OGE Energy Corp. (NYSE:OGE)’s share price crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $43.02 and traded as high as $43.53. OGE Energy shares last traded at $43.14, with a volume of 16,850 shares changing hands.

Several research firms have recently commented on OGE. Goldman Sachs Group reissued a “neutral” rating and issued a $393.00 price target on shares of Boeing in a research report on Monday, April 8th. Zacks Investment Research lowered GALP ENERGIA SG/ADR from a “hold” rating to a “sell” rating in a report on Monday, May 6th. Finally, Mizuho set a $11.00 price objective on Teva Pharmaceutical Industries and gave the company a “hold” rating in a report on Monday, June 17th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $39.92.

The company has a debt-to-equity ratio of 0.73, a current ratio of 0.51 and a quick ratio of 0.33. The firm’s 50 day moving average price is $43.02. The firm has a market cap of $8.63 billion, a price-to-earnings ratio of 20.16, a price-to-earnings-growth ratio of 4.39 and a beta of 0.51.

OGE Energy (NYSE:OGE) last posted its earnings results on Thursday, May 2nd. The utilities provider reported $0.24 EPS for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.01). OGE Energy had a return on equity of 10.51% and a net margin of 18.42%. The firm had revenue of $490.00 million for the quarter, compared to analyst estimates of $490.14 million. During the same quarter last year, the firm posted $0.27 EPS. The firm’s revenue for the quarter was down .5% on a year-over-year basis. Sell-side analysts forecast that OGE Energy Corp. will post 2.14 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 30th. Stockholders of record on Wednesday, July 10th will be issued a dividend of $0.365 per share. The ex-dividend date is Tuesday, July 9th. This represents a $1.46 dividend on an annualized basis and a dividend yield of 3.42%. OGE Energy’s dividend payout ratio is currently 68.87%.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Norges Bank bought a new position in shares of OGE Energy in the fourth quarter valued at about $84,019,000. American Century Companies Inc. boosted its stake in shares of OGE Energy by 81.1% in the fourth quarter. American Century Companies Inc. now owns 1,959,360 shares of the utilities provider’s stock worth $76,787,000 after buying an additional 877,438 shares during the last quarter. Millennium Management LLC boosted its stake in shares of OGE Energy by 106.9% in the fourth quarter. Millennium Management LLC now owns 1,486,870 shares of the utilities provider’s stock worth $58,270,000 after buying an additional 768,331 shares during the last quarter. APG Asset Management N.V. purchased a new stake in shares of OGE Energy in the fourth quarter worth about $25,201,000. Finally, Janus Henderson Group PLC boosted its position in OGE Energy by 80.4% during the first quarter. Janus Henderson Group PLC now owns 1,638,750 shares of the utilities provider’s stock worth $70,663,000 after purchasing an additional 730,486 shares in the last quarter. Hedge funds and other institutional investors own 68.43% of the company’s stock.

About OGE Energy (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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