Favorable News Coverage Somewhat Unlikely to Impact OGE Energy (OGE) Share Price

Media stories about OGE Energy (NYSE:OGE) have trended positive this week, according to Accern Sentiment. Accern identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. OGE Energy earned a news impact score of 0.31 on Accern’s scale. Accern also assigned press coverage about the utilities provider an impact score of 44.5997760143673 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

OGE Energy (OGE) opened at $30.39 on Friday. The firm has a market capitalization of $5,911.27, a PE ratio of 15.91, a P/E/G ratio of 2.78 and a beta of 0.84. The company has a current ratio of 0.63, a quick ratio of 0.46 and a debt-to-equity ratio of 0.76. OGE Energy has a 1-year low of $29.59 and a 1-year high of $37.40.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 30th. Investors of record on Wednesday, January 10th were issued a dividend of $0.3325 per share. The ex-dividend date of this dividend was Tuesday, January 9th. This represents a $1.33 dividend on an annualized basis and a dividend yield of 4.38%. OGE Energy’s dividend payout ratio is 69.63%.

Several analysts have weighed in on OGE shares. Goldman Sachs Group raised OGE Energy from a “neutral” rating to a “buy” rating and set a $38.00 price target on the stock in a report on Wednesday, January 10th. Edward Jones cut OGE Energy from a “buy” rating to a “hold” rating in a report on Wednesday, December 27th. UBS Group started coverage on OGE Energy in a report on Friday, February 2nd. They issued a “neutral” rating and a $33.00 price target on the stock. Bank of America raised OGE Energy from an “underperform” rating to a “neutral” rating in a report on Thursday, January 18th. They noted that the move was a valuation call. Finally, Zacks Investment Research cut OGE Energy from a “hold” rating to a “sell” rating in a report on Friday, December 22nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $36.67.

In related news, VP Patricia D. Horn sold 10,051 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $35.56, for a total transaction of $357,413.56. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.48% of the company’s stock.

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OGE Energy Company Profile

OGE Energy Corp. (OGE Energy) is an energy and energy services provider offering physical delivery and related services for both electricity and natural gas primarily in the south central United States. The Company operates through two segments: electric utility and natural gas midstream operations. The electric utility segment generates, transmits, distributes and sells electric energy in Oklahoma and western Arkansas.

Insider Buying and Selling by Quarter for OGE Energy (NYSE:OGE)

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