OGE Energy (NYSE:OGE) Hits New 12-Month High at $37.30

OGE Energy Corp. (NYSE:OGE - Get Free Report)'s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $37.30 and last traded at $37.27, with a volume of 72175 shares trading hands. The stock had previously closed at $36.98.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Barclays lowered OGE Energy from an "overweight" rating to an "equal weight" rating and set a $34.00 price target on the stock. in a research note on Monday, April 22nd. TheStreet lowered shares of OGE Energy from a "b" rating to a "c+" rating in a research note on Wednesday, February 21st. Finally, StockNews.com upgraded shares of OGE Energy from a "sell" rating to a "hold" rating in a research note on Tuesday, April 23rd. Five equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, OGE Energy presently has an average rating of "Hold" and an average price target of $33.40.

OGE Energy Trading Up 0.6 %

The stock has a 50-day moving average of $34.52 and a 200 day moving average of $34.30. The company has a quick ratio of 0.23, a current ratio of 0.51 and a debt-to-equity ratio of 0.96. The stock has a market cap of $7.46 billion, a PE ratio of 18.88, a price-to-earnings-growth ratio of 3.47 and a beta of 0.72.

OGE Energy (NYSE:OGE - Get Free Report) last released its quarterly earnings data on Wednesday, May 1st. The utilities provider reported $0.09 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.26). OGE Energy had a net margin of 14.63% and a return on equity of 8.89%. The business had revenue of $596.80 million during the quarter, compared to analysts' expectations of $607.37 million. During the same period last year, the company earned $0.19 earnings per share. The firm's revenue was up 7.0% on a year-over-year basis. As a group, sell-side analysts anticipate that OGE Energy Corp. will post 2.13 earnings per share for the current year.

OGE Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 26th. Stockholders of record on Monday, July 8th will be issued a $0.418 dividend. The ex-dividend date is Monday, July 8th. This represents a $1.67 annualized dividend and a dividend yield of 4.50%. OGE Energy's dividend payout ratio (DPR) is presently 84.77%.

Insider Activity at OGE Energy

In other OGE Energy news, VP Cristina F. Mcquistion sold 4,187 shares of the company's stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $33.92, for a total value of $142,023.04. Following the completion of the transaction, the vice president now owns 25,926 shares in the company, valued at $879,409.92. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.53% of the stock is owned by company insiders.

Institutional Trading of OGE Energy

Institutional investors and hedge funds have recently made changes to their positions in the business. Fifth Third Bancorp grew its stake in OGE Energy by 4.3% in the 3rd quarter. Fifth Third Bancorp now owns 9,757 shares of the utilities provider's stock valued at $325,000 after acquiring an additional 405 shares during the period. Concurrent Investment Advisors LLC grew its position in shares of OGE Energy by 3.8% in the first quarter. Concurrent Investment Advisors LLC now owns 11,278 shares of the utilities provider's stock valued at $387,000 after purchasing an additional 413 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of OGE Energy by 3.8% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,768 shares of the utilities provider's stock worth $411,000 after purchasing an additional 435 shares in the last quarter. Treasurer of the State of North Carolina raised its position in shares of OGE Energy by 0.5% during the 3rd quarter. Treasurer of the State of North Carolina now owns 90,606 shares of the utilities provider's stock worth $3,020,000 after purchasing an additional 461 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in shares of OGE Energy by 178.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 762 shares of the utilities provider's stock worth $27,000 after purchasing an additional 488 shares during the last quarter. 71.84% of the stock is currently owned by hedge funds and other institutional investors.

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.