Is Oge Energy Corp. (NYSE: OGE) The Best Stock To Invest In?

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. The stock was recently discussed on Yahoo Finance as it revealed that OGE Energy Corp. Board of Directors declares quarterly dividend.

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Stocks Info

Oge Energy Corp. is listed on the NYSE in the Utilities sector while operating in the Utilities – Regulated Electric industry. The current market capitalization of Oge Energy Corp. is $6.78B. A total of 1.29 million shares were traded on the day, compared to an average of 1.52M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. 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 34 BUYs and 14 SELLs from insiders. Insiders purchased 147,758 shares during that period but sold 24,258.

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.

Dividend

The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Oge Energy Corp. pays an annual dividend of $1.68, resulting in a dividend yield of 4.95%, and it has a price to earnings (P/E) ratio of 16.24. OGE’s most recent ex-dividend date was 1/5/2024 when it declared a $0.4182 quarterly dividend that was paid in cash on 1/26/2024. Previously, the company paid the dividend on 10/27/2023 with an ex-dividend date of 10/6/2023. The OGE stock dividend was $0.4182 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for OGE in the last 3 months, the mean price target is $34.69 with high estimates of $37.00 and low estimates of $32.50. In terms of 52-week highs and lows, OGE has a high of $40.25 and a low of $31.25.

As of this writing, OGE has an earnings estimate of $0.2 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of $0.22 per share and a lower estimate of $0.13. The company reported an EPS of $0.44 in the last quarter, which was -2.20% lower than expectations of $0.45.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. 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 $22.67, while its Total Shareholder’s Equity was $4.06B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. 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 3.22.

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