OGE Energy Corp. (NYSE:OGE) – KeyCorp lowered their FY2017 EPS estimates for shares of OGE Energy Corp. in a research note issued on Tuesday. KeyCorp analyst P. Ridzon now expects that the brokerage will earn $1.95 per share for the year, down from their prior estimate of $2.00.
OGE Energy Corp. (NYSE:OGE) last announced its quarterly earnings data on Thursday, February 23rd. The company reported $0.29 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by $0.07. The firm had revenue of $530.80 million for the quarter, compared to the consensus estimate of $557 million. OGE Energy Corp. had a return on equity of 9.25% and a net margin of 14.24%. The business’s revenue for the quarter was up 18.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.15 earnings per share. ILLEGAL ACTIVITY WARNING: “FY2017 EPS Estimates for OGE Energy Corp. Decreased by KeyCorp (OGE)” was originally published by Web Breaking News and is the sole property of of Web Breaking News. If you are accessing this story on another publication, it was illegally stolen and reposted in violation of U.S. & international copyright and trademark legislation. The original version of this story can be viewed at http://www.webbreakingnews.com/2017/03/25/fy2017-eps-estimates-for-oge-energy-corp-decreased-by-keycorp-oge.html.
Several other research firms have also recently weighed in on OGE. Zacks Investment Research cut OGE Energy Corp. from a “buy” rating to a “hold” rating in a research report on Thursday. Jefferies Group LLC set a $32.00 price objective on OGE Energy Corp. and gave the stock a “hold” rating in a research report on Friday, December 9th. Finally, Barclays PLC increased their price objective on OGE Energy Corp. from $34.00 to $36.00 and gave the stock a “hold” rating in a research report on Friday, January 20th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $33.50.
Shares of OGE Energy Corp. (NYSE:OGE) opened at 35.69 on Thursday. OGE Energy Corp. has a one year low of $27.26 and a one year high of $37.40. The firm’s 50-day moving average price is $35.58 and its 200 day moving average price is $32.94. The company has a market capitalization of $7.13 billion, a PE ratio of 21.12 and a beta of 0.70.
Several hedge funds have recently added to or reduced their stakes in OGE. Ffcm LLC bought a new stake in OGE Energy Corp. during the fourth quarter valued at about $107,000. Strs Ohio bought a new stake in OGE Energy Corp. during the third quarter valued at about $109,000. Assetmark Inc. raised its stake in OGE Energy Corp. by 5.7% in the third quarter. Assetmark Inc. now owns 3,614 shares of the company’s stock valued at $114,000 after buying an additional 194 shares during the period. Mn Services Vermogensbeheer B.V. raised its stake in OGE Energy Corp. by 3.5% in the third quarter. Mn Services Vermogensbeheer B.V. now owns 5,119 shares of the company’s stock valued at $162,000 after buying an additional 171 shares during the period. Finally, Daiwa Securities Group Inc. raised its stake in OGE Energy Corp. by 23.8% in the third quarter. Daiwa Securities Group Inc. now owns 5,200 shares of the company’s stock valued at $164,000 after buying an additional 1,000 shares during the period. 64.13% of the stock is currently owned by institutional investors.
In other news, VP Cristina F. Mcquistion sold 1,013 shares of the stock in a transaction on Tuesday, March 7th. The stock was sold at an average price of $36.75, for a total transaction of $37,227.75. Following the sale, the vice president now directly owns 10,777 shares of the company’s stock, valued at approximately $396,054.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.75% of the company’s stock.
The business also recently announced a quarterly dividend, which will be paid on Friday, April 28th. Stockholders of record on Monday, April 10th will be issued a dividend of $0.3025 per share. This represents a $1.21 annualized dividend and a dividend yield of 3.39%. The ex-dividend date of this dividend is Thursday, April 6th. OGE Energy Corp.’s dividend payout ratio (DPR) is currently 78.07%.
OGE Energy Corp. Company Profile
OGE Energy Corp. (OGE Energy) is an energy and energy services provider offering physical delivery and related services for both electricity and natural gas in the south central United States. The Company operates through two business segments: electric utility and natural gas midstream operations. The electric utility segment generates, transmits, distributes and sells electric energy in Oklahoma and western Arkansas.
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