Q4 Earnings Estimate for OGE Energy Issued By Zacks Research

OGE Energy Corporation (NYSE:OGE) – Stock analysts at Zacks Research decreased their Q4 2027 earnings estimates for OGE Energy in a report released on Thursday, October 1st. Zacks Research analyst Team now forecasts that the utilities provider will earn $0.60 per share for the quarter, down from their prior estimate of $0.61. The consensus estimate for OGE Energy’s current full-year earnings is $2.42 per share. Zacks Research also issued estimates for OGE Energy’s Q3 2028 earnings at $1.05 EPS.

Other equities research analysts have also issued reports about the company. Barclays boosted their price objective on OGE Energy from $51.00 to $52.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 14th. Royal Bank Of Canada raised OGE Energy from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from $50.00 to $54.00 in a research note on Wednesday, September 2nd. Wall Street Zen upgraded OGE Energy from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. Weiss Ratings reissued a “buy (b)” rating on shares of OGE Energy in a research note on Friday, July 31st. Finally, Argus restated a “buy” rating on shares of OGE Energy in a report on Wednesday, September 16th. Seven equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $49.73.

OGE Energy Trading Up 1.8%

Shares of OGE Energy stock opened at $45.78 on Monday. The firm has a market capitalization of $9.46 billion, a PE ratio of 20.17, a P/E/G ratio of 2.95 and a beta of 0.50. OGE Energy has a twelve month low of $41.69 and a twelve month high of $50.59. The firm’s 50-day moving average price is $46.27 and its 200 day moving average price is $47.42. The company has a current ratio of 0.77, a quick ratio of 0.47 and a debt-to-equity ratio of 1.12.

OGE Energy (NYSE:OGE) last announced its earnings results on Tuesday, July 28th. The utilities provider reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.01. The business had revenue of $711.90 million for the quarter, compared to analyst estimates of $782.73 million. OGE Energy had a net margin of 14.44% and a return on equity of 9.48%. The company’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.53 earnings per share.

OGE Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Monday, October 5th will be issued a dividend of $0.4288 per share. The ex-dividend date is Monday, October 5th. This represents a $1.72 annualized dividend and a dividend yield of 3.7%. This is an increase from OGE Energy’s previous quarterly dividend of $0.4250. OGE Energy’s payout ratio is presently 75.77%.

Insider Buying and Selling at OGE Energy

In other news, SVP Donnie Jones sold 6,508 shares of the company’s stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $46.11, for a total value of $300,083.88. Following the completion of the sale, the senior vice president directly owned 40,555 shares in the company, valued at $1,869,991.05. This represents a 13.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.57% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On OGE Energy

A number of institutional investors have recently added to or reduced their stakes in OGE. BlackRock Inc. purchased a new stake in OGE Energy in the 2nd quarter valued at $1,277,554,000. State Street Corp increased its stake in shares of OGE Energy by 2.8% in 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 last quarter. Clearbridge Investments LLC raised its holdings in shares of OGE Energy by 8.3% during the 4th quarter. Clearbridge Investments LLC now owns 6,240,594 shares of the utilities provider’s stock worth $266,473,000 after acquiring an additional 479,278 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of OGE Energy by 0.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,688,307 shares of the utilities provider’s stock worth $128,931,000 after acquiring an additional 24,529 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in shares of OGE Energy by 13.7% during the 4th quarter. Bank of New York Mellon Corp now owns 2,523,364 shares of the utilities provider’s stock valued at $107,748,000 after acquiring an additional 304,100 shares during the last quarter. Hedge funds and other institutional investors own 71.84% of the company’s stock.

About OGE Energy

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.