OGE Energy - OGE Stock Forecast, Price & News

4 Wall Street equities research 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 equities research analysts is that investors should "hold" OGE Energy stock. 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 brokerages have issued 1 year price targets for OGE Energy's stock. Their OGE stock forecasts range from $39.00 to $42.00. On average, they predict OGE Energy's share price to reach $40.50 in the next twelve months. This suggests a possible upside of 0.6% from the stock's current price.
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OGE Energy's stock was trading at $38.38 at the beginning of the year. Since then, OGE shares have increased by 4.9% and is now trading at $40.25.
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OGE Energy is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
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OGE Energy Corp. (NYSE:OGE) issued its earnings results on Thursday, August, 4th. The utilities provider reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.43 by $0.07. The utilities provider had revenue of $791 million for the quarter, compared to analysts' expectations of $607.65 million. OGE Energy had a trailing twelve-month return on equity of 16.30% and a net margin of 32.56%. The business's revenue for the quarter was up 37.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.56 earnings per share.

OGE Energy announced a quarterly dividend on Thursday, May 19th. Stockholders of record on Monday, July 11th will be given a dividend of $0.41 per share on Friday, July 29th. This represents a $1.64 dividend on an annualized basis and a yield of 4.07%. The ex-dividend date is Friday, July 8th.
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OGE Energy(NYSE:OGE) pays an annual dividend of $1.64 per share and currently has a dividend yield of 4.07%. OGE has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. OGE Energy 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 of OGE Energy is 35.65%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, OGE Energy will have a dividend payout ratio of 79.23% in the coming year. This indicates that OGE Energy may not be able to sustain their current dividend.
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OGE Energy updated its FY22 earnings guidance on Thursday, August, 4th. The company provided earnings per share (EPS) guidance of $1.87-1.97 for the period, compared to the consensus EPS estimate of $2.04.

30 employees have rated OGE Energy CEO Sean Trauschke on Glassdoor.com. Sean Trauschke has an approval rating of 74% among OGE Energy'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."

OGE Energy's stock is owned by many different institutional and retail investors. Top institutional shareholders include Thompson Siegel & Walmsley LLC (1.02%), Reaves W H & Co. Inc. (0.41%), John G Ullman & Associates Inc. (0.31%), River Road Asset Management LLC (0.30%), ProShare Advisors LLC (0.29%) and Retirement Systems of Alabama (0.29%). Company insiders that own OGE Energy stock include Andrea M Dennis, Charles B Walworth, Cristina F Mcquistion, David A Parker, David E Rainbolt, David L Hauser, J Michael Sanner, Kenneth R Grant, Patricia D Horn, Scott A Briggs and Stephen E Merrill.
View institutional ownership trends for OGE Energy.

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 $40.25.

OGE Energy (NYSE:OGE) has a market capitalization of $8.06 billion and generates $3.65 billion in revenue each year. The utilities provider earns $737.30 million in net income (profit) each year or $4.60 on an earnings per share basis.

OGE Energy employs 2,185 workers across the globe.

OGE Energy was founded in 1902.

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