Brokers Set Expectations for OGE Energy Corp.’s Q1 2018 Earnings (OGE)

OGE Energy Corp. (NYSE:OGE) – Equities researchers at KeyCorp issued their Q1 2018 earnings per share estimates for shares of OGE Energy in a note issued to investors on Wednesday, April 18th. KeyCorp analyst P. Ridzon expects that the utilities provider will post earnings per share of $0.18 for the quarter. KeyCorp also issued estimates for OGE Energy’s FY2019 earnings at $2.10 EPS.

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OGE Energy (NYSE:OGE) last announced its earnings results on Thursday, February 22nd. The utilities provider reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.02. The company had revenue of $501.90 million for the quarter, compared to analyst estimates of $531.39 million. OGE Energy had a return on equity of 10.64% and a net margin of 27.38%. The firm’s quarterly revenue was down 5.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.29 earnings per share.

Other analysts have also issued research reports about the company. Zacks Investment Research lowered OGE Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, April 17th. Guggenheim restated a “buy” rating and issued a $35.00 price target on shares of OGE Energy in a research note on Friday, February 23rd. Bank of America upgraded shares of OGE Energy from a “neutral” rating to a “buy” rating and set a $34.00 price target for the company in a research note on Friday, February 23rd. UBS started coverage on shares of OGE Energy in a research note on Friday, February 2nd. They issued a “neutral” rating and a $33.00 price target for the company. Finally, Edward Jones downgraded shares of OGE Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, December 27th. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $36.00.

Shares of NYSE OGE opened at $32.47 on Friday. The company has a market capitalization of $6,542.37, a price-to-earnings ratio of 16.91, a PEG ratio of 2.75 and a beta of 0.67. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.35 and a current ratio of 0.52. OGE Energy has a 52-week low of $29.59 and a 52-week high of $37.32.

Hedge funds have recently modified their holdings of the stock. American International Group Inc. grew its stake in shares of OGE Energy by 1.1% during the fourth quarter. American International Group Inc. now owns 419,818 shares of the utilities provider’s stock worth $13,816,000 after purchasing an additional 4,647 shares in the last quarter. Landscape Capital Management L.L.C. purchased a new stake in OGE Energy in the fourth quarter valued at $1,159,000. Shell Asset Management Co. lifted its position in OGE Energy by 45.0% in the fourth quarter. Shell Asset Management Co. now owns 81,681 shares of the utilities provider’s stock valued at $2,688,000 after acquiring an additional 25,359 shares during the last quarter. SeaCrest Wealth Management LLC purchased a new stake in OGE Energy in the fourth quarter valued at $275,000. Finally, Public Employees Retirement System of Ohio lifted its position in OGE Energy by 74.7% in the third quarter. Public Employees Retirement System of Ohio now owns 152,623 shares of the utilities provider’s stock valued at $5,499,000 after acquiring an additional 65,252 shares during the last quarter. Hedge funds and other institutional investors own 62.89% of the company’s stock.

In other OGE Energy news, Director Peter D. Clarke purchased 1,850 shares of the company’s stock in a transaction on Monday, February 26th. The stock was acquired at an average price of $32.40 per share, for a total transaction of $59,940.00. Following the completion of the purchase, the director now directly owns 1,850 shares in the company, valued at approximately $59,940. The purchase was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.44% of the company’s stock.

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 30th. Shareholders of record on Tuesday, April 10th will be paid a $0.3325 dividend. The ex-dividend date is Monday, April 9th. This represents a $1.33 annualized dividend and a dividend yield of 4.10%. OGE Energy’s dividend payout ratio (DPR) is 69.27%.

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OGE Energy Company Profile

OGE Energy Corp., together with its subsidiaries, operates as an energy and energy services provider that offers physical delivery and related services for electricity and natural gas primarily in the south central United States. The company operates in two segments, Electric Utility and Natural Gas Midstream Operations.

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