JPMorgan Chase & Co. Begins Coverage on OGE Energy (NYSE:OGE)

Equities researchers at JPMorgan Chase & Co. began coverage on shares of OGE Energy (NYSE:OGE) in a research report issued to clients and investors on Friday. The brokerage set an “overweight” rating and a $52.00 price target on the utilities provider’s stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 9.78% from the company’s previous close.

A number of other analysts have also weighed in on the stock. Mizuho set a $49.00 target price on shares of OGE Energy in a research note on Thursday, February 19th. Barclays reduced their price objective on shares of OGE Energy from $51.00 to $49.00 and set an “overweight” rating on the stock in a report on Thursday, January 22nd. BMO Capital Markets assumed coverage on OGE Energy in a report on Tuesday, January 13th. They issued a “market perform” rating and a $45.00 target price on the stock. UBS Group cut their price target on OGE Energy from $45.00 to $44.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 17th. Finally, Wells Fargo & Company upped their price objective on OGE Energy from $39.00 to $41.00 and gave the stock an “overweight” rating in a research report on Thursday, February 19th. Six investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $48.11.

OGE Energy Price Performance

Shares of OGE opened at $47.37 on Friday. The company has a quick ratio of 0.49, a current ratio of 0.78 and a debt-to-equity ratio of 1.08. OGE Energy has a fifty-two week low of $40.80 and a fifty-two week high of $49.55. The company has a market cap of $9.77 billion, a P/E ratio of 20.51, a PEG ratio of 3.42 and a beta of 0.61. The firm’s 50 day moving average price is $45.81 and its 200 day moving average price is $44.91.

OGE Energy (NYSE:OGE) last announced its quarterly earnings data on Wednesday, February 18th. The utilities provider reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.03. OGE Energy had a return on equity of 9.89% and a net margin of 14.44%.The business had revenue of $725.80 million for the quarter, compared to analysts’ expectations of $277.80 million. During the same period last year, the firm earned $0.50 earnings per share. The company’s revenue for the quarter was down 4.6% compared to the same quarter last year. OGE Energy has set its FY 2026 guidance at 2.380-2.480 EPS. On average, research analysts forecast that OGE Energy will post 2.27 earnings per share for the current fiscal year.

Insider Activity at OGE Energy

In other news, Director Lyle G. Ganske purchased 10,420 shares of the business’s stock in a transaction on Monday, February 23rd. The shares were bought at an average price of $47.99 per share, with a total value of $500,055.80. Following the completion of the transaction, the director directly owned 10,420 shares in the company, valued at approximately $500,055.80. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Sarah R. Stafford sold 6,130 shares of the stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $47.77, for a total value of $292,830.10. Following the completion of the sale, the chief accounting officer directly owned 28,559 shares of the company’s stock, valued at $1,364,263.43. The trade was a 17.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.55% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Capital A Wealth Management LLC boosted its stake in shares of OGE Energy by 5,157.1% during the second quarter. Capital A Wealth Management LLC now owns 736 shares of the utilities provider’s stock worth $33,000 after buying an additional 722 shares during the period. Caitong International Asset Management Co. Ltd raised its stake in OGE Energy by 49.4% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 771 shares of the utilities provider’s stock valued at $36,000 after acquiring an additional 255 shares during the last quarter. State of Wyoming acquired a new stake in OGE Energy during the 2nd quarter worth approximately $34,000. Quest 10 Wealth Builders Inc. grew its stake in shares of OGE Energy by 618.3% in the 4th quarter. Quest 10 Wealth Builders Inc. now owns 783 shares of the utilities provider’s stock valued at $33,000 after purchasing an additional 674 shares during the last quarter. Finally, Clearstead Advisors LLC increased its holdings in shares of OGE Energy by 96.2% in the fourth quarter. Clearstead Advisors LLC now owns 881 shares of the utilities provider’s stock valued at $38,000 after purchasing an additional 432 shares during the period. 71.84% of the stock is currently owned by institutional investors and hedge funds.

About OGE Energy

OGE Energy Corp. (NYSE:OGE) is an energy and infrastructure holding company headquartered in Oklahoma City, Oklahoma. Through its principal subsidiary, Oklahoma Gas & Electric Company, the company provides regulated electric service to residential, commercial and industrial customers across Oklahoma and western Arkansas. Its diversified generation mix includes coal, natural gas and wind-powered facilities, complemented by ongoing investments in grid modernization and smart technology to enhance reliability and customer satisfaction.

In addition to its core electric utility operations, OGE Energy Corp.