Electric Utility and Natural Gas Midstream Operations.

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