Analysts Set OGE Energy Corp. (NYSE:OGE) Price Target at $45.67

Shares of OGE Energy Corp. (NYSE:OGE) have earned an average rating of “Hold” from the five ratings firms that are covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $45.67.

Several research firms have issued reports on OGE. Evercore ISI upgraded shares of OGE Energy from an “in-line” rating to an “outperform” rating and upped their price objective for the company from $40.00 to $47.00 in a research note on Tuesday, January 21st. Barclays upped their price objective on shares of OGE Energy from $42.00 to $44.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 25th. Finally, LADENBURG THALM/SH SH upgraded shares of OGE Energy to a “hold” rating in a research note on Monday, March 17th.

OGE Energy Stock Performance

NYSE:OGE opened at $44.95 on Wednesday. The firm has a market capitalization of $9.05 billion, a PE ratio of 20.43, a price-to-earnings-growth ratio of 3.30 and a beta of 0.70. The business’s fifty day moving average price is $43.65 and its 200 day moving average price is $42.13. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.73 and a quick ratio of 0.51. OGE Energy has a 12 month low of $32.37 and a 12 month high of $46.54.

OGE Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, April 7th will be given a dividend of $0.4213 per share. The ex-dividend date is Monday, April 7th. This represents a $1.69 dividend on an annualized basis and a dividend yield of 3.75%. OGE Energy’s payout ratio is 76.36%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of OGE. Headlands Technologies LLC purchased a new stake in OGE Energy during the 4th quarter worth $27,000. Bessemer Group Inc. grew its holdings in OGE Energy by 102.0% during the fourth quarter. Bessemer Group Inc. now owns 715 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 361 shares during the period. Stonebridge Financial Group LLC acquired a new position in OGE Energy during the fourth quarter valued at approximately $35,000. Principal Securities Inc. boosted its holdings in shares of OGE Energy by 204.7% in the fourth quarter. Principal Securities Inc. now owns 981 shares of the utilities provider’s stock valued at $40,000 after buying an additional 659 shares during the period. Finally, BankPlus Trust Department acquired a new position in shares of OGE Energy in the fourth quarter valued at approximately $44,000. 71.84% of the stock is currently owned by institutional investors and hedge funds.

OGE Energy Company Profile

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.