OGE Energy (NYSE:OGE – Get Free Report) posted its quarterly earnings results on Tuesday. The utilities provider reported $1.09 EPS for the quarter, missing the consensus estimate of $1.12 by ($0.03), Briefing.com reports. OGE Energy had a net margin of 14.83% and a return on equity of 9.15%. The business had revenue of $965.40 million during the quarter, compared to analyst estimates of $1.02 billion. During the same period in the prior year, the business earned $1.20 earnings per share. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. OGE Energy updated its FY 2024 guidance to 2.180-2.180 EPS and its FY24 guidance to $2.06-2.18 EPS.
OGE Energy Stock Performance
OGE Energy stock opened at $42.08 on Thursday. OGE Energy has a fifty-two week low of $32.06 and a fifty-two week high of $42.26. The company has a market capitalization of $8.45 billion, a price-to-earnings ratio of 21.86, a PEG ratio of 3.55 and a beta of 0.74. The stock has a fifty day moving average of $40.41 and a two-hundred day moving average of $37.98. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.36 and a current ratio of 0.71.
OGE Energy Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Monday, October 7th were given a dividend of $0.4213 per share. This is an increase from OGE Energy’s previous quarterly dividend of $0.42. This represents a $1.69 annualized dividend and a dividend yield of 4.00%. The ex-dividend date was Monday, October 7th. OGE Energy’s payout ratio is currently 87.05%.
Wall Street Analyst Weigh In
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About OGE Energy
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.
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