OGE Energy Stock Price, News & Analysis (NYSE:OGE)

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for OGE Energy in the last year. There are currently 4 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research 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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6 Wall Street analysts have issued 12-month target prices for OGE Energy's shares. Their OGE share price targets range from $32.00 to $42.00. On average, they predict the company's share price to reach $36.14 in the next year. This suggests a possible upside of 2.7% from the stock's current price.
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OGE Energy's stock was trading at $39.55 on January 1st, 2023. Since then, OGE shares have decreased by 11.0% and is now trading at $35.18.
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OGE Energy saw a increase in short interest in October. As of October 31st, there was short interest totaling 4,700,000 shares, an increase of 21.4% from the October 15th total of 3,870,000 shares. Based on an average trading volume of 1,420,000 shares, the days-to-cover ratio is currently 3.3 days. Currently, 2.4% of the company's stock are sold short.
View OGE Energy's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 22nd 2024.
View our OGE earnings forecast.

OGE Energy Corp. (NYSE:OGE) posted its earnings results on Wednesday, November, 1st. The utilities provider reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.28. The utilities provider had revenue of $945.40 million for the quarter, compared to analyst estimates of $1.28 billion. OGE Energy had a net margin of 14.86% and a trailing twelve-month return on equity of 9.47%.

OGE Energy announced a quarterly dividend on Wednesday, December 6th. Stockholders of record on Monday, January 8th will be given a dividend of $0.4182 per share on Friday, January 26th. This represents a $1.67 dividend on an annualized basis and a yield of 4.75%. The ex-dividend date of this dividend is Friday, January 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 4.71%. 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 80.29%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, OGE will have a dividend payout ratio of 78.40% in the coming year. This indicates that the company may not be able to sustain their current 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), ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL), Trajan Wealth Income Opportunities ETF (TWIO), Invesco High Yield Equity Dividend Achievers ETF (PEY), Invesco S&P MidCap Low Volatility ETF (XMLV), Global X Alternative Income ETF (ALTY) and RiverFront Dynamic US Dividend Advantage ETF (RFDA).

OGE Energy updated its FY23 earnings guidance on Thursday, November, 2nd. The company provided earnings per share (EPS) guidance of $2.02-$2.07 for the period, compared to the consensus EPS estimate of $2.01.

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 ClearBridge Investments Ltd (3.34%), FMR LLC (2.64%), Thompson Siegel & Walmsley LLC (1.54%), Bank of New York Mellon Corp (1.41%), Northern Trust Corp (1.27%) and Morgan Stanley (0.93%). 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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