OGE Energy Corporation (NYSE:OGE – Free Report) – Equities researchers at Scotiabank issued their FY2026 earnings estimates for OGE Energy in a report released on Thursday, October 1st. Scotiabank analyst I. Rapp expects that the utilities provider will earn $2.42 per share for the year. Scotiabank has a “Sector Outperform” rating and a $49.00 price objective on the stock. The consensus estimate for OGE Energy’s current full-year earnings is $2.42 per share. Scotiabank also issued estimates for OGE Energy’s FY2027 earnings at $2.66 EPS.
OGE has been the topic of several other research reports. Royal Bank Of Canada upgraded shares of OGE Energy from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from $50.00 to $54.00 in a report on Wednesday, September 2nd. Morgan Stanley lowered their price target on shares of OGE Energy from $49.00 to $46.00 and set an “equal weight” rating for the company in a report on Friday, September 18th. Weiss Ratings reissued a “buy (b)” rating on shares of OGE Energy in a report on Friday, July 31st. JPMorgan Chase & Co. decreased their price objective on shares of OGE Energy from $55.00 to $54.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 9th. Finally, Barclays upped their price objective on shares of OGE Energy from $51.00 to $52.00 and gave the company an “overweight” rating in a research note on Tuesday, July 14th. Seven research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $49.73.
OGE Energy Price Performance
Shares of OGE Energy stock opened at $45.03 on Monday. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.77 and a quick ratio of 0.47. OGE Energy has a one year low of $41.69 and a one year high of $50.59. The business’s 50 day simple moving average is $46.35 and its two-hundred day simple moving average is $47.43. The stock has a market capitalization of $9.30 billion, a P/E ratio of 19.84, a price-to-earnings-growth ratio of 2.98 and a beta of 0.50.
OGE Energy (NYSE:OGE – Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The utilities provider reported $0.56 EPS for the quarter, topping the consensus estimate of $0.55 by $0.01. OGE Energy had a return on equity of 9.48% and a net margin of 14.44%.The firm had revenue of $711.90 million for the quarter, compared to the consensus estimate of $782.73 million. During the same quarter in the previous year, the business earned $0.53 earnings per share. The company’s quarterly revenue was down 4.0% on a year-over-year basis.
Institutional Investors Weigh In On OGE Energy
Large investors have recently modified their holdings of the stock. CX Institutional increased its position in shares of OGE Energy by 155.4% during the third quarter. CX Institutional now owns 5,029 shares of the utilities provider’s stock valued at $228,000 after buying an additional 3,060 shares during the period. Versant Capital Management Inc lifted its holdings in OGE Energy by 39.7% in the third quarter. Versant Capital Management Inc now owns 6,707 shares of the utilities provider’s stock worth $305,000 after buying an additional 1,907 shares during the period. QRG Capital Management Inc. boosted its position in OGE Energy by 15.5% during the 2nd quarter. QRG Capital Management Inc. now owns 24,769 shares of the utilities provider’s stock valued at $1,205,000 after acquiring an additional 3,330 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in OGE Energy by 53.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 113,351 shares of the utilities provider’s stock valued at $5,516,000 after acquiring an additional 39,446 shares in the last quarter. Finally, State Street Corp grew its holdings in shares of OGE Energy by 2.8% during the 2nd quarter. State Street Corp now owns 7,226,476 shares of the utilities provider’s stock worth $351,640,000 after acquiring an additional 198,593 shares during the period. Institutional investors own 71.84% of the company’s stock.
Insider Transactions at OGE Energy
In other OGE Energy news, SVP Donnie Jones sold 6,508 shares of the company’s stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $46.11, for a total value of $300,083.88. Following the completion of the transaction, the senior vice president directly owned 40,555 shares in the company, valued at approximately $1,869,991.05. This represents a 13.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.57% of the company’s stock.
OGE Energy Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Monday, October 5th will be given a dividend of $0.4288 per share. This represents a $1.72 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Monday, October 5th. This is an increase from OGE Energy’s previous quarterly dividend of $0.4250. OGE Energy’s payout ratio is presently 74.89%.
OGE Energy Company Profile
OGE Energy Corp. (NYSE: OGE) is an energy holding company headquartered in Oklahoma City, Oklahoma. Through its principal subsidiary, Oklahoma Gas and Electric Company (OG&E), the company provides regulated electric utility services, including the generation, transmission, distribution and retail sale of electricity.
OG&E serves residential, commercial and industrial customers across Oklahoma and western Arkansas. Its operations include a portfolio of power-generation facilities and an electric transmission and distribution network supporting the communities and businesses within its service territory.
OGE Energy traces its utility operations to the founding of Oklahoma Gas and Electric in 1902.
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