OGE Energy Corporation Declares Quarterly Dividend of $0.43 (NYSE:OGE)

OGE Energy Corporation (NYSE:OGE) declared a quarterly dividend on Tuesday, February 17th. Shareholders of record on Monday, April 6th will be paid a dividend of 0.425 per share by the utilities provider on Friday, April 24th. This represents a c) annualized dividend and a yield of 3.7%. The ex-dividend date is Monday, April 6th.

OGE Energy has increased its dividend by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 18 years. OGE Energy has a dividend payout ratio of 70.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect OGE Energy to earn $2.42 per share next year, which means the company should continue to be able to cover its $1.70 annual dividend with an expected future payout ratio of 70.2%.

OGE Energy Trading Down 0.9%

Shares of NYSE:OGE traded down $0.43 on Wednesday, hitting $46.47. 2,417,504 shares of the company’s stock were exchanged, compared to its average volume of 1,633,338. The stock has a market capitalization of $9.36 billion, a price-to-earnings ratio of 18.66, a price-to-earnings-growth ratio of 3.36 and a beta of 0.62. OGE Energy has a 12 month low of $40.80 and a 12 month high of $47.61. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.80 and a quick ratio of 0.52. The business’s 50 day simple moving average is $43.51 and its two-hundred day simple moving average is $44.48.

OGE Energy (NYSE:OGE) last posted its quarterly earnings results on Wednesday, February 18th. The utilities provider reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.04. The firm had revenue of $725.80 million during the quarter, compared to the consensus estimate of $277.80 million. OGE Energy had a net margin of 15.28% and a return on equity of 10.77%. The company’s revenue was down 4.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.50 earnings per share. OGE Energy has set its FY 2026 guidance at 2.380-2.480 EPS. Analysts anticipate that OGE Energy will post 2.27 EPS for the current fiscal year.

Wall Street Analyst Weigh In

OGE has been the topic of several recent research reports. Royal Bank Of Canada reiterated a “sector perform” rating on shares of OGE Energy in a report on Friday, January 23rd. UBS Group dropped their price objective on shares of OGE Energy from $45.00 to $44.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 17th. Mizuho lifted their price objective on shares of OGE Energy from $45.00 to $47.00 and gave the company a “neutral” rating in a report on Wednesday, October 29th. Jefferies Financial Group upped their target price on OGE Energy from $52.00 to $55.00 and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Finally, BMO Capital Markets began coverage on OGE Energy in a research report on Tuesday, January 13th. They set a “market perform” rating and a $45.00 target price on the stock. Four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, OGE Energy has a consensus rating of “Hold” and a consensus price target of $47.13.

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.