OGE Energy (NYSE:OGE) Posts Quarterly Earnings Results, Beats Estimates By $0.03 EPS

OGE Energy (NYSE:OGE) announced its quarterly earnings results on Wednesday. The utilities provider reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.03, Briefing.com reports. OGE Energy had a net margin of 13.89% and a return on equity of 8.59%. The firm had revenue of $760.50 million for the quarter, compared to the consensus estimate of $750.80 million. During the same period in the prior year, the firm posted $0.24 earnings per share. The firm’s quarterly revenue 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 Price Performance

Shares of OGE traded up $0.28 during trading hours on Wednesday, hitting $44.14. 1,491,537 shares of the stock were exchanged, compared to its average volume of 856,826. The stock’s 50-day moving average price is $41.93 and its two-hundred day moving average price is $41.24. OGE Energy has a 12-month low of $32.37 and a 12-month high of $44.72. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.51 and a current ratio of 0.86. The company has a market cap of $8.87 billion, a price-to-earnings ratio of 22.86, a price-to-earnings-growth ratio of 3.25 and a beta of 0.78.

OGE Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, April 7th will be given a $0.4213 dividend. This represents a $1.69 annualized dividend and a dividend yield of 3.82%. OGE Energy’s dividend payout ratio (DPR) is 87.05%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on OGE shares. Evercore ISI raised shares of OGE Energy from an “in-line” rating to an “outperform” rating and increased their target price for the stock from $40.00 to $47.00 in a research note on Tuesday, January 21st. Barclays lowered their price target on OGE Energy from $43.00 to $42.00 and set an “equal weight” rating on the stock in a research report on Friday, January 24th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company 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.