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NYSE:OGEOGE Energy Stock Price, Forecast & News

$31.89
+0.47 (+1.50 %)
(As of 05/28/2020 04:00 PM ET)
Add
Compare
Today's Range
$31.50
Now: $31.89
$32.15
50-Day Range
$28.53
MA: $30.92
$32.93
52-Week Range
$23.00
Now: $31.89
$46.43
Volume1.83 million shs
Average Volume1.69 million shs
Market Capitalization$6.38 billion
P/E RatioN/A
Dividend Yield4.93%
Beta0.78
OGE Energy Corp., together with its subsidiaries, operates as an energy and energy services provider that provides physical delivery and related services for electricity and natural gas primarily in the south central United States. It operates in two segments, Electric Utility and Natural Gas Midstream Operations. The Electric Utility segment generates, transmits, distributes, and sells electric energy. This segment furnishes retail electric service in 267 communities and their contiguous rural and suburban areas; and owns and operates coal-fired, natural gas-fired, wind-powered, and solar-powered generating assets. Its service area covers 30,000 square miles in Oklahoma and western Arkansas, including Oklahoma City in Oklahoma; and Fort Smith, Arkansas. The Natural Gas Midstream Operations segment engages in gathering, processing, transporting, and storing natural gas; and the provision of crude oil gathering services, and interstate and intrastate natural gas pipeline transportation and storage services primarily to its producer, power plant, local distribution company, and industrial end-user customers. As of December 31, 2018, the company owned and operated interconnected electric generation, transmission, and distribution systems, including 11 generating stations with an aggregate capability of 6,616 megawatts; and transmission systems comprising 52 substations and 5,100 structure miles of lines in Oklahoma, and 7 substations and 277 structure miles of lines in Arkansas. Its distribution systems include 345 substations; 29,345 structure miles of overhead lines; 2,940 miles of underground conduit; and 10,932 miles of underground conductors in Oklahoma, as well as 30 substations, 2,786 structure miles of overhead lines, 297 miles of underground conduit, and 685 miles of underground conductors in Arkansas. The company was founded in 1902 and is headquartered in Oklahoma City, Oklahoma.
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OGE Energy logo

Beat the Market (BTM) Rank

Analyst Opinion: 2.2Community Rank: 1.9Dividend Strength: 5.0Insider Behavior: 4.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.74 out of 5 stars


Industry, Sector and Symbol

Industry Electric services
Sub-IndustryElectric Utilities
SectorUtilities
CUSIP67083710
Phone405-553-3000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.23 billion
Cash Flow$3.95 per share
Book Value$17.75 per share

Profitability

Net Income$433.60 million

Miscellaneous

Employees2,425
Market Cap$6.38 billion
Next Earnings Date8/13/2020 (Estimated)
OptionableOptionable

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OGE Energy (NYSE:OGE) Frequently Asked Questions

How has OGE Energy's stock been impacted by COVID-19 (Coronavirus)?

OGE Energy's stock was trading at $34.03 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, OGE shares have decreased by 6.3% and is now trading at $31.89. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of OGE Energy?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for OGE Energy in the last year. There are currently 4 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for OGE Energy.

When is OGE Energy's next earnings date?

OGE Energy is scheduled to release its next quarterly earnings announcement on Thursday, August 13th 2020. View our earnings forecast for OGE Energy.

How were OGE Energy's earnings last quarter?

OGE Energy Corp. (NYSE:OGE) posted its earnings results on Thursday, May, 7th. The utilities provider reported ($2.46) EPS for the quarter, missing analysts' consensus estimates of $0.20 by $2.66. The utilities provider had revenue of $431.30 million for the quarter, compared to analyst estimates of $500.27 million. OGE Energy had a positive return on equity of 10.86% and a negative net margin of 4.85%. The business's quarterly revenue was down 12.0% on a year-over-year basis. During the same quarter last year, the business posted $0.24 EPS. View OGE Energy's earnings history.

How often does OGE Energy pay dividends? What is the dividend yield for OGE Energy?

OGE Energy declared a quarterly dividend on Friday, May 22nd. Stockholders of record on Friday, July 10th will be paid a dividend of $0.3875 per share on Thursday, July 30th. This represents a $1.55 dividend on an annualized basis and a dividend yield of 4.86%. The ex-dividend date is Thursday, July 9th. View OGE Energy's dividend history.

What guidance has OGE Energy issued on next quarter's earnings?

OGE Energy updated its FY 2020 Pre-Market earnings guidance on Thursday, May, 7th. The company provided EPS guidance of 2.08-2.18 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.19.

What price target have analysts set for OGE?

6 Wall Street analysts have issued 1-year target prices for OGE Energy's shares. Their forecasts range from $28.00 to $45.00. On average, they anticipate OGE Energy's share price to reach $34.33 in the next year. This suggests a possible upside of 7.7% from the stock's current price. View analysts' price targets for OGE Energy.

What are Wall Street analysts saying about OGE Energy stock?

Here are some recent quotes from research analysts about OGE Energy stock:
  • 1. According to Zacks Investment Research, "OGE Energy’s fourth-quarter 2019 earnings missed the Zacks Consensus Estimate. Being the largest electric utility in Oklahoma, its well-positioned, regulated utility and unregulated midstream gas businesses continue to offset the prevailing tailwinds. It is pursuing an aggressive investment strategy to upgrade its infrastructure. OGE Energy plans to spend around $3.51 billion between 2020 and 2024. However, it faces challenges in the form of severe weather conditions like hurricanes and snowstorms, which result in the breakdown and damage of transmission and distribution lines. Also, environmental regulation tends to increase the cost of planning, design and operation of OG&E facilities. Such hefty expenditure might keep its bottom line under pressure. Its shares have underperformed the industry in the past year." (3/11/2020)
  • 2. Evercore ISI analysts commented, "We assume no equity dilution due to cash flow from ENBL. For FY ’19 we model the utility hitting the high end of $1.55-1.62 EPS guidance as July has seen strong weather plus we expect a $0.14 benefit from rate relief in the second half. This drives OGE’s overall EPS in FY ’19 to $2.13/share, more or less the mid-point of consolidated EPS guidance." (8/11/2019)

Has OGE Energy been receiving favorable news coverage?

News coverage about OGE stock has been trending very negative this week, according to InfoTrie. The research firm identifies negative and positive media coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. OGE Energy earned a news sentiment score of -3.0 on InfoTrie's scale. They also assigned media coverage about the utilities provider a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the company's share price in the near future. View the latest news aboutOGE Energy.

Are investors shorting OGE Energy?

OGE Energy saw a increase in short interest in May. As of May 15th, there was short interest totaling 2,420,000 shares, an increase of 28.7% from the April 30th total of 1,880,000 shares. Based on an average daily trading volume, of 1,950,000 shares, the short-interest ratio is currently 1.2 days. Approximately 1.2% of the shares of the stock are sold short. View OGE Energy's Current Options Chain.

Who are some of OGE Energy's key competitors?

What other stocks do shareholders of OGE Energy own?

Based on aggregate information from My MarketBeat watchlists, some companies that other OGE Energy investors own include AT&T (T), Energy Transfer LP Unit (ET), Dominion Energy (D), Exxon Mobil (XOM), American Electric Power (AEP), ONEOK (OKE), Verizon Communications (VZ), Ford Motor (F), Marathon Petroleum (MPC) and Pfizer (PFE).

Who are OGE Energy's key executives?

OGE Energy's management team includes the following people:
  • Mr. Robert Sean Trauschke, Chairman, Pres & CEO (Age 52)
  • Mr. Stephen E. Merrill, Chief Financial Officer (Age 54)
  • Mr. William H. Sultemeier, Gen. Counsel (Age 51)
  • Mr. E. Keith Mitchell, Chief Operating Officer of Oklahoma Gas & Electric Company (Age 57)
  • Mr. Jean C. Leger Jr., VP of Utility Operations - Oklahoma Gas & Electric Company (Age 60)

What is OGE Energy's stock symbol?

OGE Energy trades on the New York Stock Exchange (NYSE) under the ticker symbol "OGE."

Who are OGE Energy's major shareholders?

OGE Energy's stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (14.14%), State Street Corp (3.83%), Bank of New York Mellon Corp (1.65%), Geode Capital Management LLC (1.52%), First Trust Advisors LP (1.13%) and Invesco Ltd. (1.12%). Company insiders that own OGE Energy stock include Andrea M Dennis, Charles B Walworth, Cristina F Mcquistion, Frank A Bozich, J Michael Sanner, Jerry A Peace, Kenneth R Grant and Patricia D Horn. View institutional ownership trends for OGE Energy.

Which institutional investors are selling OGE Energy stock?

OGE stock was sold by a variety of institutional investors in the last quarter, including Janus Henderson Group PLC, BlackRock Inc., Robeco Institutional Asset Management B.V., UBS Group AG, MERIAN GLOBAL INVESTORS UK Ltd, Victory Capital Management Inc., Victory Capital Management Inc., and Deutsche Bank AG. View insider buying and selling activity for OGE Energy.

Which institutional investors are buying OGE Energy stock?

OGE stock was acquired by a variety of institutional investors in the last quarter, including APG Asset Management N.V., SG Americas Securities LLC, Bessemer Group Inc., Squarepoint Ops LLC, Geode Capital Management LLC, First Trust Advisors LP, Swiss National Bank, and AJO LP. Company insiders that have bought OGE Energy stock in the last two years include Andrea M Dennis, and Frank A Bozich. View insider buying and selling activity for OGE Energy.

How do I buy shares of OGE Energy?

Shares of OGE can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is OGE Energy's stock price today?

One share of OGE stock can currently be purchased for approximately $31.89.

How big of a company is OGE Energy?

OGE Energy has a market capitalization of $6.38 billion and generates $2.23 billion in revenue each year. The utilities provider earns $433.60 million in net income (profit) each year or $2.16 on an earnings per share basis. OGE Energy employs 2,425 workers across the globe.

What is OGE Energy's official website?

The official website for OGE Energy is www.oge.com.

How can I contact OGE Energy?

OGE Energy's mailing address is 321 N HARVEY P.O. BOX 321, OKLAHOMA CITY OK, 73101. The utilities provider can be reached via phone at 405-553-3000.

This page was last updated on 5/28/2020 by MarketBeat.com Staff

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