OGE Energy (OGE) to Release Earnings on Tuesday

OGE Energy (NYSE:OGE) will be releasing its earnings data before the market opens on Tuesday, November 5th. Analysts expect OGE Energy to post earnings of $1.19 per share for the quarter. OGE Energy has set its FY24 guidance at $2.06-2.18 EPS and its FY 2024 guidance at 2.060-2.180 EPS.Investors interested in listening to the company’s conference call can do so using this link.

OGE Energy (NYSE:OGE) last announced its quarterly earnings results on Wednesday, August 7th. The utilities provider reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.05. The business had revenue of $662.60 million during the quarter, compared to analysts’ expectations of $837.51 million. OGE Energy had a return on equity of 9.15% and a net margin of 14.83%. The business’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter last year, the business posted $0.44 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 Trading Down 0.8 %

NYSE:OGE opened at $39.66 on Monday. The company has a market capitalization of $7.97 billion, a PE ratio of 19.44, a price-to-earnings-growth ratio of 3.56 and a beta of 0.74. OGE Energy has a 52-week low of $32.06 and a 52-week high of $41.48. The stock has a fifty day simple moving average of $40.31 and a 200-day simple moving average of $37.82. The company has a quick ratio of 0.36, a current ratio of 0.71 and a debt-to-equity ratio of 1.08.

OGE Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Monday, October 7th were given a dividend of $0.4213 per share. The ex-dividend date was Monday, October 7th. This represents a $1.69 dividend on an annualized basis and a yield of 4.25%. This is a boost from OGE Energy’s previous quarterly dividend of $0.42. OGE Energy’s payout ratio is presently 82.35%.

Analysts Set New Price Targets

OGE has been the subject of a number of recent research reports. Evercore ISI raised their price objective on shares of OGE Energy from $36.00 to $40.00 and gave the stock an “in-line” rating in a research note on Thursday, August 8th. Jefferies Financial Group initiated coverage on OGE Energy in a research report on Thursday, September 19th. They set a “buy” rating and a $46.00 price target for the company. Finally, Barclays upped their price objective on OGE Energy from $39.00 to $42.00 and gave the company an “equal weight” rating in a research report on Monday, October 21st. Six 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 $39.40.

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.