OGE Energy (OGE) Stock Price, News & Analysis

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for OGE Energy in the last year. There are currently 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" OGE shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in OGE, but not buy additional shares or sell existing shares.
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4 brokers have issued twelve-month price targets for OGE Energy's shares. Their OGE share price targets range from $32.00 to $35.00. On average, they expect the company's share price to reach $33.40 in the next twelve months. This suggests a possible upside of 0.8% from the stock's current price.
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OGE Energy's stock was trading at $34.93 at the beginning of the year. Since then, OGE shares have decreased by 5.1% and is now trading at $33.15.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024.
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OGE Energy will be holding an earnings conference call on Wednesday, May 1st at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.

OGE Energy Corp. (NYSE:OGE) announced its quarterly earnings results on Tuesday, February, 20th. The utilities provider reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.04. The utilities provider earned $566.70 million during the quarter, compared to analysts' expectations of $986.67 million. OGE Energy had a trailing twelve-month return on equity of 9.37% and a net margin of 15.59%. The firm's revenue was down 20.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.25 EPS.

OGE Energy announced a quarterly dividend on Monday, February 19th. Stockholders of record on Monday, April 8th will be given a dividend of $0.418 per share on Friday, April 26th. This represents a $1.67 dividend on an annualized basis and a dividend yield of 5.04%. The ex-dividend date is Friday, April 5th.
Read our dividend analysis for OGE.

OGE Energy (NYSE:OGE) pays an annual dividend of $1.67 per share and currently has a dividend yield of 5.08%. OGE has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 17 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 80.68%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, OGE will have a dividend payout ratio of 74.22% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for OGE.

ETFs with the largest weight of OGE Energy (NYSE:OGE) stock in their portfolio include First Trust Utilities AlphaDEX Fund (FXU), Inspire Faithward Mid Cap Momentum ETF (GLRY), Global SuperDividend US ETF (DIV), ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL), Trajan Wealth Income Opportunities ETF (TWIO), Invesco High Yield Equity Dividend Achievers ETF (PEY), Acruence Active Hedge U.S. Equity ETF (XVOL) and Invesco S&P MidCap Low Volatility ETF (XMLV).

OGE Energy issued an update on its FY24 earnings guidance on Wednesday, February, 21st. The company provided earnings per share (EPS) guidance of $2.06-$2.18 for the period, compared to the consensus EPS estimate of $2.13.

30 employees have rated OGE Energy Chief Executive Officer Sean Trauschke on Glassdoor.com. Sean Trauschke has an approval rating of 74% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other OGE Energy investors own include AT&T (T), Pfizer (PFE), ONEOK (OKE), Exxon Mobil (XOM), Energy Transfer (ET), Intel (INTC), Altria Group (MO), Cisco Systems (CSCO), Dominion Energy (D) and Marathon Petroleum (MPC).

OGE Energy's stock is owned by a number of institutional and retail investors. Top institutional investors include Miller Howard Investments Inc. NY (0.45%), Alaska Permanent Fund Corp (0.04%), CWM LLC (0.04%), BancFirst Trust & Investment Management (0.03%), State of Michigan Retirement System (0.02%) and Rockland Trust Co. (0.02%). Insiders that own company stock include Cathy R Gates, Cristina F Mcquistion, David A Parker, David E Rainbolt, David L Hauser, Patricia D Horn and Scott A Briggs.
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Shares of OGE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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