OGE Energy Corp. (OGE) to Issue Quarterly Dividend of $0.42 on April 25th

OGE Energy Corp. (NYSE:OGE) announced a quarterly dividend on Tuesday, February 18th, RTT News reports. Shareholders of record on Monday, April 7th will be paid a dividend of 0.4213 per share by the utilities provider on Friday, April 25th. This represents a $1.69 dividend on an annualized basis and a dividend yield of 3.86%. The ex-dividend date of this dividend is Monday, April 7th.

OGE Energy has increased its dividend payment by an average of 1.1% per year over the last three years and has increased its dividend every year for the last 18 years. OGE Energy has a payout ratio of 69.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect OGE Energy to earn $2.42 per share next year, which means the company should continue to be able to cover its $1.69 annual dividend with an expected future payout ratio of 69.8%.

OGE Energy Price Performance

OGE Energy stock opened at $43.69 on Friday. The company has a current ratio of 0.73, a quick ratio of 0.51 and a debt-to-equity ratio of 1.08. The stock has a market cap of $8.80 billion, a P/E ratio of 19.86, a PEG ratio of 3.30 and a beta of 0.57. The company has a 50-day moving average price of $44.27 and a 200 day moving average price of $42.49. OGE Energy has a 12-month low of $32.37 and a 12-month high of $46.91.

Analyst Ratings Changes

Several research firms have recently commented on OGE. LADENBURG THALM/SH SH raised shares of OGE Energy to a “hold” rating in a research report on Monday, March 17th. Evercore ISI raised OGE Energy from an “in-line” rating to an “outperform” rating and raised their target price for the stock from $40.00 to $47.00 in a research note on Tuesday, January 21st. Finally, Barclays upped their price target on OGE Energy from $42.00 to $44.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 25th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $45.67.

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.