Dividend Growth of OGE Energy Corporation(OGE)

OGE Energy Corporation(OGE) is having a Dividend Yield of 3.54% with the Annual cash Dividend per share of $1.13. The last quarter cash dividend per share pay out was $0.3. OGE Energy Corporation has a 5 year average dividend yield of 3.02% and the stock has a Indicated annual dividend of $1.21. OGE Energy Corporation(OGE) formally announced its most recent dividend on November 30, 2016 with a Dividend per share of $0.3. The new indicated annual dividend based on announced dividend per share is $1.21. The dividend yield based on the forward looking indicated annual dividend is 3.54%. OGE Energy Corporation(OGE) has the most recent dividend payout ratio of 0.71 with a 5-year average payout ratio of 0.55. Companys change in pay out ratio when compared to the last 5 years average pay out ratio has been 0.16. The 5 year historical dividend growth of OGE Energy Corporation(OGE) is at the rate of 9.62% while the R-Squared dividend growth is 0.95. If the value of R-Square is close to one, it indicates a perfect fit and the higher value conforms to the regression line while data close to zero indicates the opposite.

OGE Energy Corporation (NYSE:OGE) rose 1.26% or 0.43 points on Thursday and made its way into the gainers of the day. After trading began at $34.17 the stock was seen hitting $34.635 as a peak level and $34.17 as the lowest level. The stock ended up at $34.62. The daily volume was measured at 632,156 shares. The 52-week high of the share price is $34.635 and the 52-week low is $24.39. The company has a market cap of $6,914 million. Shares of OGE Energy Corp. rose by 1.64% in the last five trading days and 2.73% for the last 4 weeks. OGE Energy Corp. is up 11.97% in the last 3-month period. Year-to-Date the stock performance stands at 4.43%.

Currently the company Insiders own 0.75% of OGE Energy Corporation shares according to the proxy statements. Institutional Investors own 64.13% of OGE Energy Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -20.05%. Company has reported several Insider transactions to the SEC, on Sep 9, 2016, H Scott Forbes (Controller and CAO) sold 4,959 shares at 32.12 per share price.On Aug 11, 2016, Jean C Jr Leger (VP – Utility Operations) sold 10,000 shares at 31.17 per share price.On Aug 14, 2015, Jerry A Peace (Chief Gen Plan & Procurement) sold 6,000 shares at 30.42 per share price.

OGE Energy Corp. Last issued its quarterly earnings results on Nov 3, 2016. The company reported $0.92 EPS for the quarter, missing the analyst consensus estimate by $ -0.01. Analyst had a consensus of $0.93. The company had revenue of $743.90 million for the quarter.The companys revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.55 EPS.

OGE Energy Corp. is a public utility holding company. The companys principal subsidiary is Oklahoma Gas and Electric Company, a regulated public utility engaged in the generation, transmission and distribution of electricity to retail and wholesale customers. Its other subsidiary is Enogex Inc. Enogex owns and operates natural gas transmission and gathering pipelines, has interests in several gas processing plants, markets electricity, natural gas and natural gas liquids and invests in the drilling for and production of crude oil and natural gas.


Share this post

Post Comment