OGE Energy (OGE) Stock Forecast, Price & News

7 Wall Street equities 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 equities 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 analysts have issued 1 year price targets for OGE Energy's shares. Their OGE share price forecasts range from $36.00 to $42.00. On average, they predict the company's share price to reach $38.75 in the next year. This suggests a possible upside of 7.1% from the stock's current price.
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OGE Energy's stock was trading at $39.55 on January 1st, 2023. Since then, OGE shares have decreased by 8.5% and is now trading at $36.19.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
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OGE Energy Corp. (NYSE:OGE) announced its earnings results on Thursday, May, 4th. The utilities provider reported $0.19 EPS for the quarter, beating analysts' consensus estimates of $0.15 by $0.04. The utilities provider earned $544.60 million during the quarter, compared to analyst estimates of $556.82 million. OGE Energy had a trailing twelve-month return on equity of 9.71% and a net margin of 12.70%. The business's quarterly revenue was down 7.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.39 earnings per share.

OGE Energy announced a quarterly dividend on Thursday, May 18th. Stockholders of record on Monday, July 10th will be given a dividend of $0.414 per share on Friday, July 28th. This represents a $1.66 dividend on an annualized basis and a dividend yield of 4.58%. The ex-dividend date of this dividend is Friday, July 7th.
Read our dividend analysis for OGE.

ETFs with the largest weight of OGE Energy (NYSE:OGE) stock in their portfolio include Timothy Plan Market Neutral ETF (TPMN), 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), KFA Value Line Dynamic Core Equity Index ETF (KVLE) and Invesco S&P MidCap Low Volatility ETF (XMLV).

OGE Energy (NYSE:OGE) pays an annual dividend of $1.66 per share and currently has a dividend yield of 4.63%. 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 78.67%. 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 78.30% 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 FY 2023 earnings guidance on Thursday, May, 4th. The company provided EPS guidance of $1.93-$2.07 for the period, compared to the consensus EPS estimate of $2.01. 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."

OGE Energy's stock is owned by many different institutional and retail investors. Top institutional investors include BlackRock Inc. (12.01%), ClearBridge Investments Ltd (3.30%), State Street Corp (3.26%), FMR LLC (3.12%), First Trust Advisors LP (1.42%) and Geode Capital Management LLC (1.41%). 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.
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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 $36.19.

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 $2.11 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.