OGE Energy Corp., together with its subsidiaries, operates as an energy and energy services provider that offers physical delivery and related services for electricity, natural gas, crude oil, and natural gas liquids in the United States. The company generates, transmits, distributes, and sells electric energy. It provides retail electric service to approximately 879,000 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. As of December 31, 2021, the company owned and operated interconnected electric generation, transmission, and distribution systems, including 16 generating stations with an aggregate capability of 7,207 megawatts; and transmission systems comprising 54 substations and 5,122 structure miles of lines in Oklahoma, and 7 substations and 277 structure miles of lines in Arkansas. Its distribution systems included 350 substations; 29,494 structure miles of overhead lines; 3,365 miles of underground conduit; and 11,125 miles of underground conductors in Oklahoma, as well as 29 substations, 2,795 structure miles of overhead lines, 349 miles of underground conduit, and 662 miles of underground conductors in Arkansas. The company was founded in 1902 and is based in Oklahoma City, Oklahoma.
OGE Energy Stock Up 0.3 %
Shares of OGE traded up $0.12 during trading hours on Friday, hitting $40.25. The company had a trading volume of 1,230,607 shares, compared to its average volume of 1,013,868. The company has a market capitalization of $8.06 billion, a PE ratio of 8.75, a price-to-earnings-growth ratio of 5.40 and a beta of 0.67. The company has a current ratio of 0.49, a quick ratio of 0.35 and a debt-to-equity ratio of 1.05. OGE Energy has a one year low of $32.49 and a one year high of $42.74. The company's fifty day moving average price is $38.89 and its two-hundred day moving average price is $39.01.
OGE Energy (NYSE:OGE - Get Rating) last released its quarterly earnings results on Thursday, August 4th. The utilities provider reported $0.36 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.07). OGE Energy had a return on equity of 16.30% and a net margin of 32.56%. The company had revenue of $791.00 million during the quarter, compared to the consensus estimate of $607.65 million. During the same period in the previous year, the firm posted $0.56 earnings per share. The company's revenue was up 37.0% on a year-over-year basis. As a group, equities analysts forecast that OGE Energy will post 2.15 earnings per share for the current fiscal year.
OGE Energy Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, July 29th. Investors of record on Monday, July 11th were given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 4.07%. The ex-dividend date was Friday, July 8th. OGE Energy's dividend payout ratio is currently 35.65%.
Analysts Set New Price Targets
A number of equities research analysts have weighed in on OGE shares. Mizuho lifted their target price on OGE Energy from $38.00 to $39.00 and gave the company a "neutral" rating in a research report on Tuesday, July 5th. Credit Suisse Group started coverage on OGE Energy in a research report on Monday, April 25th. They set a "neutral" rating and a $42.00 target price for the company. Barclays decreased their target price on OGE Energy from $44.00 to $41.00 and set an "equal weight" rating for the company in a research report on Monday, July 18th. Finally, TheStreet lowered OGE Energy from a "b" rating to a "c+" rating in a research report on Thursday. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, OGE Energy currently has a consensus rating of "Hold" and an average target price of $40.50.