OGE Energy - OGE Stock Forecast, Price & News

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for OGE Energy in the last twelve months. There are currently 3 hold ratings and 1 buy rating 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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4 Wall Street analysts have issued 1 year target prices for OGE Energy's stock. Their OGE share price forecasts range from $39.00 to $42.00. On average, they expect the company's stock price to reach $40.50 in the next year. This suggests that the stock has a possible downside of 3.5%.
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OGE Energy's stock was trading at $38.38 on January 1st, 2022. Since then, OGE stock has increased by 9.3% and is now trading at $41.96.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
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OGE Energy Corp. (NYSE:OGE) released its earnings results on Thursday, August, 4th. The utilities provider reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by $0.07. The utilities provider earned $791 million during the quarter, compared to analysts' expectations of $607.65 million. OGE Energy had a trailing twelve-month return on equity of 16.09% and a net margin of 32.56%. The company's quarterly revenue was up 37.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.56 earnings per share.

OGE Energy declared a quarterly dividend on Thursday, May 19th. Shareholders 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 annualized dividend and a yield of 3.91%. The ex-dividend date is Friday, July 8th.
Read our dividend analysis for OGE.

OGE Energy (NYSE:OGE) pays an annual dividend of $1.64 per share and currently has a dividend yield of 3.99%. 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 35.65%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, OGE will have a dividend payout ratio of 79.23% 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 FY22 earnings guidance on Thursday, August, 4th. The company provided earnings per share guidance of $1.87-1.97 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 a variety of retail and institutional investors. Top institutional shareholders include FMR LLC (3.47%), Artisan Partners Limited Partnership (1.16%), ClearBridge Investments Ltd (1.12%), Thompson Siegel & Walmsley LLC (1.02%), CI Investments Inc. (0.92%) and Franklin Resources Inc. (0.86%). Insiders that own company 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.
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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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One share of OGE stock can currently be purchased for approximately $41.96.

OGE Energy (NYSE:OGE) has a market capitalization of $8.40 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.

The company 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 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.