OGE Energy (NYSE:OGE) issued an update on its FY19 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $2.05 to $2.20 for the period, compared to the Thomson Reuters consensus estimate of $2.14. OGE Energy also updated its FY 2019 guidance to $2.05-2.20 EPS.
Shares of OGE Energy stock traded down $0.12 on Friday, reaching $42.87. The stock had a trading volume of 1,072,222 shares, compared to its average volume of 947,673. OGE Energy has a 1 year low of $35.29 and a 1 year high of $44.40. The stock has a market capitalization of $8.61 billion, a P/E ratio of 20.22, a P/E/G ratio of 4.37 and a beta of 0.49. The company has a current ratio of 0.51, a quick ratio of 0.33 and a debt-to-equity ratio of 0.73. The stock’s 50 day moving average price is $42.97.
OGE Energy (NYSE:OGE) last announced its quarterly earnings results on Thursday, August 8th. The utilities provider reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.01). OGE Energy had a return on equity of 10.17% and a net margin of 18.39%. The firm had revenue of $513.70 million during the quarter, compared to analysts’ expectations of $589.82 million. During the same period in the previous year, the company posted $0.55 earnings per share. The company’s quarterly revenue was down 9.4% compared to the same quarter last year. On average, research analysts forecast that OGE Energy will post 2.14 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, July 30th. Investors of record on Wednesday, July 10th were paid a $0.365 dividend. This represents a $1.46 dividend on an annualized basis and a 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%.
A number of equities research analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of OGE Energy from a buy rating to a hold rating in a research note on Monday, May 6th. Mizuho assumed coverage on shares of OGE Energy in a research note on Monday, June 17th. They issued a neutral rating and a $43.50 target price on the stock. ValuEngine downgraded shares of 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 target price on shares of OGE Energy in a research note on Sunday. Two equities research 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 an average target price of $40.25.
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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