Lyle Ganske Purchases 10,420 Shares of OGE Energy (NYSE:OGE) Stock

OGE Energy Corporation (NYSE:OGE) Director Lyle Ganske purchased 10,420 shares of the stock in a transaction that occurred on Monday, February 23rd. The shares were bought at an average cost of $47.99 per share, for a total transaction of $500,055.80. Following the acquisition, the director owned 10,420 shares of the company’s stock, valued at approximately $500,055.80. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

OGE Energy Stock Performance

OGE traded up $0.26 on Tuesday, hitting $48.39. 989,604 shares of the company traded hands, compared to its average volume of 1,597,619. The company has a quick ratio of 0.49, a current ratio of 0.78 and a debt-to-equity ratio of 1.08. The company has a 50 day moving average of $43.85 and a 200-day moving average of $44.52. OGE Energy Corporation has a 12-month low of $40.80 and a 12-month high of $48.72. The stock has a market capitalization of $9.98 billion, a PE ratio of 20.96, a PEG ratio of 3.39 and a beta of 0.62.

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. The company had revenue of $725.80 million for the quarter, compared to analysts’ expectations of $277.80 million. OGE Energy had a net margin of 14.44% and a return on equity of 9.89%. OGE Energy’s revenue was down 4.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.50 EPS. OGE Energy has set its FY 2026 guidance at 2.380-2.480 EPS. Sell-side analysts anticipate that OGE Energy Corporation will post 2.27 earnings per share for the current year.

OGE Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 24th. Investors of record on Monday, April 6th will be given a $0.425 dividend. The ex-dividend date is Monday, April 6th. This represents a $1.70 dividend on an annualized basis and a yield of 3.5%. OGE Energy’s dividend payout ratio (DPR) is presently 73.59%.

Wall Street Analyst Weigh In

OGE has been the subject of a number of analyst reports. Wall Street Zen raised OGE Energy from a “sell” rating to a “hold” rating in a research note on Saturday, January 24th. Mizuho set a $49.00 price objective on OGE Energy in a research report on Thursday, February 19th. Wells Fargo & Company raised their target price on OGE Energy from $39.00 to $41.00 and gave the company an “overweight” rating in a report on Thursday, February 19th. Barclays lowered their price target on shares of OGE Energy from $51.00 to $49.00 and set an “overweight” rating on the stock in a research note on Thursday, January 22nd. Finally, UBS Group reduced their price objective on shares of OGE Energy from $45.00 to $44.00 and set a “neutral” rating for the company in a research note on Wednesday, December 17th. Five research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $47.63.

Hedge Funds Weigh In On OGE Energy

Hedge funds have recently added to or reduced their stakes in the business. Capital A Wealth Management LLC boosted its position in 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 acquiring an additional 722 shares during the last quarter. Quest 10 Wealth Builders Inc. lifted its stake in shares of OGE Energy by 618.3% during the 4th quarter. Quest 10 Wealth Builders Inc. now owns 783 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 674 shares during the period. State of Wyoming acquired a new stake in shares of OGE Energy during the second quarter worth $34,000. Golden State Wealth Management LLC grew its position in shares of OGE Energy by 427.0% in the second quarter. Golden State Wealth Management LLC now owns 780 shares of the utilities provider’s stock valued at $35,000 after purchasing an additional 632 shares during the period. Finally, Caitong International Asset Management Co. Ltd increased its stake in OGE Energy by 49.4% in the third quarter. Caitong International Asset Management Co. Ltd now owns 771 shares of the utilities provider’s stock valued at $36,000 after purchasing an additional 255 shares during the last quarter. 71.84% of the stock is currently owned by hedge funds and other institutional investors.

OGE Energy Company Profile

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.