OGE Energy (NYSE:OGE) Updates FY25 Earnings Guidance

OGE Energy (NYSE:OGE) issued an update on its FY25 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $2.21-$2.33 for the period, compared to the consensus earnings per share estimate of $2.28. OGE Energy also updated its FY 2025 guidance to 2.210-2.330 EPS.

OGE Energy Stock Down 0.7 %

Shares of OGE Energy stock traded down $0.29 during midday trading on Thursday, hitting $43.73. The company’s stock had a trading volume of 142,305 shares, compared to its average volume of 860,088. The firm has a market capitalization of $8.79 billion, a P/E ratio of 22.61, a PEG ratio of 3.28 and a beta of 0.78. The stock has a 50-day simple moving average of $42.01 and a 200-day simple moving average of $41.29. The company has a quick ratio of 0.51, a current ratio of 0.86 and a debt-to-equity ratio of 1.09. OGE Energy has a 1-year low of $32.37 and a 1-year high of $44.72.

OGE Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, April 7th will be given a dividend of $0.4213 per share. This represents a $1.69 dividend on an annualized basis and a yield of 3.85%. OGE Energy’s payout ratio is 87.05%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on OGE. Evercore ISI raised OGE Energy from an “in-line” rating to an “outperform” rating and lifted their price objective for the company from $40.00 to $47.00 in a research report on Tuesday, January 21st. Barclays reduced their price objective 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. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $45.00.

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.