OGE Energy (NYSE:OGE - Get Free Report) issued an update on its FY 2024 earnings guidance on Tuesday morning. The company provided EPS guidance of 2.180-2.180 for the period, compared to the consensus EPS estimate of 2.140. The company issued revenue guidance of -.
Several research analysts have commented on OGE shares. Jefferies Financial Group began coverage on OGE Energy in a report on Thursday, September 19th. They set a "buy" rating and a $46.00 target price on the stock. Barclays increased their target price on shares of OGE Energy from $39.00 to $42.00 and gave the company an "equal weight" rating in a research report on Monday, October 21st. Finally, Evercore ISI upped their price target on shares of OGE Energy from $36.00 to $40.00 and gave the company an "in-line" rating in a research report on Thursday, August 8th. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, OGE Energy presently has a consensus rating of "Hold" and a consensus price target of $39.40.
Get Our Latest Stock Analysis on OGE
Shares of NYSE OGE opened at $39.84 on Tuesday. The stock has a market capitalization of $8.00 billion, a P/E ratio of 19.53, a P/E/G ratio of 3.53 and a beta of 0.74. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.71 and a quick ratio of 0.36. OGE Energy has a 1 year low of $32.06 and a 1 year high of $41.48. The company has a 50-day moving average price of $40.32 and a 200-day moving average price of $37.90.
OGE Energy (NYSE:OGE - Get Free Report) last posted its earnings results on Wednesday, August 7th. The utilities provider reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.05. OGE Energy had a net margin of 14.83% and a return on equity of 9.15%. The firm had revenue of $662.60 million during the quarter, compared to analyst estimates of $837.51 million. During the same quarter in the prior year, the business posted $0.44 EPS. The business's revenue was up 9.5% compared to the same quarter last year. On average, equities research analysts forecast that OGE Energy will post 2.14 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Monday, October 7th were paid a $0.4213 dividend. This represents a $1.69 dividend on an annualized basis and a dividend yield of 4.23%. The ex-dividend date of this dividend was Monday, October 7th. This is an increase from OGE Energy's previous quarterly dividend of $0.42. OGE Energy's payout ratio is presently 82.35%.
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.
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