OGE Energy Corporation (NYSE:OGE) Receives Average Recommendation of “Hold” from Brokerages

OGE Energy Corporation (NYSE:OGE) has received a consensus rating of “Hold” from the ten ratings firms that are presently covering the stock, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $49.1111.

OGE has been the topic of several analyst reports. Barclays increased their target price on OGE Energy from $49.00 to $51.00 and gave the stock an “overweight” rating in a report on Monday, April 20th. JPMorgan Chase & Co. started coverage on OGE Energy in a research note on Friday, March 20th. They issued an “overweight” rating and a $52.00 price objective on the stock. Mizuho set a $49.00 price objective on OGE Energy in a research note on Thursday, February 19th. LADENBURG THALM/SH SH raised their price objective on OGE Energy from $42.50 to $47.00 and gave the company a “neutral” rating in a research note on Monday, May 11th. Finally, Wall Street Zen lowered OGE Energy from a “hold” rating to a “sell” rating in a research note on Saturday.

Insider Activity

In related news, CAO Sarah R. Stafford sold 6,130 shares of the firm’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $47.77, for a total value of $292,830.10. Following the sale, the chief accounting officer directly owned 28,559 shares of the company’s stock, valued at $1,364,263.43. This trade represents a 17.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider William H. Sultemeier sold 7,345 shares of the firm’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $47.97, for a total value of $352,339.65. Following the completion of the sale, the insider directly owned 74,497 shares in the company, valued at $3,573,621.09. This trade represents a 8.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.57% of the company’s stock.

Institutional Trading of OGE Energy

Several large investors have recently bought and sold shares of OGE. Root Financial Partners LLC boosted its stake in shares of OGE Energy by 111.3% during the first quarter. Root Financial Partners LLC now owns 598 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 315 shares in the last quarter. Quest 10 Wealth Builders Inc. boosted its stake in shares of OGE Energy by 618.3% during the fourth 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 in the last quarter. State of Wyoming acquired a new stake in shares of OGE Energy during the second quarter valued at about $34,000. Capital Advisors Ltd. LLC boosted its stake in shares of OGE Energy by 14,780.0% during the first quarter. Capital Advisors Ltd. LLC now owns 744 shares of the utilities provider’s stock valued at $36,000 after purchasing an additional 739 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its stake in shares of OGE Energy by 49.4% during 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 in the last quarter. 71.84% of the stock is owned by institutional investors and hedge funds.

OGE Energy Stock Performance

OGE opened at $48.56 on Monday. The firm has a market cap of $10.02 billion, a P/E ratio of 21.68, a price-to-earnings-growth ratio of 3.60 and a beta of 0.55. OGE Energy has a 52-week low of $41.69 and a 52-week high of $50.13. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.40 and a current ratio of 0.66. The business’s fifty day moving average is $47.85 and its 200-day moving average is $45.73.

OGE Energy (NYSE:OGE) last released its earnings results on Tuesday, April 28th. The utilities provider reported $0.24 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.24. The company had revenue of $752.60 million for the quarter, compared to analyst estimates of $616.02 million. OGE Energy had a return on equity of 9.47% and a net margin of 14.03%.OGE Energy’s quarterly revenue was up .7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.31 EPS. Sell-side analysts expect that OGE Energy will post 2.42 EPS for the current fiscal year.

OGE Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Monday, July 6th will be paid a $0.425 dividend. The ex-dividend date of this dividend is Monday, July 6th. This represents a $1.70 annualized dividend and a yield of 3.5%. OGE Energy’s dividend payout ratio (DPR) is 75.89%.

Key Stories Impacting OGE Energy

Here are the key news stories impacting OGE Energy this week:

• Positive Sentiment: Zacks Research raised its fiscal 2027 earnings estimate to $2.59 per share from $2.58, suggesting slightly improved expectations for OGE Energy’s medium-term profitability.
• Positive Sentiment: The firm also nudged up its fiscal 2028 EPS estimate to $2.80 from $2.79, reinforcing a more favorable longer-term outlook for the utility. OGE Energy analyst update
• Positive Sentiment: Analysts lifted near-term 2026 and 2027 quarterly estimates in several cases, including Q3 2026 EPS to $0.95 and Q3 2027 EPS to $0.96, which may help sentiment around earnings stability.
• Neutral Sentiment: OGE Energy’s latest quarterly results matched EPS expectations at $0.24 per share, while revenue came in above estimates, so there was no major earnings surprise driving the stock.
• Negative Sentiment: Some near-term estimates were trimmed, including Q2 2027 EPS to $0.63 from $0.69, Q4 2027 EPS to $0.59 from $0.61, and Q1 2028 EPS to $0.54 from $0.57, which could temper upside expectations.

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.