OGE Energy (NYSE:OGE) updated its FY 2019 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $2.05-2.20 for the period, compared to the Thomson Reuters consensus estimate of $2.14. OGE Energy also updated its FY19 guidance to $2.05 to $2.20 EPS.
Several research firms have recently issued reports on OGE. Zacks Investment Research lowered OGE Energy from a buy rating to a hold rating in a research note on Monday, May 6th. Mizuho began coverage on OGE Energy in a research note on Monday, June 17th. They issued a neutral rating and a $43.50 price objective for the company. ValuEngine lowered OGE Energy from a buy rating to a hold rating in a research note on Thursday, August 1st. Finally, Evercore ISI reaffirmed a hold rating and issued a $39.00 price objective on shares of OGE Energy in a research note on Sunday. Two investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. OGE Energy has a consensus rating of Hold and a consensus target price of $40.25.
Shares of OGE stock traded down $0.12 on Friday, reaching $42.87. 1,072,222 shares of the company’s stock were exchanged, compared to its average volume of 947,673. OGE Energy has a 52 week low of $35.29 and a 52 week high of $44.40. The company has a quick ratio of 0.33, a current ratio of 0.51 and a debt-to-equity ratio of 0.73. The company has a market cap of $8.61 billion, a PE ratio of 20.22, a PEG ratio of 4.37 and a beta of 0.49. The business has a fifty day moving average of $42.97.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 30th. Investors of record on Wednesday, July 10th were paid a dividend of $0.365 per share. This represents a $1.46 dividend on an annualized basis and a dividend yield of 3.41%. The ex-dividend date of this dividend was Tuesday, July 9th. OGE Energy’s dividend payout ratio is currently 68.87%.
OGE Energy Company Profile
OGE Energy Corp., together with its subsidiaries, operates as an energy and energy services provider that provides physical delivery and related services for electricity and natural gas primarily in the south central United States. It operates in two segments, Electric Utility and Natural Gas Midstream Operations.
Further Reading: What is the 52-week high/low?
Receive News & Ratings for OGE Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for OGE Energy and related companies with MarketBeat.com's FREE daily email newsletter.