OGE Energy - OGE Stock Forecast, Price & News

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for OGE Energy in the last twelve months. There are currently 7 hold 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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7 equities research analysts have issued 12 month target prices for OGE Energy's stock. Their OGE share price forecasts range from $36.00 to $42.00. On average, they predict the company's share price to reach $39.00 in the next twelve months. This suggests a possible upside of 7.7% from the stock's current price.
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OGE Energy's stock was trading at $39.55 at the beginning of the year. Since then, OGE shares have decreased by 8.5% and is now trading at $36.20.
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OGE Energy saw a increase in short interest in February. As of February 15th, there was short interest totaling 4,240,000 shares, an increase of 15.5% from the January 31st total of 3,670,000 shares. Based on an average daily volume of 1,050,000 shares, the days-to-cover ratio is currently 4.0 days. Currently, 2.1% of the shares of the stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 4th 2023.
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OGE Energy Corp. (NYSE:OGE) released its earnings results on Thursday, February, 23rd. The utilities provider reported $0.25 earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.30. The utilities provider earned $711.90 million during the quarter, compared to the consensus estimate of $1.06 billion. OGE Energy had a trailing twelve-month return on equity of 15.33% and a net margin of 19.72%. The firm's revenue for the quarter was up 22.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.27 earnings per share.

OGE Energy declared a quarterly dividend on Thursday, February 23rd. Stockholders of record on Monday, April 10th will be paid a dividend of $0.4141 per share on Friday, April 28th. This represents a $1.66 dividend on an annualized basis and a dividend yield of 4.58%. The ex-dividend date is Thursday, April 6th. This is an increase 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), Invesco High Yield Equity Dividend Achievers ETF (PEY), ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL), Trajan Wealth Income Opportunities ETF (TWIO), Invesco S&P MidCap Low Volatility ETF (XMLV), KFA Value Line Dynamic Core Equity Index ETF (KVLE) and Global X Alternative Income ETF (ALTY).

OGE Energy (NYSE:OGE) pays an annual dividend of $1.66 per share and currently has a dividend yield of 4.64%. 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 50.15%. This payout ratio is at a healthy, sustainable level, below 75%. 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 updated its FY23 earnings guidance on Thursday, February, 23rd. The company provided earnings per share guidance of $1.93-2.07 for the period, compared to the consensus EPS estimate of $2.04.

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."

OGE Energy's stock is owned by many different retail and institutional investors. Top institutional investors include Moneta Group Investment Advisors LLC (3.68%), Geode Capital Management LLC (1.36%), First Trust Advisors LP (1.32%), Duff & Phelps Investment Management Co. (1.17%), CI Investments Inc. (1.13%) and Reaves W H & Co. Inc. (1.02%). Insiders that own company stock include Cathy R Gates, 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.

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 $36.20.

OGE Energy (NYSE:OGE) has a market capitalization of $7.25 billion and generates $3.38 billion in revenue each year. The utilities provider earns $665.70 million in net income (profit) each year or $3.31 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.