OGE Energy Corp. (NYSE:OGE) declares a quarterly dividend of $0.42

OGE Energy Corp. (NYSE:OGE – Get Free Report ) declared a quarterly dividend on Monday, September 23rd, NASDAQ reports. Stockholders of record on Monday, October 7th will be given a dividend of 0.4213 per share by the utilities provider on Friday, October 25th. This represents a dividend of $1.69 on an annualized basis and a yield of 4.13%. The ex-dividend date is Monday, October 7. This is an increase from OGE Energy’s previous quarterly dividend of $0.42.

OGE Energy has a dividend payout ratio of 73.6%, meaning its dividend is sufficiently covered by earnings. Research analysts expect OGE Energy to earn $2.26 per share next year, which means the company should be able to continue to cover its $1.67 annual dividend with an estimated future payout ratio of 73. 9%

OGE energy price performance

Shares of NYSE OGE traded down $0.22 during mid-day trading on Tuesday, reaching $40.77. The company had a trading volume of 1,044,906 shares, compared to its average volume of 1,340,623. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.36, and a current ratio of 0.71. OGE Energy has a one year low of $31.25 and a one year high of $41.48. The firm has a market cap of $8.18 billion, a price-to-earnings ratio of 20.73, a PEG ratio of 3.75 and a beta of 0.74. The company’s 50-day simple moving average is $39.23, and its 200-day simple moving average is $36.47.

OGE Energy (NYSE:OGE – Get Your Free Report ) last announced its quarterly earnings data on Wednesday, August 7th. The utilities provider reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.05. The business had revenue of $662.60 million during the quarter, compared to the consensus estimate of $837.51 million. OGE Energy had a return on equity of 9.15% and a net margin of 14.83%. OGE Energy’s revenue for the quarter was up 9.5% year over year. During the same period in the previous year, the company earned $0.44 EPS. On average, research analysts anticipate that OGE Energy will post 2.14 earnings per share for the current fiscal year.

The Wall Street analyst weighs in

A number of analysts have analyzed the shares. Jefferies Financial Group began coverage on shares of OGE Energy in a research note on Thursday, September 19th. They set a “buy” rating and a $46.00 price target on the stock. Evercore ISI upped their target price on OGE Energy from $36.00 to $40.00 and gave the stock an “in-line” rating in a report on Thursday, August 8th. Finally, Barclays raised their target price on OGE Energy from $36.00 to $39.00 and gave the company an “equal weight” rating in a research note on Monday, August 12th. Seven research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $36.86.

Check out the latest stock analysis on OGE Energy

OGE Energy company profile

(Get a free report)

OGE Energy Corp., together with its subsidiaries, operates as an energy service provider in the United States. The company generates, transmits, distributes and sells electricity. In addition, it provides retail electric service to approximately 896,000 customers covering a service area of ​​approximately 30,000 square miles in Oklahoma and western Arkansas; and owns and operates coal, natural gas, wind and solar generation assets.

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