Brokerages Set OGE Energy Corporation (NYSE:OGE) Target Price at $47.13

Shares of OGE Energy Corporation (NYSE:OGE) have received an average rating of “Hold” from the ten brokerages that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $47.1250.

Several analysts have commented on OGE shares. BMO Capital Markets assumed coverage on shares of OGE Energy in a research report on Tuesday, January 13th. They set a “market perform” rating and a $45.00 target price for the company. UBS Group reduced their target price on OGE Energy from $45.00 to $44.00 and set a “neutral” rating on the stock in a report on Wednesday, December 17th. Barclays decreased their target price on OGE Energy from $51.00 to $49.00 and set an “overweight” rating for the company in a research report on Thursday, January 22nd. Jefferies Financial Group increased their price target on shares of OGE Energy from $52.00 to $55.00 and gave the company a “buy” rating in a research report on Wednesday, October 22nd. Finally, Mizuho lifted their price objective on shares of OGE Energy from $45.00 to $47.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 29th.

OGE Energy Stock Performance

OGE Energy stock opened at $45.27 on Friday. The company has a market cap of $9.12 billion, a PE ratio of 18.18, a PEG ratio of 2.66 and a beta of 0.62. The company has a current ratio of 0.80, a quick ratio of 0.52 and a debt-to-equity ratio of 1.12. OGE Energy has a 1 year low of $40.80 and a 1 year high of $47.33. The company’s 50-day moving average is $43.23 and its two-hundred day moving average is $44.43.

OGE Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Monday, January 5th were issued a $0.425 dividend. The ex-dividend date of this dividend was Monday, January 5th. This represents a $1.70 annualized dividend and a dividend yield of 3.8%. OGE Energy’s payout ratio is 68.27%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Capital A Wealth Management LLC lifted its holdings in shares of OGE Energy by 5,157.1% during the 2nd quarter. Capital A Wealth Management LLC now owns 736 shares of the utilities provider’s stock valued at $33,000 after purchasing an additional 722 shares in the last quarter. Quest 10 Wealth Builders Inc. lifted its stake in OGE Energy by 618.3% in the fourth quarter. Quest 10 Wealth Builders Inc. now owns 783 shares of the utilities provider’s stock valued at $33,000 after buying an additional 674 shares in the last quarter. State of Wyoming acquired a new position in shares of OGE Energy in the second quarter valued at approximately $34,000. Golden State Wealth Management LLC increased its position in shares of OGE Energy by 427.0% during the second quarter. Golden State Wealth Management LLC now owns 780 shares of the utilities provider’s stock worth $35,000 after acquiring an additional 632 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd raised its holdings in shares of OGE Energy by 49.4% during the third quarter. Caitong International Asset Management Co. Ltd now owns 771 shares of the utilities provider’s stock worth $36,000 after acquiring an additional 255 shares during the period. 71.84% of the stock is owned by institutional investors and hedge funds.

OGE Energy Company Profile

OGE Energy Corp. (NYSE:OGE) is an energy and infrastructure holding company headquartered in Oklahoma City, Oklahoma. Through its principal subsidiary, Oklahoma Gas & Electric Company, the company provides regulated electric service to residential, commercial and industrial customers across Oklahoma and western Arkansas. Its diversified generation mix includes coal, natural gas and wind-powered facilities, complemented by ongoing investments in grid modernization and smart technology to enhance reliability and customer satisfaction.

In addition to its core electric utility operations, OGE Energy Corp.