OGE Energy (NYSE:OGE) Announces Quarterly Earnings Results

OGE Energy (NYSE:OGE) released its quarterly earnings results on Wednesday. The utilities provider reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.03, Briefing.com reports. OGE Energy had a return on equity of 8.59% and a net margin of 13.89%. The company had revenue of $760.50 million for the quarter, compared to analysts’ expectations of $750.80 million. During the same quarter in the previous year, the company posted $0.24 earnings per share. The business’s revenue for the quarter was up 34.2% compared to the same quarter last year. OGE Energy updated its FY 2025 guidance to 2.210-2.330 EPS and its FY25 guidance to $2.21-$2.33 EPS.

OGE Energy Stock Performance

OGE Energy stock opened at $44.08 on Thursday. OGE Energy has a fifty-two week low of $32.37 and a fifty-two week high of $44.72. The firm’s 50 day simple moving average is $42.01 and its 200-day simple moving average is $41.29. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.86 and a quick ratio of 0.51. The company has a market cap of $8.86 billion, a P/E ratio of 22.84, a price-to-earnings-growth ratio of 3.28 and a beta of 0.78.

OGE Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, April 7th will be paid a dividend of $0.4213 per share. This represents a $1.69 dividend on an annualized basis and a yield of 3.82%. OGE Energy’s dividend payout ratio is presently 87.05%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on OGE shares. Barclays reduced their price target on OGE Energy from $43.00 to $42.00 and set an “equal weight” rating for the company in a research report on Friday, January 24th. Evercore ISI raised shares of OGE Energy from an “in-line” rating to an “outperform” rating and upped their price objective for the stock from $40.00 to $47.00 in a report on Tuesday, January 21st. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, OGE Energy presently has an average rating of “Hold” and a consensus price target of $45.00.

OGE Energy Company Profile

OGE Energy Corp., together with its subsidiaries, operates as an energy services provider in the United States. The company generates, transmits, distributes, and sells electric energy. In addition, it provides retail electric service to approximately 896,000 customers, which covers a service area of approximately 30,000 square miles in Oklahoma and western Arkansas; and owns and operates coal-fired, natural gas-fired, wind-powered, and solar-powered generating assets.