OGE Energy - OGE Stock Forecast, Price & News

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for OGE Energy in the last twelve months. There are currently 4 hold ratings and 1 buy rating 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.
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5 Wall Street analysts have issued 1-year price objectives for OGE Energy's shares. Their OGE share price forecasts range from $34.00 to $41.00. On average, they predict the company's stock price to reach $37.67 in the next year. This suggests that the stock has a possible downside of 4.8%.
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OGE Energy's stock was trading at $38.38 at the start of the year. Since then, OGE stock has increased by 3.1% and is now trading at $39.56.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 23rd 2023.
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OGE Energy Corp. (NYSE:OGE) issued its quarterly earnings data on Thursday, November, 4th. The utilities provider reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.07. The utilities provider had revenue of $848.20 million for the quarter, compared to analyst estimates of $938.76 million. OGE Energy had a net margin of 28.80% and a trailing twelve-month return on equity of 15.74%. OGE Energy's quarterly revenue was up 20.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.04 EPS.

OGE Energy declared a quarterly dividend on Tuesday, September 27th. Shareholders of record on Tuesday, October 11th will be given a dividend of $0.414 per share on Friday, October 28th. This represents a $1.66 dividend on an annualized basis and a dividend yield of 4.19%. The ex-dividend date of this dividend is Friday, October 7th. This is a positive change from the stock's previous quarterly dividend of $0.41.
Read our dividend analysis for OGE.

OGE Energy (NYSE:OGE) pays an annual dividend of $1.66 per share and currently has a dividend yield of 4.19%. 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 16 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 35.70%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, OGE will have a dividend payout ratio of 80.19% 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, November, 3rd. The company provided earnings per share (EPS) guidance of $2.08-2.12 for the period, compared to the consensus earnings per share 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 BlackRock Inc. (11.40%), Vanguard Group Inc. (10.33%), State Street Corp (3.56%), Bank of New York Mellon Corp (1.50%), First Trust Advisors LP (1.20%) and CI Investments Inc. (1.12%). Insiders that own company stock include Andrea M Dennis, 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 $39.56.

OGE Energy (NYSE:OGE) has a market capitalization of $7.92 billion and generates $3.65 billion in revenue each year. The utilities provider earns $737.30 million in net income (profit) each year or $4.65 on an earnings per share basis.

The company employs 2,185 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.