OGE Energy (OGE) Stock Forecast, Price & News

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for OGE Energy in the last year. There are currently 5 hold ratings and 2 buy ratings 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.
View OGE analyst ratings or view top-rated stocks.

7 Wall Street analysts have issued 1-year price objectives for OGE Energy's shares. Their OGE share price forecasts range from $36.00 to $42.00. On average, they expect the company's share price to reach $37.88 in the next year. This suggests a possible upside of 17.3% from the stock's current price.
View analysts price targets for OGE or view top-rated stocks among Wall Street analysts.

OGE Energy's stock was trading at $39.55 at the start of the year. Since then, OGE stock has decreased by 18.4% and is now trading at $32.28.
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OGE Energy saw a increase in short interest in the month of September. As of September 15th, there was short interest totaling 3,770,000 shares, an increase of 20.4% from the August 31st total of 3,130,000 shares. Based on an average daily trading volume, of 1,180,000 shares, the short-interest ratio is presently 3.2 days. Currently, 1.9% of the shares of the stock are short sold.
View OGE Energy's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
View our OGE earnings forecast.

OGE Energy Corp. (NYSE:OGE) issued its quarterly earnings data on Tuesday, August, 8th. The utilities provider reported $0.44 EPS for the quarter, meeting analysts' consensus estimates of $0.44. The utilities provider earned $605 million during the quarter, compared to the consensus estimate of $784.27 million. OGE Energy had a trailing twelve-month return on equity of 9.99% and a net margin of 13.98%. The company's revenue for the quarter was down 24.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.36 earnings per share.

OGE Energy declared a quarterly dividend on Tuesday, September 26th. Investors of record on Tuesday, October 10th will be given a dividend of $0.4182 per share on Friday, October 27th. This represents a $1.67 annualized dividend and a yield of 5.18%. The ex-dividend date of this dividend is Friday, October 6th. This is a boost from the stock's previous quarterly dividend of $0.41.
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 (NYSE:OGE) pays an annual dividend of $1.66 per share and currently has a dividend yield of 4.97%. 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 75.80%. 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 77.93% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for OGE.

OGE Energy issued an update on its FY 2023 earnings guidance on Thursday, August, 10th. The company provided earnings per share (EPS) guidance of $1.93-$2.07 for the period, compared to the consensus earnings per share estimate of $2.00. The company issued revenue guidance of -.

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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "OGE."

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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One share of OGE stock can currently be purchased for approximately $32.28.

OGE Energy (NYSE:OGE) has a market capitalization of $6.47 billion and generates $3.38 billion in revenue each year. The utilities provider earns $665.70 million in net income (profit) each year or $2.19 on an earnings per share basis.

The company employs 2,237 workers across the globe.

OGE Energy's mailing address is 321 N HARVEY P.O. BOX 321, OKLAHOMA CITY OK, 73101. The official website for the company is www.oge.com. The utilities provider can be reached via phone at (405) 553-3000 or via fax at 405-553-3760.