OGE Energy Corporation (OGE) Receives Daily Coverage Optimism Rating of 0.20
News headlines about OGE Energy Corporation (NYSE:OGE) have been trending somewhat positive on Saturday, according to Accern Sentiment. The research firm scores the sentiment of news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. OGE Energy Corporation earned a news sentiment score of 0.20 on Accern’s scale. Accern also gave news stories about the utilities provider an impact score of 46.6557587218824 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the news stories that may have impacted Accern’s analysis:
- OGE Energy Corporation (OGE) Ex-Dividend Date Scheduled for October 06, 2017 – Nasdaq (nasdaq.com)
- Ex-Dividend Reminder: OGE Energy, WGL Holdings and Marsh & McLennan Companies (nasdaq.com)
- Dividend Coverage: This Electric Utility Raised its Dividend By 10%; Will Trade Ex-Dividend on October 06, 2017 (finance.yahoo.com)
- ETFs with exposure to OGE Energy Corp. : September 25, 2017 (finance.yahoo.com)
- OGE Energy Corp. breached its 50 day moving average in a Bullish Manner : OGE-US : September 26, 2017 (finance.yahoo.com)
Several equities research analysts recently weighed in on the company. Wells Fargo & Company cut OGE Energy Corporation from an “outperform” rating to a “market perform” rating and set a $38.00 target price for the company. in a report on Friday. KeyCorp restated a “hold” rating on shares of OGE Energy Corporation in a report on Friday, September 1st. BidaskClub upgraded OGE Energy Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. Zacks Investment Research cut OGE Energy Corporation from a “hold” rating to a “sell” rating in a report on Thursday, August 10th. Finally, Jefferies Group LLC restated a “hold” rating and set a $37.00 target price (up from $35.00) on shares of OGE Energy Corporation in a report on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. OGE Energy Corporation currently has an average rating of “Hold” and an average target price of $36.00.
Shares of OGE Energy Corporation (NYSE OGE) opened at 35.58 on Friday. The stock has a market cap of $7.11 billion, a PE ratio of 18.63 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. The firm has a 50-day moving average price of $36.07 and a 200 day moving average price of $35.36.
OGE Energy Corporation (NYSE:OGE) last announced its earnings results on Thursday, August 3rd. The utilities provider reported $0.52 earnings per share (EPS) for the quarter, beating 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 business had revenue of $586.40 million during the quarter, compared to analyst estimates of $563.00 million. During the same quarter in the previous year, the business earned $0.35 earnings per share. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. Equities research analysts expect that OGE Energy Corporation will post $1.97 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 30th. Shareholders of record on Tuesday, October 10th will be given a dividend of $0.333 per share. The ex-dividend date is Friday, October 6th. This represents a $1.33 annualized dividend and a dividend yield of 3.74%. OGE Energy Corporation’s dividend payout ratio (DPR) is presently 63.35%.
In other OGE Energy Corporation news, insider H Scott Forbes sold 4,670 shares of the business’s stock in a transaction that occurred 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 in the company, valued at $662,675.09. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Luke R. Corbett sold 1,250 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The shares were 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 owned by insiders.
About OGE Energy Corporation
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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