OGE Energy (NYSE:OGE) Releases FY 2019 Earnings Guidance

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.

OGE Energy (NYSE:OGE) last issued its quarterly earnings results on Thursday, August 8th. The utilities provider reported $0.50 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.51 by ($0.01). OGE Energy had a return on equity of 10.17% and a net margin of 18.39%. The business had revenue of $513.70 million for the quarter, compared to the consensus estimate of $589.82 million. During the same period in the prior year, the business posted $0.55 earnings per share. OGE Energy’s revenue was down 9.4% on a year-over-year basis. Equities analysts predict that OGE Energy will post 2.14 EPS for the current year.

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.

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