OGE Energy (OGE) Set to Announce Earnings on Wednesday

OGE Energy (NYSE:OGE) is scheduled to post its quarterly earnings results before the market opens on Wednesday, May 1st. Analysts expect OGE Energy to post earnings of $0.35 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

OGE Energy (NYSE:OGE) last released its earnings results on Tuesday, February 20th. The utilities provider reported $0.24 EPS for the quarter, beating the consensus estimate of $0.20 by $0.04. The firm had revenue of $566.70 million during the quarter, compared to analyst estimates of $986.67 million. OGE Energy had a return on equity of 9.37% and a net margin of 15.59%. The business’s quarterly revenue was down 20.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.25 earnings per share. On average, analysts expect OGE Energy to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

OGE Energy Stock Performance

OGE Energy stock opened at $33.82 on Monday. The firm has a market capitalization of $6.78 billion, a P/E ratio of 16.34, a PEG ratio of 3.17 and a beta of 0.73. The stock has a fifty day moving average price of $33.64 and a 200 day moving average price of $34.08. OGE Energy has a 52 week low of $31.25 and a 52 week high of $38.04. The company has a current ratio of 0.65, a quick ratio of 0.30 and a debt-to-equity ratio of 0.96.

OGE Energy Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 26th. Shareholders of record on Monday, April 8th were paid a dividend of $0.418 per share. The ex-dividend date was Friday, April 5th. This represents a $1.67 annualized dividend and a yield of 4.94%. OGE Energy’s dividend payout ratio is presently 80.68%.

Insider Activity

In related news, VP Cristina F. Mcquistion sold 4,187 shares of the stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $33.92, for a total value of $142,023.04. Following the completion of the transaction, the vice president now owns 25,926 shares of the company’s stock, valued at $879,409.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.53% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on OGE shares. Barclays lowered OGE Energy from an “overweight” rating to an “equal weight” rating and set a $34.00 price target for the company. in a research note on Monday, April 22nd. LADENBURG THALM/SH SH lowered OGE Energy from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $36.00 to $34.00 in a research note on Tuesday, January 16th. TheStreet lowered OGE Energy from a “b” rating to a “c+” rating in a research note on Wednesday, February 21st. Finally, StockNews.com upgraded OGE Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, April 23rd. Five analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $33.40.

About OGE Energy

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