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Tuesday, September 26, 2023

Momentum Is Strong For OGE Energy Corp. (NYSE: OGE)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for OGE Energy Corp. (OGE) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.05, or -0.14%, to $34.57. The OGE Energy Corp. has recorded 84,758 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed OGE Energy Corp. reports second quarter 2023 results.

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Stocks Info

This NYSE-listed company operates within the Utilities – Regulated Electric industry segment, falling under the Utilities sector. At the end of the last regular session, the stock closed at $34.62 and fluctuated between $34.65 as its day high and $34.00 as its day low. The current market capitalization of OGE Energy Corp. is $6.82B. A total of 1.48 million shares were traded on the day, compared to an average of 1.18M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, OGE has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 35 BUYs and 31 SELLs from insiders. Insiders purchased 151,355 shares during that period but sold 42,744.

In the most recent transaction, HAUSER DAVID L bought 1,000 shares of OGE for 35.09 per share on Mar 14. After the transaction, the Director now owns 3,000 company shares. In a previous transaction on Mar 06, Gates Cathy R. bought 100 shares at 35.85 per share. OGE shares that Director owns now total 100.

Among the insiders who bought shares, RAINBOLT DAVID E acquired of 5,000 shares on Feb 27 at a per-share price of $36.65. This resulted in the Director holding 15,000 shares of OGE after the transaction. In another insider transaction, McQuistion Cristina F sold 3,067 shares at $38.23 per share on Nov 11. Company shares held by the VP- Corp. Resp./Stewardship now total 22,485.


The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. OGE Energy Corp. pays an annual dividend of $1.66, resulting in a dividend yield of 4.78%, and it has a price to earnings (P/E) ratio of 15.82. OGE’s most recent ex-dividend date was 7/7/2023 when it declared a $0.4140 quarterly dividend that was paid in cash on 7/28/2023. Previously, the company paid the dividend on 4/28/2023 with an ex-dividend date of 4/6/2023. The OGE stock dividend was $0.4141 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for OGE in the last 3 months, the mean price target is $36.88 with high estimates of $39.00 and low estimates of $35.00. In terms of 52-week highs and lows, OGE has a high of $42.28 and a low of $32.78.

As of this writing, OGE has an earnings estimate of $1.15 per share for the current quarter. EPS was calculated based on a consensus of 1 estimates, with a high estimate of $1.15 per share and a lower estimate of $1.15. The company reported an EPS of $0.19 in the last quarter, which was 18.80% higher than expectations of $0.16.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. OGE’s latest balance sheet shows that the firm has $0.00 in Cash & Short Term Investments as of fiscal 2021. There were $4.98B in debt and $1.09B in liabilities at the time. Its Book Value Per Share was $21.86, while its Total Shareholder’s Equity was $4.06B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for OGE is Buy with a score of 3.29.

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