OGE Energy Corporation (OGE) Given Daily News Impact Rating of 0.21
Media headlines about OGE Energy Corporation (NYSE:OGE) have been trending somewhat positive recently, according to Accern Sentiment. The research firm identifies negative and positive media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. OGE Energy Corporation earned a news sentiment score of 0.21 on Accern’s scale. Accern also gave media stories about the utilities provider an impact score of 45.3304327866858 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the media stories that may have effected Accern Sentiment Analysis’s analysis:
- Edison International (EIX) versus OGE Energy Corporation (NYSE:OGE) Critical Contrast (americanbankingnews.com)
- Form 3 OGE ENERGY CORP. For: Aug 01 (streetinsider.com)
- OGE Energy : Power restored in northwest Norman (4-traders.com)
- OGE Energy Corporation (OGE) Lowered to Sell at Zacks Investment Research (americanbankingnews.com)
- Insider Selling: OGE Energy Corporation (OGE) Director Sells 1,250 Shares of Stock (americanbankingnews.com)
Shares of OGE Energy Corporation (NYSE OGE) traded down 0.78% during midday trading on Friday, reaching $35.42. The company’s stock had a trading volume of 775,047 shares. The stock’s 50-day moving average price is $35.26 and its 200-day moving average price is $35.12. The company has a market cap of $7.07 billion, a P/E ratio of 18.54 and a beta of 0.88. OGE Energy Corporation has a 12-month low of $29.57 and a 12-month high of $37.41.
OGE Energy Corporation (NYSE:OGE) last issued its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $0.52 earnings per share for the quarter, topping the Thomson Reuters’ 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 company had revenue of $586.40 million for the quarter, compared to the consensus estimate of $563 million. During the same quarter in the prior year, the business earned $0.35 EPS. OGE Energy Corporation’s revenue was up 6.3% on a year-over-year basis. On average, analysts expect that OGE Energy Corporation will post $1.96 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, July 28th. Shareholders of record on Monday, July 10th were issued a dividend of $0.3025 per share. The ex-dividend date of this dividend was Thursday, July 6th. This represents a $1.21 annualized dividend and a yield of 3.42%. OGE Energy Corporation’s dividend payout ratio (DPR) is 63.35%.
A number of brokerages recently weighed in on OGE. Jefferies Group LLC reaffirmed a “hold” rating and set a $37.00 price objective (up previously from $35.00) on shares of OGE Energy Corporation in a research report on Wednesday. Zacks Investment Research downgraded OGE Energy Corporation from a “hold” rating to a “sell” rating in a research report on Thursday. BidaskClub downgraded OGE Energy Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Evercore ISI began coverage on OGE Energy Corporation in a research report on Monday, July 24th. They set an “outperform” rating and a $37.00 price objective on the stock. Finally, Goldman Sachs Group, Inc. (The) began coverage on OGE Energy Corporation in a research report on Thursday, July 20th. They set a “neutral” rating and a $35.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $35.17.
In other news, Director Luke R. Corbett sold 1,250 shares of the company’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $36.31, for a total transaction of $45,387.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider H Scott Forbes sold 4,670 shares of the company’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $36.19, for a total value of $169,007.30. Following the transaction, the insider now directly owns 18,311 shares of the company’s stock, valued at $662,675.09. The disclosure for this sale can be found here. 0.48% of the stock is owned by corporate insiders.
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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