OGE Energy Corporation (OGE) Expected to Post FY2020 Earnings of $2.04 Per Share
OGE Energy Corporation (NYSE:OGE) – Equities research analysts at Jefferies Group issued their FY2020 EPS estimates for shares of OGE Energy Corporation in a research note issued on Wednesday. Jefferies Group analyst A. Crowdell anticipates that the utilities provider will earn $2.04 per share for the year. Jefferies Group has a “Hold” rating and a $37.00 price target on the stock.
Several other equities analysts have also recently weighed in on the company. Goldman Sachs Group, Inc. (The) initiated coverage on OGE Energy Corporation in a report on Thursday, July 20th. They issued a “neutral” rating and a $35.00 price objective for the company. BidaskClub raised OGE Energy Corporation from a “sell” rating to a “hold” rating in a report on Monday, July 24th. Zacks Investment Research raised OGE Energy Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, May 23rd. Evercore ISI initiated coverage on OGE Energy Corporation in a report on Monday, July 24th. They issued an “outperform” rating and a $37.00 price objective for the company. Finally, KeyCorp reaffirmed a “hold” rating on shares of OGE Energy Corporation in a report on Friday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $35.17.
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OGE Energy Corporation (NYSE:OGE) traded up 0.22% on Friday, reaching $35.80. The company’s stock had a trading volume of 321,566 shares. The company has a market cap of $7.15 billion, a P/E ratio of 18.74 and a beta of 0.88. OGE Energy Corporation has a 12 month low of $29.57 and a 12 month high of $37.40. The company has a 50-day moving average price of $35.67 and a 200 day moving average price of $35.34.
OGE Energy Corporation (NYSE:OGE) last released its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.05. OGE Energy Corporation had a return on equity of 11.06% and a net margin of 16.50%. The firm had revenue of $586.40 million during the quarter, compared to analyst estimates of $563 million. During the same period in the prior year, the company posted $0.35 earnings per share. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year.
In other news, insider H Scott Forbes sold 4,670 shares of the business’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $36.19, for a total transaction of $169,007.30. Following the completion of the transaction, the insider now owns 18,311 shares of the company’s stock, valued at approximately $662,675.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Luke R. Corbett sold 1,250 shares of the business’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $36.31, for a total value of $45,387.50. The disclosure for this sale can be found here. 0.48% of the stock is currently owned by insiders.
Institutional investors have recently bought and sold shares of the company. Ameritas Investment Partners Inc. boosted its position in OGE Energy Corporation by 1.5% in the second quarter. Ameritas Investment Partners Inc. now owns 59,762 shares of the utilities provider’s stock worth $2,079,000 after buying an additional 892 shares during the period. The Manufacturers Life Insurance Company boosted its position in OGE Energy Corporation by 0.4% in the second quarter. The Manufacturers Life Insurance Company now owns 1,234,376 shares of the utilities provider’s stock worth $42,944,000 after buying an additional 4,932 shares during the period. BlueCrest Capital Management Ltd boosted its position in OGE Energy Corporation by 523.1% in the second quarter. BlueCrest Capital Management Ltd now owns 70,240 shares of the utilities provider’s stock worth $2,444,000 after buying an additional 58,968 shares during the period. Janus Henderson Group PLC boosted its position in OGE Energy Corporation by 4,697.0% in the second quarter. Janus Henderson Group PLC now owns 990,059 shares of the utilities provider’s stock worth $34,444,000 after buying an additional 969,420 shares during the period. Finally, Prudential PLC boosted its position in OGE Energy Corporation by 11.5% in the second quarter. Prudential PLC now owns 8,700 shares of the utilities provider’s stock worth $303,000 after buying an additional 900 shares during the period. 62.52% of the stock is owned by institutional investors.
OGE Energy Corporation 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 primarily in the south central United States. The Company operates through two 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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