OGE Energy Corp. (NYSE:OGE) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $45.95 and last traded at $45.81, with a volume of 3824 shares trading hands. The stock had previously closed at $45.81.

A number of brokerages have issued reports on OGE. UBS Group reduced their price target on shares of OGE Energy from $45.00 to $43.00 and set a “neutral” rating on the stock in a report on Tuesday, November 26th. Evercore ISI reiterated a “hold” rating and issued a $42.00 price target on shares of OGE Energy in a report on Monday, December 2nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $43.50.

The business’s fifty day simple moving average is $44.14 and its 200-day simple moving average is $43.44. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.59 and a current ratio of 0.79. The company has a market capitalization of $9.09 billion, a P/E ratio of 20.38, a P/E/G ratio of 4.69 and a beta of 0.48.

OGE Energy (NYSE:OGE) last posted its earnings results on Thursday, November 7th. The utilities provider reported $1.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.14. OGE Energy had a net margin of 19.94% and a return on equity of 11.20%. The firm had revenue of $755.40 million for the quarter, compared to the consensus estimate of $728.22 million. During the same period in the previous year, the firm posted $1.02 EPS. The business’s quarterly revenue was up 8.1% on a year-over-year basis. As a group, analysts forecast that OGE Energy Corp. will post 2.26 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 30th. Stockholders of record on Friday, January 10th will be issued a $0.3875 dividend. The ex-dividend date of this dividend is Thursday, January 9th. This represents a $1.55 dividend on an annualized basis and a dividend yield of 3.38%. OGE Energy’s dividend payout ratio (DPR) is presently 73.11%.

Several institutional investors have recently bought and sold shares of OGE. Morgan Stanley increased its holdings in shares of OGE Energy by 6.2% in the 2nd quarter. Morgan Stanley now owns 285,972 shares of the utilities provider’s stock worth $12,172,000 after buying an additional 16,803 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in shares of OGE Energy in the 2nd quarter worth about $543,000. UBS Asset Management Americas Inc. grew its holdings in OGE Energy by 11.9% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 812,370 shares of the utilities provider’s stock valued at $34,574,000 after purchasing an additional 86,671 shares during the last quarter. Victory Capital Management Inc. grew its holdings in OGE Energy by 4.7% during the 2nd quarter. Victory Capital Management Inc. now owns 479,751 shares of the utilities provider’s stock valued at $20,418,000 after purchasing an additional 21,710 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in OGE Energy by 2.5% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 218,838 shares of the utilities provider’s stock valued at $9,314,000 after purchasing an additional 5,252 shares during the last quarter. Hedge funds and other institutional investors own 65.53% of the company’s stock.

OGE Energy Company Profile (NYSE:OGE)

OGE Energy Corp., together with its subsidiaries, operates as an energy and energy services provider that provides physical delivery and related services for electricity and natural gas primarily in the south central United States. It operates in two segments, Electric Utility and Natural Gas Midstream Operations.

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